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Action Insight: EURJPY Technical Outlook

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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Feb 10 16 08:15 GMT
EUR/JPY recovered after dipping to 128.26 and intraday bias is turned neutral again. Outlook is rather mixed for the near term. Fall from 141.04 looks corrective and should have completed just ahead of 126.09 support. But subsequent rebound was disappointing. We'll stay neutral for the moment. On the upside, break of 132.36 will affirm the case of near term reversal and turn outlook bullish. However, decisive break of 126.09 will carry larger bearish indications.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Feb 09 16 05:12 GMT
The break of 129.07 minor support indicates that rebound from 126.16 is already finished at 132.36. Intraday bias is back on the downside for 126.09 low. Decisive break there will carry larger bearish implications. On the upside, above 130.02 minor resistance will turn intraday bias neutral again.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Feb 08 16 09:46 GMT
Intraday bias in EUR/JPY remains neutral for the moment. Another rise is expected as long as 129.07 resistance turned support holds. We'd sticking to the view that fall from 141.04 is completed at 126.16 already. Above 132.36 will pave the way back to 141.04 resistance again. However, break of 129.07 will turn focus back to 126.09 low.
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EUR/JPY Weekly Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Feb 06 16 14:50 GMT
EUR/JPY stayed in consolidative trading below 132.36 last week. Initial bias stays neutral this week first. Another rise is expected as long as 129.07 resistance turned support holds. We'd staying to the view that fall from 141.04 is completed at 126.16 already. Above 132.36 will pave the way back to 141.04 resistance again. However, break of 129.07 will turn focus back to 126.09 low.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Feb 04 16 10:20 GMT
Intraday bias in EUR/JPY remains neutral for consolidation below 132.36 temporary top. Another rise is expected as long as 129.07 resistance turned support holds. Above 132.36 will pave the way back to 141.04 resistance again. However, break of 129.07 will turn focus back to 126.09 low.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Feb 03 16 08:36 GMT
A temporary top is in palce at 132.36 in EUR/JPY and intraday bias is turned neutral first. Another rise is expected as long as 129.07 resistance turned support holds. Above 132.36 will pave the way back to 141.04 resistance again. However, break of 129.07 will turn focus back to 126.09 low.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Feb 02 16 10:45 GMT
Intraday bias in EUR/JPY remains on the upside for the moment. Rebound from 126.16 should target 134.58 resistance first. Sustained break there would pave the back back to 141.04 resistance again. Below 130.22 minor support will turn bias neutral bring consolidations first.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Feb 01 16 08:42 GMT
Intraday bias in EUR/JPY remains on the upside for the moment. Rebound from 126.16 should target 134.58 resistance first. Sustained break there would pave the back back to 141.04 resistance again. Below 130.22 minor support will turn bias neutral bring consolidations first
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EUR/JPY Weekly Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Jan 30 16 08:25 GMT
EUR/JPY's strong rally last week indicates that choppy decline from 141.04 has completed at 126.16 already. Initial bias remains on the upside this week for 134.58 resistance first. Sustained break there would pave the back back to 141.04 resistance again. Below 130.22 minor support will turn bias neutral bring consolidations first.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Jan 29 16 09:15 GMT
The rebound from 126.16 extends today and intraday bias remains on the upside. The strong break of 55 days EMA affirms the case of bear term reversal. Further rise should be seen to 134.58 first. Break would pave the way to 141.04 resistance again. Below 130.22 minor support will turn bias neutral bring consolidations first.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Jan 28 16 03:30 GMT
The break of 129.07 minor resistance suggests near term reversal ahead of 126.09 key support level. Rebound from 126.16 should now target 55 days EMA (now at 130.57). Sustained break will target 134.58 resistance next. In case of retreat, we'd stay cautious on strong support from 126.09 to bring rebound.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Jan 27 16 03:59 GMT
Intraday bias in EUR/JPY remains neutral for the moment. We'll stay cautious on strong support from 126.09 and bring rebound. Break of 129.07 minor resistance will turn bias to the upside for 134.58 resistance first. However, sustained break of 126.09 will carry larger bearish implications.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Jan 26 16 08:29 GMT
Intraday bias in EUR/JPY remains neutral for the moment. We'll stay cautious on strong support from 126.09 and bring rebound. Break of 129.07 minor resistance will turn bias to the upside for 134.58 resistance first. However, sustained break of 126.09 will carry larger bearish implications.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Jan 25 16 11:34 GMT
Intraday bias in EUR/JPY remains neutral for the moment. . We'll stay cautious on strong support from 126.09 and bring rebound. Break of 129.07 minor resistance will turn bias to the upside for 134.58 resistance first. However, sustained break of 126.09 will carry larger bearish implications.
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EUR/JPY Weekly Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Jan 23 16 10:58 GMT
EUR/JPY dipped to 126.16 but recovery quickly. We'll stay cautious on strong support from 126.09 and bring rebound. Break of 129.07 minor resistance will turn bias to the upside for 134.58 resistance first. However, sustained break of 126.09 will carry larger bearish implications.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Jan 22 16 10:05 GMT
At this point, we'll stay cautious on strong support from 126.09 and bring rebound. Break of 129.07 support turned resistance will turn bias to the upside for 134.58 resistance first. However, sustained break of 126.09 will carry larger bearish implications.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Jan 21 16 04:27 GMT
Further decline is still expected as long as 129.07 resistance turned support holds. However, we'll stay cautious on strong support from 126.09 and bring rebound. Break of 129.07 support turned resistance will turn bias to the upside for 134.58 resistance first. However, sustained break of 126.09 will carry larger bearish implications.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Jan 20 16 07:07 GMT
Intraday bias in EUR/JPY remains neutral for consolidations above 126.77 temporary low. Further decline is still expected as long as 129.66 resistance turned support holds. However, we'll stay cautious on strong support from 126.09 and bring rebound. Break of 129.66 support turned resistance will turn bias to the upside for 134.58 resistance first. However, sustained break of 126.09 will carry larger bearish implications.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Jan 19 16 02:44 GMT
Intraday bias in EUR/JPY remains neutral for consolidations above 126.77 temporary low. Further decline is still expected as long as 129.66 resistance turned support holds. However, we'll stay cautious on strong support from 126.09 and bring rebound. Break of 129.66 support turned resistance will turn bias to the upside for 134.58 resistance first. However, sustained break of 126.09 will carry larger bearish implications.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Jan 18 16 07:24 GMT
Intraday bias in EUR/JPY remains neutral for consolidations above 126.77 temporary low. Further decline is still expected as long as 129.66 resistance turned support holds. However, we'll stay cautious on strong support from 126.09 and bring rebound. Break of 129.66 support turned resistance will turn bias to the upside for 134.58 resistance first. However, sustained break of 126.09 will carry larger bearish implications.
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