Each day Pivots: (S1) 138.24; (P) 138.87; (R1) 139.47; Extra….
EUR/JPY’s retreat from 139.99 continues at the moment however stays nicely above 134.33 assist. Intraday bias stays impartial for the second, and outlook stays bullish too. On the upside, break of 139.99 will resume bigger up pattern to 144.06 projection stage subsequent. Nevertheless, sustained break of 134.33 will dampen this bullish case and convey deeper pull again.
Within the larger image, up pattern from 114.42 (2020 low) is in progress. Such rise is seen because the third leg of the sample from 109.30 (2016 low). Subsequent goal can be 100% projection of 114.42 to 134.11 from 124.37 at 144.06. In any case, outlook will now stay bullish so long as 124.37 assist holds, in case of deep pull again.