Each day Pivots: (S1) 155.22; (P) 155.78; (R1) 156.46; Extra….
Additional rise might nonetheless seen in EUR/JPY to retest 157.99 excessive. Agency break there’ll resume bigger up pattern. On the draw back, break of 153.32 will lengthen the pull again from 157.99 to 55 D EMA (now at 152.73) and probably under.
Within the larger image, so long as 151.60 resistance turned assist 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.
