Day by day Pivots: (S1) 138.78; (P) 139.59; (R1) 141.12; Extra….
EUR/JPY’s consolidation from 1 37.32 remains to be in progress and intraday bias stays impartial. On the draw back, break of 137.32 will resume the decline from 145.62 to 133.38 key help subsequent. On the upside, although, break of 142.28 will flip bias again to the upside for retesting 145.62 excessive.
Within the greater image, so long as 133.38 help holds, the up pattern from 114.42 (2020 low) may nonetheless lengthen via 145.62 excessive. In that case, subsequent goal 149.76 (2015 excessive). Nevertheless, sustained break of 133.38 can be an indication of medium time period bearish reversal and produce deeper fall to 124.37 help first.