Day by day Pivots: (S1) 162.42; (P) 163.03; (R1) 163.89; Extra….
Intraday bias in EUR/JPY stays impartial as consolidation from 164.29 is extending. Draw back of retreat needs to be contained nicely above 159.75 resistance turned help to deliver one other rally. On the upside, break of 164.29 will resume bigger up pattern to 61.8% projection of 139.05 to 159.75 from 154.32 at 167.11.
Within the greater image, rise from 114.42 (2020 low) is in progress. Subsequent goal is 169.96 (2008 excessive). On the draw back, break of 159.75 resistance turned help 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.
