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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 | Dec 22 14 08:04 GMT
With 148.23 minor resistance intact, correction from 149.76 is expected to extend lower. At this point, we'd expect strong support from 142.08, 50% retracement of 134.13 to 149.76 at 141.94, to contain downside and bring rebound. On the upside, above 148.23 minor resistance will turn bias back to the upside. But break of 149.76 is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term.
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EUR/JPY Weekly Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Dec 20 14 14:05 GMT
The correction from 149.76 continued last week. Initial bias in EUR/JPY remains mildly on the downside for deeper decline to 1 144.21 resistance turned support. At this point, we'd expect strong support from 142.08, 50% retracement of 134.13 to 149.76 at 141.94, to contain downside and bring rebound. On the upside, above 148.23 minor resistance will turn bias back to the upside. But break of 149.76 is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Dec 19 14 09:40 GMT
With 148.23 minor resistance intact, the corrections from 149.76 short term top is expected to continue lower. At this point, we'd expect strong support from 142.08, 50% retracement of 134.13 to 149.76 at 141.94, to contain downside and bring rebound. On the upside, above 148.23 minor resistance will turn bias back to the upside. But break of 149.76 is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term.
Read more...
 
EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Dec 18 14 07:32 GMT
With 148.23 minor resistance intact, the corrections from 149.76 short term top is expected to continue lower. At this point, we'd expect strong support from 142.08, 50% retracement of 134.13 to 149.76 at 141.94, to contain downside and bring rebound. On the upside, above 148.23 minor resistance will turn bias back to the upside. But break of 149.76 is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term.
Read more...
 
EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Dec 17 14 02:42 GMT
No change in EUR/JPY's outlook. Intraday bias remains on the downside and correction from 149.76 short term top is expected to continue lower. At this point, we'd expect strong support from 142.08, 50% retracement of 134.13 to 149.76 at 141.94, to contain downside and bring rebound. On the upside, above 148.23 minor resistance will turn bias back to the upside. But break of 149.76 is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term.
Read more...
 
EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Dec 16 14 04:25 GMT
EUR/JPY's corrective fall from 149.76 extended and reached as low as 146.16 so far. Intraday bias remains on the downside for 144.21 support. At this point, we'd expect strong support from 142.08, 50% retracement of 134.13 to 149.76 at 141.94, to contain downside and bring rebound. On the upside, above 148.23 minor resistance will turn bias back to the upside. But break of 149.76 is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term.
Read more...
 
EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Dec 15 14 07:35 GMT
No change in EUR/JPY's outlook. The correction from 149.76 short term top is expected to head lower to 144.21 and below. But at this point, we'd expect strong support from 142.08, 50% retracement of 134.13 to 149.76 at 141.94, to contain downside and bring rebound. On the upside, break of 149.76 is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term.
Read more...
 
EUR/JPY Weekly Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Dec 13 14 09:49 GMT
EUR/JPY's dip last week suggested short term topping at 149.13. Further decline would likely be seen to 144.21 resistance turned support. At this point, we'd expect strong support from 142.08, 50% retracement of 134.13 to 149.76 at 141.94, to contain downside and bring rebound. On the upside, break of 149.76 is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term.
Read more...
 
EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Dec 11 14 09:30 GMT
As noted before, a short term top is formed at 149.76 on bearish divergence condition in 4 hours MACD. Deeper decline would be seen to 144.21 support as the correction extends lower. At this point, we'd expect strong support from 142.08, 50% retracement of 134.13 to 149.76 at 141.94, to contain downside and bring rebound. On the upside, break of 149.76 is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term.
Read more...
 
EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Dec 10 14 02:49 GMT
The break of 147.02 support suggests that a short term top is formed at 149.76 on bearish divergence condition in 4 hours MACD. Intraday bias is mildly on the downside for 144.21 support. At this point, we'd expect strong support from 142.08, 50% retracement of 134.13 to 149.76 at 141.94, to contain downside and bring rebound. On the upside, break of 149.76 is needed to confirm rally resumption. Otherwise, we'd expect more corrective trading in near term.
Read more...
 
EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Dec 09 14 06:09 GMT
EUR/JPY retreated sharply after hitting 149.76. But at this point, further rise is still expected as long as 147.02 support holds. Above 149.76 will target next fibonacci level at 152.59. However, considering bearish divergence condition in 4 hours MACD, break of 147.02 will indicate near term reversal and could bring deeper pull back to 142.08/144.21 support zone.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Dec 08 14 06:31 GMT
Intraday bias in EUR/JPY remains on the upside for the moment. While upside momentum isn't too convincing as seen in daily MACD, further rise will remain in favor as long as 147.02 support holds. EUR/JPY should target next fibonacci level at 152.59.
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EUR/JPY Weekly Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Dec 06 14 03:21 GMT
EUR/JPY maintained itself above 4 hours 55 EMA last week and the late break of 149.13 resistance indicates up trend resumption. Initial bias is on the upside this week. While upside momentum isn't too convincing as seen in daily MACD, further rise will remain in favor as long as 147.02 support holds. EUR/JPY should target next fibonacci level at 152.59.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Dec 05 14 03:25 GMT
EUR/JPY continues to draw support from the rising 4 hours 55 EMA. But it's stay below 149.13 resistance for the moment. More consolidations could still be seen and another fall cannot be ruled out. But in that case, downside should be contained by 142.08/144.21 support zone and bring rally resumption. Break of 149.13 will extend the larger up trend to next fibonacci level at 152.59.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Dec 04 14 03:45 GMT
Outlook in EUR/JPY remains unchanged for the moment. The consolidation from 149.13 might extend lower. But in that case, downside should be contained by 142.08/144.21 support zone and bring rally resumption. Break of 149.13 will extend the larger up trend to next fibonacci level at 152.59.
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EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Dec 03 14 04:21 GMT
Outlook in EUR/JPY remains unchanged for the moment. The consolidation from 149.13 might extend lower. But in that case, downside should be contained by 142.08/144.21 support zone and bring rally resumption. Break of 149.13 will extend the larger up trend to next fibonacci level at 152.59.
Read more...
 
EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Dec 02 14 05:14 GMT
Outlook in EUR/JPY remains unchanged for the moment. The consolidation from 149.13 might extend lower. But in that case, downside should be contained by 142.08/144.21 support zone and bring rally resumption. Break of 149.13 will extend the larger up trend to next fibonacci level at 152.59.
Read more...
 
EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Dec 01 14 07:49 GMT
Outlook in EUR/JPY remains unchanged for the moment. The consolidation from 149.13 might extend lower. But in that case, downside should be contained by 142.08/144.21 support zone and bring rally resumption. Break of 149.13 will extend the larger up trend to next fibonacci level at 152.59.
Read more...
 
EUR/JPY Weekly Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Nov 29 14 07:31 GMT
EUR/JPY drew support from 4 hours 55 EMA and recovered last week. But overall outlook is unchanged. The consolidation from 149.13 might extend lower. But in that case, downside should be contained by 142.08/144.21 support zone and bring rally resumption. Break of 149.13 will extend the larger up trend to next fibonacci level at 152.59.
Read more...
 
EUR/JPY Daily Outlook Print E-mail
EURJPY Outlook | Written by ActionForex.com | Nov 28 14 04:03 GMT
No change in EUR/JPY's outlook. The correction from 149.13 could head lower to 144.21 resistance turned support. But we'd expect strong support from 142.08/144.21 support zone and bring rebound. Some consolidations should be seen in near term first but another rally is expected after that. Break of 149.13 will target next fibonacci level at 152.59.
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