Day by day Pivots: (S1) 162.17; (P) 162.41; (R1) 162.86; Extra…
EUR/JPY’s rally is in progress and intraday bias stays on the upside. Present rise from 153.15 is in progress for retesting 164.29 excessive. On the draw back, nevertheless, beneath 161.93 minor help will flip intraday bias impartial and produce consolidations, earlier than staging one other rally.
Within the larger image, value actions from 164.29 medium time period prime are seen as a correction to rise from 139.05 solely. So long as 148.38 resistance turned help holds (2022 excessive), bigger up development from 114.42 (2020 low) is predicted to renew by way of 164.29 at a later stage. Subsequent goal can be 169.96 (2008 excessive).
