EUR/JPY Price Forecast: Rebound Stalls Below 200-Day SMA

The EUR/JPY rebound stalled below the 200-day SMA following recent FX market interventions.

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The EUR/JPY buyers stop the bleeding after three consecutive days of losses, registering modest gains of 0.56% on Tuesday. At the time of writing, the cross-pair trades at around 181.90 after US and Japanese authorities intervened in the FX markets to propel the Japanese Yen against its pairs.

EUR/JPY Price Forecast: Technical outlook

Following last week’s intervention, the EUR/JPY shifted from bullish to sideways trading, slightly tilted to the downside, after clearing the 200-day Simple Moving Average (SMA). Momentum suggests further downside, as the Relative Strength Index (RSI) tumbles toward oversold territory. 

For a bearish continuation, sellers must clear the figure at 180.00. Beneath this area lies the August 3 cycle low of 179.3, ahead of the October 30, 2025, high at 178.82

On the other hand, for a bullish resumption, traders must push EUR/JPY above the 182.00 level, followed by 183.00. Above these two milestones sits the 200-day SMA at 183.74.

EUR/JPY Price Chart – Daily

EUR/JPY daily chart

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