Each day Pivots: (S1) 162.38; (P) 162.67; (R1) 163.14; Extra…
Intraday bias in EUR/JPY is again on the draw back with break of 161.67 help. Value actions from 163.70 might be a correction to the rally from 153.15, or reversing the entire transfer. In both case, deeper fall could be seen to 38.2% retracement of 153.15 to 163.70 at 159.66. Sustained break of 159.66 will affirm the latter case and goal 61.8% retracement at 157.18. For now, threat will keep on the draw back so long as 163.70 resistance holds, in case of restoration.
Within the larger image, value actions from 164.29 medium time period high are seen as a correction to rise from 139.05 which might nonetheless be extending. So long as 148.38 resistance turned help holds (2022 excessive), bigger up development from 114.42 (2020 low) is predicted to renew via 164.29 at a later stage. Subsequent goal could be 169.96 (2008 excessive).
