Daily Pivots: (S1) 152.75; (P) 154.18; (R1) 156.95; More…. Intraday bias in EUR/JPY is mildly on the upside for retesting 157.99/158.03 resistance. As noted before, correction from 157.99 could have completed at 151.39, just ahead of 38.2% retracement of 139.05 to 157.99 at 150.77. Decisive break of 157.03 will resume larger up trend to 162.82
EURJPY Outlook
EUR/JPY dropped sharply to as low as 151.39 last week, but recovered strongly ahead of 38.2% retracement of 139.05 to 157.99 at 150.77. The development argues that price actions from 157.99 are merely a correction to the rise from 139.05 only. Initial bias stays neutral this week first. Break of 157.99 will resume larger up
Daily Pivots: (S1) 151.45; (P) 153.84; (R1) 155.50; More…. EUR/JPY’s decline accelerates to as low as 151.39 so far and intraday bias stays on the downside. The break of 153.32 could have completed a double top pattern (157.99, 158.03). Deeper fall is now expected as long as 154.91 minor resistance holds. Next target is 38.2%
Daily Pivots: (S1) 154.61; (P) 155.38; (R1) 156.58; More…. Intraday bias in EUR/JPY remains mildly on the upside for retesting 157.99 high. Firm break there will resume larger up trend. On the downside, break of 153.32 will extend the pull back from 157.99 to 55 D EMA (now at 152.62) and possibly below. In the
EUR/JPY’s strong rebound from 153.32 last week argues that pull back from 157.99 has completed already. Initial bias is now mildly on the upside this week for retesting 157.99 first. Firm break there will resume larger up trend. On the downside, break of 153.32 will extend the pull back from 157.99 to 55 D EMA
Daily Pivots: (S1) 154.21; (P) 154.67; (R1) 155.45; More…. Intraday bias in EUR/JPY remains neutral for the moment. Further decline is in favor as long as 155.66 minor resistance holds. Below 153.32 will target 55 D EMA (now at 152.36) and below. Nevertheless, above 155.66 will turn bias back to the upside for retesting 157.99
Daily Pivots: (S1) 153.62; (P) 154.08; (R1) 154.67; More…. EUR/JPY recovered after falling to 153.32 and intraday bias is turned neutral first. Further decline is in favor as long as 155.66 minor resistance holds. Below 153.32 will target 55 D EMA (now at 152.36) and below. nevertheless, above 155.66 will turn bias back to the