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EUR/JPY Rises to 176.40 as FXStreet Keeps Bearish Chart View

Investing.com recorded the cross at 176.39 for Nov. 2, while FXStreet’s AI-assisted analysis placed it above its nine-day EMA and below its 50-day EMA.

Updated 1 min read
An anonymous currency dealer checks a market screen in Tokyo’s Marunouchi district / EconoTimes.ai
An anonymous currency dealer checks a market screen in Tokyo’s Marunouchi district / EconoTimes.ai

EUR/JPY rose to around 176.40 during Asian trading on Nov. 2, but FXStreet’s latest chart review stayed bearish because the cross remained below its 50-day average at 178.79.

A separate Nov. 2 record from Investing.com gives 176.39 and a 0.27% rise; its listed bounds for the day are 175.91 and 176.55. Investing.com does not identify the time zone behind its Nov. 2 entry.

In FXStreet’s AI-assisted chart analysis, the nine-day exponential moving average (EMA) stood at 176.33 and the 50-day EMA at 178.79. The outlet put the 14-day relative strength index (RSI) at 42.64 and the descending channel’s upper boundary near 178.00. FXStreet said an AI tool helped prepare the analysis.

The latest figures update EconoTimes’ earlier coverage of EUR/JPY near 176 with differing RSI readings.

Separately, the European Central Bank’s reference-rate chart listed EUR/JPY at 175.68 on Oct. 30. The ECB says its reference rates are provided for information and follow a schedule separate from intraday market quotes.

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