EUR/JPY moved above the 185.00 level during early European trading hours on Thursday, recovering after bouncing off the bottom of an ascending channel, according to FX Street.
The pair traded around 185.10 as it found support near the channel's lower boundary and showed resilience by staying above key moving averages, including the nine-period and 50-period EMAs.
This rebound is notable amid ongoing market volatility affecting Japanese yen crosses, where technical levels such as these often guide traders’ decisions in Japan’s active FX market.