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EUR/JPY Day by day Outlook

eur/jpy-day-by-day-outlook

Day by day Pivots: (S1) 154.03; (P) 155.26; (R1) 156.11; Extra..

Intraday bias in EUR/JPY stays impartial as consolidation from 153.15 is extending. Outlook will keep bearish so long as 157.67 resistance holds. Break of 153.15 will resume entire fall from 164.39 to 61.8% retracement of 139.05 to 164.29 at 148.69.

Within the larger image, worth actions from 164.29 medium time period high are tentatively seen as a correction to rise from 139.05 for now. So long as 148.48 resistance turned assist holds (2022 excessive), bigger up development from 114.42 (2020 low) may nonetheless resume via 164.29 at a later stage.

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