Each day Pivots: (S1) 164.98; (P) 165.36; (R1) 166.09; Extra…
Intraday bias in EUR/JPY stays on the upside for the second. Present up development ought to goal 169.96 key resistance subsequent. On the draw back, break of 164.39 minor assist will flip intraday bias impartial once more first. However outlook will proceed to remain bullish so long as 162.26 assist holds, in case of retreat.
Within the greater image, present rally is a part of the up development from 114.42 (2020 low), which continues to be in progress. Subsequent goal is 169.96 (2008 excessive). Break of 160.20 assist is required to be the primary signal of medium time period topping. In any other case, outlook will keep bullish in case of retreat.
