Each day Pivots: (S1) 157.64; (P) 158.29; (R1) 158.87; Extra….
Intraday bias in EUR/JPY stays impartial because it’s nonetheless bounded in vary under 159.90. Additional rise is in favor so long as 157.67 assist holds. Above 159.90 will resume bigger up development to 163.06 projection stage. Nonetheless, agency break of 157.67 will flip bias again to the draw back 154.32 assist as a substitute.
Within the greater image, rise from 114.42 (2020 low) is in progress. Subsequent goal is 100% projection of 124.37 to 148.38 from 139.05 at 163.06. On the draw back, break of 154.32 assist is required to be the primary signal of medium time period topping. In any other case, outlook will stay bullish even in case of deep pullback.
