EURJPY Outlook

eur/jpy-weekly-outlook

18 May: EUR/JPY Weekly Outlook

EUR/JPY retreated after rising further to 169.38 last week but then recovered. Initial bias remains neutral this week first, and further rise is expected. Break of 169.38 will resume the rally from 164.01, as the second leg of the corrective pattern from 171.58, towards this 171.58. On the downside, break of 167.31 should turn bias

eur/jpy-every-day-outlook

17 May: EUR/JPY Every day Outlook

Daily Pivots: (S1) 167.83; (P) 168.37; (R1) 169.41; More… Intraday bias in EUR/JPY remains neutral at this point. On the upside, break of 169.38 will resume the rebound from 162.26. As the second leg of the corrective pattern from 171.58, this rise should target 171.58 next. On the downside, break of 166.73 support will argue

eur/jpy-every-day-outlook

16 May: EUR/JPY Every day Outlook

Daily Pivots: (S1) 167.99; (P) 168.70; (R1) 169.30; More… Intraday bias in EUR/JPY is turned neutral with current retreat. On the downside, break of 166.73 support will argue that corrective pattern from 171.58 has started the third leg. Deeper fall would then be seen back to 164.01 support and below. For now, risk will stay

eur/jpy-day-by-day-outlook

15 May: EUR/JPY Day by day Outlook

Daily Pivots: (S1) 168.65; (P) 169.00; (R1) 169.61; More… Intraday bias in EUR/JPY stays on the upside at this point. Rebound from 164.01 is seen as the second leg of the corrective pattern from 171.58. Further rise should be seen to 171.58 high, but upside should be limited there. On the downside, below 167.49 minor

eur/jpy-day-by-day-outlook

14 May: EUR/JPY Day by day Outlook

Daily Pivots: (S1) 167.83; (P) 168.24; (R1) 168.98; More… Intraday bias in EUR/JPY stays on the upside at this point. Rebound from 164.01 is seen as the second leg of the corrective pattern from 171.58. Firm break of 168.64 will target 171.58 high. On the downside, below 167.49 minor support will turn intraday bias neutral

eur/jpy-day-by-day-outlook

13 May: EUR/JPY Day by day Outlook

Daily Pivots: (S1) 167.48; (P) 167.72; (R1) 168.03; More… Further rise is mildly in favor in EUR/JPY despite loss of momentum as seen in 4H MACD. Rebound from 164.01 is seen as the second leg of the corrective pattern from 171.58, and would target 168.64 resistance. On the downside, break of 166.73 minor support will

eur/jpy-weekly-outlook

11 May: EUR/JPY Weekly Outlook

EUR/JPY’s rebound last week suggest that pullback from 171.58 has completed at 164.01 already. Initial bias stays on the upside this week for 168.64 resistance, as the second leg of the corrective pattern from 171.58. On the downside, break of 166.73 minor support will turn bias back to the downside to start the third leg.