Each day Pivots: (S1) 156.87; (P) 157.30; (R1) 158.01; Extra….
Intraday bias in EUR/JPY stays mildly on the draw back for the second. Sustained buying and selling beneath 55 D EMA (now at 156.57) will argue that fall from 159.75 is a bigger scale correction. Deeper fall can be seen again in direction of 151.39 help. On the upside, break of 159.75 will resume bigger up pattern to 163.06 projection goal.
Within the larger 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 best way to retest long run resistance at 169.96. This may stay the favored case so long as 151.39 help holds, even in case of deep pull again.
