|
EURJPY Outlook |
Written by ActionForex.com |
Jul 03 09 08:02 GMT |
|
|
As noted before, EUR/JPY's rebound from 131.41, which is treated as correction to fall from 139.21 only, is likely completed at 136.87. Intraday bias is mildly on the downside for the moment and break of 133.36 support will add much credence to this case and target 131.41 low next. On the upside, above 135.44 minor resistance will flip intraday bias back to the upside but after all, we're still expecting the rise from 131.41 to be limited below 139.21. |
|
Read more...
|
|
|
EURJPY Outlook |
Written by ActionForex.com |
Jul 02 09 13:58 GMT |
|
|
EUR/JPY's break of 135.50 minor support suggests that an intraday top is at least formed. As mentioned before, we treats the rebound form 131.41 as a correction to fall from 139.21 only and hence, such correction might have completed at 136.87 too. Break of 133.36 support will add much credence to this case and target 131.41 low next. On the upside, above 13.87 will flip intraday bias back to the upside but after all, we're still expecting the rise from 131.41 to be limited below 139.21. |
|
Read more...
|
|
|
EURJPY Outlook |
Written by ActionForex.com |
Jul 02 09 09:21 GMT |
|
|
Intraday bias in EUR/JPY remains on the upside with 135.50 minor support intact and further rally is still in favor towards 139.21 high. However, we're still preferring the case that such rebound is merely a correction and hence expect upside to be limited below 139.21 and bring fall resumption. On the downside, below 135.50 will turn intraday outlook neutral first. Further break of 133.36 will indicate that rebound from 131.41 has completed and will put focus back to this low. |
|
Read more...
|
|
|
EURJPY Outlook |
Written by ActionForex.com |
Jul 01 09 15:22 GMT |
|
|
EUR/JPY's rise extends further to 136.87 so far in early US session and intraday bias remains on the upside as long as 135.50 minor support holds. Further rally is still in favor towards 139.21 high. However, we're still preferring the case that such rebound is merely a correction and hence expect upside to be limited below 139.21 and bring fall resumption. On the downside, below 135.50 will turn intraday outlook neutral first. Further break of 133.36 will indicate that rebound from 131.41 has completed and will put focus back to this low. |
|
Read more...
|
|
|
EURJPY Outlook |
Written by ActionForex.com |
Jul 01 09 07:43 GMT |
|
|
EUR/JPY's rebound from 131.41 extends further to as high as 136.35 so far today and at this point, intraday bias remains on the upside as long as 135.02 minor support holds. Further rally should still be see towards 139.21 high but we'd still prefer to seen upside to be limited below there and bring fall resumption. However, break of 139.21 will indicate that medium term up trend has resumed. On the downside, below 135.02 will turn intraday outlook neutral first. Further break of 133.36 will indicate that rebound from 131.41 has completed and will put focus back to this low. |
|
Read more...
|
|
|
EURJPY Outlook |
Written by ActionForex.com |
Jun 30 09 08:31 GMT |
|
|
EUR/JPY's break of 135.15 resistance suggests that fall from 139.21 has completed at 131.41 already. Intraday bias is flipped to the upside and further rise could be seen. But we'd still slightly prefer the current rebound to be limited below 139.21 high and bring fall resumption. On the downside, below 133.36 will suggest that rebound from 131.41 has completed and will turn bias back to the downside for 131.41 low first. |
|
Read more...
|
|
|
EURJPY Outlook |
Written by ActionForex.com |
Jun 29 09 09:19 GMT |
|
|
EUR/JPY weakens mildly today but after all it's still staying in range of 132.97 and 135.15. With 135.15 resistance, another fall is still in favor. Below 132.97 minor support will flip intraday bias back to the downside for 131.41 low first. On the upside, break of 135.15 will indicate that fall fro 139.21 has possibly completed and on the other hand, medium term rally may still be in progress. Hence, in such case, further rise should be seen to 139.20 resistance or above. |
|
Read more...
|
|
|
EURJPY Outlook |
Written by ActionForex.com |
Jun 27 09 14:38 GMT |
|
|
EUR/JPY dived to as low as 131.41 last week but once again drew support form medium term rising trend line and recovered. However, note that such recovery is still limited below 135.15 resistance and hence, another fall is still in favor. Below 132.97 minor support will flip intraday bias back to the downside for 131.41 low first. On the upside, break of 135.15 will indicate that fall fro 139.21 has possibly completed and on the other hand, medium term rally may still be in progress. Hence, in such case, further rise should be seen to 139.20 resistance or above. |
|
Read more...
|
|
|
EURJPY Outlook |
Written by ActionForex.com |
Jun 26 09 09:23 GMT |
|
|
EUR/JPY is still staying in tight range below 135.15 and outlook remains neutral for the moment. However, note that a break of 135.15 resistance will suggests that fall from 139.21 has completed with a head and shoulder bottom. In such case, strong rally should be seen to 139.21 high and above. On the downside, below 132.97 minor support will argue that rebound from 131.41 has completed and EUR/JPY test medium term trend line support again. Sustained trading below the mentioned trend line will be an important indication of medium term reversal and should bring deeper fall to next key support level at 124.35. |
|
Read more...
|
|
|
EURJPY Outlook |
Written by ActionForex.com |
Jun 25 09 09:45 GMT |
|
|
EUR/JPY is still staying in tight range below 135.15 and outlook remains neutral for the moment. However, note that a break of 135.15 resistance will suggests that fall fro 139.21 has completed with a head and shoulder bottom. In such case, strong rally should be seen to 139.21 high and above. On the downside, below 132.97 minor support will argue that rebound from 131.41 has completed and EUR/JPY test medium term trend line support again. Sustained trading below the mentioned trend line will be an important indication of medium term reversal and should bring deeper fall to next key support level at 124.35. |
|
Read more...
|
|
|
EURJPY Outlook |
Written by ActionForex.com |
Jun 24 09 09:35 GMT |
|
|
EUR/JPY continues to stay in range of 135.15 and 131.41 today and outlook remains neutral for the moment. On the upside, above 135.15 will suggest that fall from 139.21 has completed after drawing support from medium term rising trend line again. Retest of 139.21 should be seen. But before that, another fall is still in favor. Below 131.41 and sustained trading below the mentioned trend line will be an important indication of medium term reversal and should bring deeper fall to next key support level at 124.35. |
|
Read more...
|
|
|
EURJPY Outlook |
Written by ActionForex.com |
Jun 23 09 15:08 GMT |
|
|
EUR/JPY rebound strongly after drawing support from medium term trend line again and break of 133.22 minor resistance indicates that an intraday low is in place. Outlook is turned neutral for the moment. But after all, break of 135.15 resistance is needed to indicate that fall from 139.21 has completed. Otherwise, short term outlook will remain bearish. Below 131.41 and sustained trading below the mentioned trend line will be an important indication of medium term reversal and should bring deeper fall to next key support level at 124.35. |
|
Read more...
|
|
|
EURJPY Outlook |
Written by ActionForex.com |
Jun 23 09 08:35 GMT |
|
|
EUR/JPY falls further to as low as 131.41 today so far and is now pressing key medium term trend line support. At this point, intraday bias remains on the downside as long as 133.22 minor resistance holds. Sustained trading below the trend line support will be an important indication of medium term reversal and should target bring deeper fall to next key support level at 124.35. On the upside, above 133.22 will turn intraday outlook neutral first and bring consolidation. But break of 135.15 resistance is needed to indicate that fall from 139.21 has completed. Otherwise, short term outlook will remain bearish. |
|
Read more...
|
|
|
EURJPY Outlook |
Written by ActionForex.com |
Jun 22 09 09:35 GMT |
|
|
With 4 hours MACD dragged below signal line, recovery from 132.34 should be completed. Intraday bias is flipped back to the downside and break of 132.34 low should target a test of trend line support at 131.22. Break there will target key support level at 124.35 next. On the upside, note that above 135.15 resistance will argue that fall from 139.21 has completed and will turn bias to the upside for retesting 139.21 high. |
|
Read more...
|
|
|
EURJPY Outlook |
Written by ActionForex.com |
Jun 20 09 10:03 GMT |
|
|
EUR/JPY dived to as low as 132.34 last week before recovering from there. But since such recovery is still limited by 135.36 minor resistance, we're favoring the case for decline resumption from 139.21. Below 132.34 will target trend line support at 131.15 next and break will target key support level at 124.35. On the upside, above 135.36 will flip intraday bias to the upside and suggests that fall from 139.21 might be completed. Further break of 138.27 resistance will indicate that recent up trend in EUR/JPY is indeed still in progress. |
|
Read more...
|
|
|
EURJPY Outlook |
Written by ActionForex.com |
Jun 19 09 09:14 GMT |
|
|
EUR/JPY's recovery from 132.34 is still in progress. But after all another fall is still in favor as long as 135.36 minor resistance holds. Below 132.34 will bring decline resumption to trend line support (now at 131.04) next. On the upside, above 135.36 will flip intraday bias back to the upside. Break of 138.27 resistance will indicate that recent up trend in EUR/JPY is indeed still in progress. |
|
Read more...
|
|
|
EURJPY Outlook |
Written by ActionForex.com |
Jun 18 09 09:40 GMT |
|
|
EUR/JPY recovers mildly after reaching 132.34 and with 4 hours MACD crossed above signal line, intraday outlook is turned neutral for the moment. Some consolidation might be seen but another fall is still in favor. But another fall is still in favor as long as 135.36 minor resistance holds. Below 132.34 will target trend line support (now at 130.81) next. On the upside, above 135.36 will flip intraday bias back to the upside. Break of 138.27 resistance will indicate that recent up trend in EUR/JPY is indeed still in progress. |
|
Read more...
|
|
|
EURJPY Outlook |
Written by ActionForex.com |
Jun 17 09 07:42 GMT |
|
|
EUR/JPY edges lower to 132.55 earlier today before recovering. Break of 132.72 minor low suggests that fall from 139.21 is resuming and at this point, intraday bias remains mildly on the downside as long as 135.36 minor resistance holds. Further decline should be seen to medium term trend line support (now at 130.60) next. On the upside, above 135.36 will bring more consolidation first but risk remains on the downside as long as 138.27 resistance holds. |
|
Read more...
|
|
|
EURJPY Outlook |
Written by ActionForex.com |
Jun 16 09 14:31 GMT |
|
|
EUR/JPY recovers strongly after falling to as low as 132.72 earlier today and touching of 135.03 minor resistance suggests that an intraday low is in place. Intraday outlook is turned neutral for the moment and some consolidation should be seen. Nevertheless, the bearish case is still in favor. That is, a short term top is at least formed, with bearish divergence conditions in 4 hours MACD and RSI. Below 132.72 will bring deeper decline to medium term trend line support (now at 130.60). However, above 138.27 resistance will invalidate this view and indicate that EUR/JPY's up trend is still in progress. |
|
Read more...
|
|
