Each day Pivots: (S1) 156.10; (P) 156.48; (R1) 157.14; Extra….
Intraday bias in EUR/JPY stays impartial first, because it’s restricted under 158.03 resistance regardless of at the moment’s rally. On the upside, decisive break of 157.99/158.03 will resume bigger up pattern to 162.82 projection degree subsequent. Nevertheless, break of 155.10 will prolong the corrective sample from 157.99 with one other falling leg as an alternative.
Within the greater 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. Nonetheless, sustained break of 151.60 will argue that bigger correction is already underway. Deeper decline can be seen to 55 W EMA (now at 145.94).
