Daily Pivots: (S1) 156.94; (P) 157.61; (R1) 158.71; More…. Intraday bias in EUR/JPY remains neutral for the moment. On the upside, firm break of 158.464 will argue that the pull back has from 159.75 is completed. Bias will be turned back to the upside for resuming larger up trend through 159.75 high. On the downside
EURJPY Outlook
EUR/JPY rebounded strongly after diving to 154.32 last week. But upside is limited below 158.46. Initial bias stays neutral this week first. On the upside, firm break of 158.464 will argue that the pull back has from 159.75 is completed. Bias will be turned back to the upside for resuming larger up trend through 159.75
Daily Pivots: (S1) 156.26; (P) 156.52; (R1) 156.96; More…. Intraday bias in EUR/JPY remains neutral for the moment. Near term outlook stays bearish as long as 158.46 resistance holds. Break of 154.32 will resume the whole fall from 159.75 to 151.39 support. Nevertheless, break of 158.464 will argue that the pull back has completed, and
Daily Pivots: (S1) 156.06; (P) 156.41; (R1) 157.00; More…. Intraday bias in EUR/JPY is turned neutral with current recovery and with 4H MACD crossed above signal line. Near term outlook stays bearish as long as 158.46 resistance holds. Break of 154.32 will resume the whole fall from 159.75 to 151.39 support. Nevertheless, break of 158.464
Daily Pivots: (S1) 155.09; (P) 156.16; (R1) 157.05; More…. EUR/JPY’s fall from 159.75 resumed by breaking through 156.57 and intraday bias is back on the downside. This decline is seen as a larger scale correction. Deeper fall would be seen to 151.39 support. For now, risk will stay on the downside as long as 158.46
Daily Pivots: (S1) 156.53; (P) 157.50; (R1) 158.01; More…. Range trading continues in EUR/JPY and intraday bias remains neutral. Deeper decline will remain in favor as long as 158.64 resistance holds. On the downside, break of 156.57 support, and sustained trading below 55 D EMA (now at 157.02) will argue that fall from 159.75 is
Daily Pivots: (S1) 157.44; (P) 157.89; (R1) 158.38; More…. Intraday bias in EUR/JPY remains neutral as range trading continues. Deeper decline will remain in favor as long as 158.64 resistance holds. On the downside, break of 156.57 support, and sustained trading below 55 D EMA (now at 157.02) will argue that fall from 159.75 is