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EUR/JPY Each day Outlook


Each day Pivots: (S1) 155.31; (P) 156.28; (R1) 157.02; Extra….

Outlook in EUR/JPY is unchanged and intraday bias stays impartial. On the upside, decisive break of 157.99/158.03 will resume bigger up pattern to 162.82 projection stage subsequent. Nonetheless, break of 155.10 will lengthen the corrective sample from 157.99 with one other falling leg as an alternative.

Within the larger 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. Nonetheless, sustained break of 151.60 will argue that bigger correction is already underway. Deeper decline could be seen to 55 W EMA (now at 145.56).

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