Each day Pivots: (S1) 155.24; (P) 156.08; (R1) 156.78; Extra….
Intraday bias in EUR/JPY stays mildly on the draw back at this level. Correction from 157.99 quick time period prime ought to lengthen to 154.03 assist or beneath. However general outlook will keep bullish so long as 151.60 resistance turned assist holds. Bigger rally remains to be anticipated to renew by means of 157.99 after the correction completes. On the upside, above 157.18 minor resistance will carry retest of 157.99 excessive first.
Within the greater 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. Nonetheless, sustained break of 151.60 will argue that bigger correction is already underway.
