Each day Pivots: (S1) 156.39; (P) 157.07; (R1) 157.78; Extra….
Intraday bias in EUR/JPY stays impartial for the second. On the upside, decisive break of 157.99/158.03 will resume bigger up pattern to 162.82 projection stage subsequent. Nevertheless, break of 155.10 will lengthen the corrective sample from 157.99 with one other falling leg as a substitute.
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. However, sustained break of 151.60 will argue that bigger correction is already underway. Deeper decline could be seen to 55 W EMA (now at 145.94).
