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EUR/JPY Each day Outlook


Each day Pivots: (S1) 153.90; (P) 154.79; (R1) 155.39; Extra….

EUR/JPY’s fall from 157.99 is in progress and intraday bias stays on the draw back. Sustained buying and selling under 154.03 help will argue that it’s at the least correcting the entire rise from 139.05. Deeper fall could be seen to 55 D EMA (now at 152.28). On the upside, above 155.66 minor resistance will flip intraday bias impartial and convey consolidations first.

Within the greater image, so long as 151.60 resistance turned help 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.

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