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EUR/JPY Day by day Outlook


Day by day Pivots: (S1) 136.08; (P) 137.65; (R1) 138.80; Extra….

Intraday bias in EUR/JPY stays impartial as correction from 139.99 is extending. Draw back needs to be contained by 134.33 assist to carry up pattern resumption. On the upside, break of 139.99 will resume bigger up pattern to 144.06 projection stage subsequent. Nevertheless, sustained break of 134.33 will dampen this bullish case and convey deeper pull again.

Within the larger image, up pattern from 114.42 (2020 low) is in progress. Such rise is seen because the third leg of the sample from 109.30 (2016 low). Subsequent goal shall be 100% projection of 114.42 to 134.11 from 124.37 at 144.06. In any case, outlook will now stay bullish so long as 124.37 assist holds, in case of deep pull again.

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