Daily Pivots: (S1) 164.49; (P) 164.83; (R1) 165.13; More… Intraday bias in EUR/JPY remains neutral for the moment and consolidation could continue below 165.33. But further rally remains in favor as long as 162.59 support holds. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. On the
EURJPY Outlook
Daily Pivots: (S1) 164.42; (P) 164.67; (R1) 165.14; More… Range trading continues in EUR/JPY and intraday bias remains neutral. More consolidations could be seen below 165.33.On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. On the downside, though, break of 162.59 will turn bias to the downside
Daily Pivots: (S1) 163.77; (P) 164.10; (R1) 164.72; More… Intraday bias in EUR/JPY remains neutral and more consolidations could be seen below 65.33. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. On the downside, though, break of 162.59 will turn bias to the downside for 160.20
EUR/JPY rebounded after initial dip to 162.59 but failed to break through 165.33 resistance. Initial bias remains neutral this week first and more range trading could be seen. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. On the downside, though, break of 162.59 will turn bias
Daily Pivots: (S1) 163.56; (P) 164.24; (R1) 164.69; More… Intraday bias in EUR/JPY as turned neutral again as it retreated ahead of 165.33 resistance. Further rally will remain in favor as long as 162.59 support holds, in case of retreat. Break of 165.33 will resume larger up trend. In the bigger picture, current rally is
Daily Pivots: (S1) 163.51; (P) 163.96; (R1) 164.85; More… Breach of 164.40 resistance argues that EUR/JPY’s pull back from 165.33 has completed at 162.59 already. Intraday bias is back on the upside for retesting 165.33. Firm break there will resume larger up trend. For now, further rally will remain in favor as long as 162.59
Daily Pivots: (S1) 162.77; (P) 163.06; (R1) 163.49; More… Intraday bias in EUR/JPY is turned neutral gain with current recovery. On the downside, below 162.59 will resume the fall from 165.33 to 160.20 structural support next. On the upside, however, break of 164.40 minor resistance will bring retest of 165.33 instead. In the bigger picture