Wed, Mar 20, 2019 @ 16:02 GMT

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.17; (P) 126.39; (R1) 126.70; More….

EUR/JPY’s rebound from 124.27 resumes today and focus back on 127.50 resistance. Decisive break there will resume whole rise from 118.62 and target 129.50 resistance next. In case of another fall, near term outlook will remain bullish as long as 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) holds.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

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EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.09; (P) 126.40; (R1) 126.65; More….

Intraday bias in EUR/JPY remains neutral for the moment. Overall, with 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) intact, near term bullish ness is retained. On the upside, break of 127.50 will target 129.50 resistance next. On the downside, however, decisive break of 124.10/23 should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01 and below. In this case, the chance of resuming larger down trend will also increase.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

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EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.05; (P) 126.32; (R1) 126.51; More….

Intraday bias in EUR/JPY remains neutral first as upside momentum is week as seen in 4 hour MACD. Overall, with 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) intact, near term bullish ness is retained. On the upside, break of 127.50 will target 129.50 resistance next. On the downside, however, decisive break of 124.10/23 should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01 and below. In this case, the chance of resuming larger down trend will also increase.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

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EUR/JPY Weekly Outlook

EUR/JPY’s strong rebound last suggests that pull back from 127.50 has completed at 124.17. With 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) intact, near term bullish ness is retained. Though, as EUR/JPY lost momentum as seen in 4 hour MACD, initial bias is neutral this week first. On the upside, break of 127.50 will target 129.50 resistance next. On the downside, however, decisive break of 124.10/23 should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01 and below. In this case, the chance of resuming larger down trend will also increase.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Fall from 137.49 is seen as a falling leg inside the pattern and could have completed. Break of 133.12 resistance will likely send EUR/JPY through 137.49 towards 149.76 (2014 high).

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EUR/JPY Daily Outlook

Daily Pivots: (S1) 125.92; (P) 126.25; (R1) 126.60; More….

Intraday bias in EUR/JPY remains on the upside for 127.50 resistance. With 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) intact, rise from 118.61 is in favor to extend. On the upside, break of 127.50 will target 129.50 resistance next. On the downside, however, decisive break of 124.10/23 should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01 and below. In this case, the chance of resuming larger down trend will also increase.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

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EUR/JPY Daily Outlook

Daily Pivots: (S1) 125.55; (P) 125.81; (R1) 126.17; More….

EUR/JPY’s rebound is still in progress and intraday bias stays mildly on the upside for 127.50 resistance. With 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) intact, rise from 118.61 is in favor to extend. On the upside, break of 127.50 will target 129.50 resistance next. On the downside, however, decisive break of 124.10/23 should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01 and below. In this case, the chance of resuming larger down trend will also increase.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

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EUR/JPY Daily Outlook

Daily Pivots: (S1) 125.18; (P) 125.51; (R1) 126.00; More….

Intraday bias in EUR/JPY remains mildly on the upside for the moment. Pull back from 127.50 could have completed at 124.27. With 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) intact, rise from 118.61 is in favor to extend. On the upside, break of 127.50 will target 129.50 resistance next. On the downside, however, decisive break of 124.10/23 should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01 and below. In this case, the chance of resuming larger down trend will also increase.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

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EUR/JPY Daily Outlook

Daily Pivots: (S1) 124.62; (P) 124.91; (R1) 125.36; More….

EUR/JPY’s break of 125.34 minor resistance argues that pull back from 127.50 has completed at 124.27, after defending 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10).Ner term bullishness is so far retained. Intraday bias is turned back to the upside for retesting 127.50 resistance first. On the downside, however, decisive break of 124.10/23 should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01 and below. In this case, the chance of resuming larger down trend will also increase.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

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EUR/JPY Daily Outlook

Daily Pivots: (S1) 124.42; (P) 124.73; (R1) 125.20; More….

Intraday bias in EUR/JPY remains neutral first. On the downside, decisive break of 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01 and below. In this case, the chance of resuming larger down trend will also increase. On the upside, though, break of 125.34 minor resistance after defending 124.10/23 will retain near term bullishness. Intraday bias will be turned back to the upside for retesting 127.50 first.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

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EUR/JPY Weekly Outlook

EUR/JPY dropped sharply to as low as 124.27 last week but recovered since then. Initial bias is turned neutral this week first, with focus on 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10). Decisive break there should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01 and below. In this case, the chance of resuming larger down trend will also increase. On the upside, though, break of 125.34 minor resistance after defending 124.10/23 will retain near term bullishness. Intraday bias will be turned back to the upside for retesting 127.50 first.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Fall from 137.49 is seen as a falling leg inside the pattern and could have completed. Break of 133.12 resistance will likely send EUR/JPY through 137.49 towards 149.76 (2014 high).

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EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.15; (P) 126.41; (R1) 126.63; More….

EUR/JPY’s fall from 127.50 extends to as low as 124.27 so far today. Focus is now immediately on 124.23 cluster support 38.2% retracement of 118.62 to 127.50 at 124.10). Decisive break there should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01. In this case, the chance of resuming larger down trend will also increase. On the upside, though, break of 125.34 minor resistance after defending 124.10/23 will retain near term bullishness. Intraday bias will be turned back to the upside for retesting 127.50 first.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

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EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.15; (P) 126.41; (R1) 126.63; More….

Intraday bias in EUR/JPY remains neutral as consolidation from 127.50 temporary top is extending. In case of deeper retreat, downside should be contained by 124.23/125.95 support zone to bring rise resumption. On the upside, break of 127.50 will resume the rally from 118.62 towards 61.8% retracement of 137.49 to 118.62 at 130.28 next.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case and turn focus back to 118.62 instead.

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EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.26; (P) 126.61; (R1) 126.86; More….

EUR/JPY is staying in consolidation from 127.50 temporary top and intraday bias remains neutral. In case of deeper retreat, downside should be contained by 124.23/125.95 support zone to bring rise resumption. On the upside, break of 127.50 will resume the rally from 118.62 towards 61.8% retracement of 137.49 to 118.62 at 130.28 next.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case and turn focus back to 118.62 instead.

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EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.31; (P) 126.84; (R1) 127.25; More….

A temporary top is in place at 127.50 with current retreat. Intraday bias in EUR/JPY is turned neutral for some consolidations. In case of deeper retreat, downside should be contained by 124.23/125.95 support zone to bring rise resumption. On the upside, break of 127.50 will resume the rally from 118.62 towards 61.8% retracement of 137.49 to 118.62 at 130.28 next.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case and turn focus back to 118.62 instead.

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EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.71; (P) 127.11; (R1) 127.61; More….

Intraday bias in EUR/JPY remains on the upside with 126.60 minor support intact. Current rally from 118.62 should target 61.8% retracement of 137.49 to 118.62 at 130.28 next. On the downside, break of 126.60 minor support will turn intraday bias neutral and bring consolidations first. But downside of retreat should be contained by 124.23/125.95 support zone to bring rise resumption.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case and turn focus back to 118.62 instead.

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EUR/JPY Weekly Outlook

EUR/JPY rose strongly to as high as 127.50 last week before closing at 127.19, as rise from 118.62 extended and accelerated. Initial bias remains on the upside for 61.8% retracement of 137.49 to 118.62 at 130.28 next. On the downside, break of 126.60 minor support will turn intraday bias neutral and bring consolidations first. But downside of retreat should be contained by 124.23/125.95 support zone to bring rise resumption.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case and turn focus back to 118.62 instead.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Fall from 137.49 is seen as a falling leg inside the pattern and could have completed. Break of 133.12 resistance will likely send EUR/JPY through 137.49 towards 149.76 (2014 high).

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EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.06; (P) 126.48; (R1) 127.08; More….

Intraday bias in EUR/JPY remains on the upside. Current rise from 118.62 low should target 129.25 resistance next. Decisive break there will target 133.12 key resistance. On the downside, below 125.89 minor support will turn intraday bias neutral first. But near term outlook will remain cautiously bullish as long as 124.23 support hoods.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed at 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case and turn focus back to 118.62 instead.

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EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 125.70; (P) 126.03; (R1) 126.52; More….

EUR/JPY’s solid break of 126.30 suggests resumption of rise from 118.62. Also, with 55 day EMA now firmly taken out, further rise should be seen to 129.25 resistance next. Decisive break there will target 133.12 key resistance. On the downside, below 125.89 minor support will turn intraday bias neutral first. But near term outlook will remain cautiously bullish as long as 124.23 support hoods.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed at 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case and turn focus back to 118.62 instead.

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EUR/JPY Daily Outlook

Daily Pivots: (S1) 125.70; (P) 126.03; (R1) 126.52; More….

Intraday bias EUR/JPY stays neutral first. On the downside, break of 124.23 support will suggest completion of rebound from 118.62 after rejection by 55 day EMA. Deeper fall would then be seen back to retest 118.62 low. However, decisive break of 126.30 will dampen our bearish view and target 129.25 resistance next.

In the bigger picture, medium term rebound from 109.03 (2016 low) has completed at 137.49 (2018 high) already, with corrective structure. Fall from 137.49 is likely still in progress. Decisive break of 118.62 will target 161.8% projection of 137.49 to 124.61 from 133.12 at 112.28, which is inside 109.03/114.84 support zone. This will remain the favored case as long as 129.25 resistance holds.

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EUR/JPY Daily Outlook

Daily Pivots: (S1) 125.70; (P) 125.97; (R1) 126.21; More….

Intraday bias in EUR/JPY remains neutral for the moment. On the downside, break of 124.23 support will suggest completion of rebound from 118.62 after rejection by 55 day EMA. Deeper fall would then be seen back to retest 118.62 low. However, decisive break of 126.30 will dampen our bearish view and target 129.25 resistance next.

In the bigger picture, medium term rebound from 109.03 (2016 low) has completed at 137.49 (2018 high) already, with corrective structure. Fall from 137.49 is likely still in progress. Decisive break of 118.62 will target 161.8% projection of 137.49 to 124.61 from 133.12 at 112.28, which is inside 109.03/114.84 support zone. This will remain the favored case as long as 129.25 resistance holds.

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