EUR/JPY extended its advance for a second straight session, changing hands around 178.10—up more than 0.25%—in early European trade on Monday. The pair’s short-term momentum remains firm as it stays above the nine-day EMA, while the 14-day RSI holding above 50 underscores a growing bullish bias.
Next, EUR/JPY could challenge the immediate resistance at 178.50, with the all-time high of 178.82 (set on October 30) looming overhead. A clear break above that record level would pave the way for the cross to test the psychologically important 180.00 area.
