Each day Pivots: (S1) 162.63; (P) 162.91; (R1) 163.38; Extra….
With 162.08 minor assist intact, EUR/JPY’s rebound from 161.22 may lengthen additional to retest 164.29 excessive. Agency break there’ll resume bigger up development. On the draw back, nonetheless, break of 162.08 will flip bias again to the draw back, to renew the autumn from 164.29 by 161.22 in direction of 159.75 resistance turned assist.
Within the larger image, rise from 114.42 (2020 low) is in progress. Subsequent goal is 169.96 (2008 excessive). On the draw back, break of 159.75 resistance turned assist is required to be the primary signal of medium time period topping. In any other case, outlook will stay bullish even in case of deep pullback.
