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EUR/JPY Day by day Outlook


Day by day Pivots: (S1) 154.21; (P) 154.67; (R1) 155.45; Extra….

Intraday bias in EUR/JPY stays impartial for the second. Additional decline is in favor so long as 155.66 minor resistance holds. Under 153.32 will goal 55 D EMA (now at 152.36) and under. However, above 155.66 will flip bias again to the upside for retesting 157.99 excessive as a substitute.

Within the larger image, so long as 151.60 resistance turned help holds, rise from 114.42 (2020 low) is in progress. On resumption, subsequent goal is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. However, sustained break of 151.60 will argue that bigger correction is already underway.

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