Each day Pivots: (S1) 158.29; (P) 158.85; (R1) 159.89; Extra….
Prior breach of 159.32 means that EUR/JPY’s up development is resuming. Additional rally is now anticipated so long as 157.64 assist holds. Subsequent goal is 61.8% projection of 139.05 to 157.99 from 151.39 at 163.09. However, break of 157.64 will now point out quick time period topping, and switch bias to the draw back for deeper correction.
Within the greater image, rise from 114.42 (2020 low) is in progress. Subsequent goal is 100% projection of 124.37 to 148.38 from 139.05 at 163.06. Sustained break there’ll pave the way in which to retest long run resistance at 169.96. This may now stay the favored case so long as 151.39 assist holds, even in case of deep pull again.
