Each day Pivots: (S1) 159.15; (P) 159.66; (R1) 159.95; Extra…
Regardless of lack of upside momentum, additional rally is anticipated in EUR/JPY for now. Rebound from 153.15 would goal 100% projection of 153.15 to 158.55 from 155.06 at 160.46. Agency break there’ll goal 161.8% projection at 163.79. Nevertheless, break of 157.19 assist will argue that the rebound has accomplished, and switch bias again to the draw back.
Within the larger image, worth actions from 164.29 medium time period prime are tentatively seen as a correction to rise from 139.05 for now. So long as 148.48 resistance turned assist holds (2022 excessive), bigger up development from 114.42 (2020 low) might nonetheless resume by way of 164.29 at a later stage.
