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EUR/JPY Every day Outlook

eur/jpy-every-day-outlook

Every day Pivots: (S1) 157.59; (P) 158.04; (R1) 158.38; Extra…

Intraday bias in EUR/JPY stays impartial for the second. Danger will keep on the upside so long as 155.06 assist holds. On the upside, above 158.97 will resume the rebound from 153.15 to 100% projection of 153.15 to 158.55 from 155.06 at 160.46.

Within the greater image, value actions from 164.29 medium time period high are tentatively seen as a correction to rise from 139.05 for now. So long as 148.48 resistance turned assist holds (2022 excessive), bigger up pattern from 114.42 (2020 low) may nonetheless resume by way of 164.29 at a later stage.

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