Every day Pivots: (S1) 158.95; (P) 159.69; (R1) 160.32; Extra….
Intraday bias in EUR/JPY is turned impartial with present retreat. Some consolidations might be seen under 160.84 however outlook will keep bullish so long as 157.67 help holds. Break of 160.84 will resume bigger rally to 163.06 projection stage subsequent.
Within the larger image, rise from 114.42 (2020 low) is in progress. Subsequent goal is 100% projection of 124.37 to 148.38 from 139.05 at 163.06. On the draw back, break of 154.32 help is required to be the primary signal of medium time period topping. In any other case, outlook will stay bullish even in case of deep pullback.
