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EURJPY Outlook |
Written by ActionForex.com |
May 09 08 08:21 GMT |
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EUR/JPY turns sideway after reaching as low as 159.05. Though, intraday bias remains on the downside as long as 161.0 minor resistance holds. Further fall is in favor to be seen to key near term support at 158.24 support (50% retracement of 151.71 to 164.97 at 158.34). Break of 158.24 support will confirm that rally from 151.71 has completed bring deeper decline towards the lower end of the medium term range near to 151.71. On the upside, above 161.00 minor resistance will turn intraday outlook neutral first. But another fall is still in favor as long as recovery is limited below 163.11 resistance. |
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EURJPY Outlook |
Written by ActionForex.com |
May 08 08 08:30 GMT |
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EUR/JPY's failure to take out 162.98 resistance decisively and subsequent break of 160.58 support on a sharp fall indicates that decline from 164.97 has resumed. Focus is now on mentioned 158.24 support (50% retracement of 151.71 to 164.97 at 158.34). Break of 158.24 support will confirm that rally from 151.71 has completed bring deeper decline towards the lower end of the medium term range near to 151.71. On the upside, above 161.00 minor resistance will turn intraday outlook neutral first. But another fall is still in favor as long as recovery is limited below 163.11 resistance. |
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EURJPY Outlook |
Written by ActionForex.com |
May 07 08 08:25 GMT |
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EUR/JPY regains some strength in early European session and is taking on 162.98 resisetance again. break above 162.98 resistance again will confirm that corrective fall from 164.97 has completed and bring stronger rise to retest 164.97. However, below 160.58 again will indicate that fall from 164.97 has resumed for 158.24 cluster support. |
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EURJPY Outlook |
Written by ActionForex.com |
May 06 08 15:44 GMT |
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EUR/JPY's rebound from 160.58 is so far still limited by 162.98 resistance and is bounded in tight range today. Outlook remainsn neutral for the moment. On the upside, break above 162.98 resistance again will confirm that corrective fall from 164.97 has completed and bring stronger rise to retest 164.97. However, below 160.58 again will indicate that fall from 164.97 has resumed for 158.24 cluster support. |
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EURJPY Outlook |
Written by ActionForex.com |
May 05 08 08:07 GMT |
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As discussed before, with 4 hours MACD staying above signal line, and mild bullish convergence condition in 4 hours MACD and RSI, the corrective fall from 164.97 could have completed at 160.58 already. Intraday outlook is neutral for the moment. Break of 162.98 resistance will confirm this case and bring stronger rise to retest 164.97. However, below 160.58 again will indicate that fall from 164.97 has resumed for 158.24 cluster support. |
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EURJPY Outlook |
Written by ActionForex.com |
May 03 08 19:20 GMT |
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After dipping to 160.58, EUR/JPY recovers strongly and is now pressing 4 hours 55 EMA. (now at 162.45). With 4 hours MACD crossed abvoe signal line, an mild bullish convergence condition in 4 hours RSI, fall from 164.97 could have completed at 160.58 already. Initial bias is neutral this week. Berak of 162.98 resistance will confirm this case and bring stronger rise to 164.97. However, below 160.58 again will indicate that fall from 164.97 has resumed for 158.24 cluster support. |
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EURJPY Outlook |
Written by ActionForex.com |
May 01 08 08:51 GMT |
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EUR/JPY weakens again in European session after recovery was limited by 4 hours 55 EMA. At this point, intraday bias remains on the downside as long as 162.27 minor resistance holds. As discussed before, sustained trading below the short term rising trend line is treated as the first signal that whole rise from 151.71 has completed. Further decline should now be seen towards 158.24 cluster support (50% retracement of 151.71 to 164.97 at 158.34) first. Break will confirm this case and bring deeper decline towards the lower end of the medium term range near to 151.71. On the upside, above 162.27 will indicate that some more sideway trading would be seen before another fall. |
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EURJPY Outlook |
Written by ActionForex.com |
Apr 30 08 08:33 GMT |
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EUR/JPY's fall from 164.97 extends further to as low as 161.10 before recovering mildly. At this point, intraday bias remains on the downside as long as 162.84 minor resistance holds. Break of the short term rising trend line (now at 162.94) is treated as the first signal that whole rise from 151.71 has completed. Further decline could now be seen towards 158.24 cluster support (50% retracement of 151.71 to 164.97 at 158.34) first. Break will confirm this case and bring deeper decline towards the lower end of the medium term range near to 151.71. On the upside, above 162.84 will turn intraday outlook neutral first. |
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EURJPY Outlook |
Written by ActionForex.com |
Apr 29 08 08:04 GMT |
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EUR/JPY's fall from 164.97 resumes in early European by diving further to as low as 162.15. Break of the short term rising trend line (now at 162.62) is treated as the first signal that whole rise from 151.71 has completed. At this point, intraday bias remains on the downside as long as 163.23 minor resistance holds. Further decline could be seen towards 158.24 cluster support (50% retracement of 151.71 to 164.97 at 158.34) first. Break will confirm this case and bring deeper decline towards the lower end of the medium term range near to 151.71. On the upside, above 163.23 will turn intraday outlook neutral first. |
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EURJPY Outlook |
Written by ActionForex.com |
Apr 28 08 08:27 GMT |
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EUR/JPY's retreat from 164.97 extended further to 162.55 and recovers mildly since then. As discussed before, an intraday top is in place at 164.97 with 4 hours MACD staying below signal line. Further pull back could still be seen. However, rise from 151.71 should still be in force as long as the inner rising trend line support (now at 162.24) holds. Above 163.82 will suggest that retreat from 164.97 has completed and bring rally resumption towards upper end of the medium term range near to 168.93 high. |
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EURJPY Outlook |
Written by ActionForex.com |
Apr 27 08 06:21 GMT |
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EUR/JPY's rally from 151.71 extended to as high as 164.97 but was limited by upper trend line resisetance (now at 165.18) and retreats mildly since then. An intraday top is in place at 164.97 with 4 hours MACD staying below signal line. Hence, intial bias remains on the downside and further pull back could be seen. However, rise from 151.71 should still be in force as long as the inner rising trend line support (now at 161.88) holds. Above 163.81 will suggest that retreat from 164.97 has completed and bring rally resumption towards upper end of the medium term range near to 168.93 high. |
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EURJPY Outlook |
Written by ActionForex.com |
Apr 25 08 07:08 GMT |
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EUR/JPY's retreat from 164.97 extends further to 162.89, touching 4 hours 55 EMA (now at 162.99) before recovering mildly. As discussed before, an intraday top is in place at 164.97 and at this point, intraday bias remains mildly on the downside as long as 164.50 minor resistance holds, further decline could be seen to inner rising trend line support (now at 161.78). Though, break of 158.24 is need to indicate rise from 151.71 has completed. Otherwise, further rally is still in favor after pull back. On the upside, above 164.50 will indicate pull back from 164.97 has possibly completed and will flip intraday bias back to the upside. |
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EURJPY Outlook |
Written by ActionForex.com |
Apr 24 08 08:21 GMT |
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Despite edging higher to 164.97, EUR/JPY continues to lack upside momentum with 4 hours MACD staying below signal line. The cross retreats again in European session. Intraday outlook remains neutral for the moment. and further pull back could be seen to 4 hours 55 EMA (now at 162.84). But still, break of 158.24 is need to indicate rise from 151.71 has completed. Otherwise, further rally is still in favor after pull back. On the upside, above 164.97 will indicate rally from 151.71 has resumed for upper side of the medium term range near to 168.93. |
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EURJPY Outlook |
Written by ActionForex.com |
Apr 23 08 07:50 GMT |
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EUR/JPY's sideway trading form 164.86 continues today and with 4 hours MACD staying below signal line, an intraday top could be in place after meeting 1.8% projection of 151.71 to 161.71 from 158.24 at 164.42. Further pull back could be seen to 4 hours 55 EMA (now at 162.40). But still, break of 158.24 is need to indicate rise from 151.71 has completed. Otherwise, further rally is still in favor after pull back. On the upside, above 164.86 will indicate rally from 151.71 has resumed for upper side of the medium term range near to 168.93. |
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EURJPY Outlook |
Written by ActionForex.com |
Apr 22 08 08:15 GMT |
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EUR/JPY's sideway trading form 164.86 continues today and with 4 hours MACD staying below signal line, an intraday top could be in place after meeting 1.8% projection of 151.71 to 161.71 from 158.24 at 164.42. Further pull back could be seen to 4 hours 55 EMA (now at 162.04). But still, break of 158.24 is need to indicate rise from 151.71 has completed. Otherwise, further rally is still in favor after pull back. On the upside, above 164.86 will indicate rally from 151.71 has resumed for upper side of the medium term range near to 168.93. |
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EURJPY Outlook |
Written by ActionForex.com |
Apr 21 08 08:12 GMT |
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EUR/JPY turns sideway after rally from 158.24 met 61.8% projection of 151.71 to 161.71 from 158.24 at 164.42. Nevertheless, intraday bias remains on the upside as long as 162.67 minor support holds and further rally is still in favor to test upside side of the medium term range near to 168.93. On the downside, below 162.67 will turn intraday outlook neutral first. But break of 158.24 is need to indicate rise from 151.71 has completed. Otherwise, further rally is still in favor after pull back. |
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EURJPY Outlook |
Written by ActionForex.com |
Apr 19 08 13:37 GMT |
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After brief retreat to 158.24, EUR/JPY's rally from 151.71 resumed and extended sharply higher to 164.67 to close the week strongly. As discussed before, firm break of 161.38 resistance confirms that fall from 167.72 has already completed. From a short term angle, initial bias remains ont he upside this week as long as 162.67 minor support holds. Further rally is expected to be seen towards upper end of medium term range at 168.93. On the downside, below 162.67 will turn intraday outlook neutral first. But break of 158.24 is need to indicate rise from 151.71 has completed. Otherwise, further rally is still in favor after pull back. |
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EURJPY Outlook |
Written by ActionForex.com |
Apr 18 08 08:34 GMT |
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EUR/JPY's rally continues in European session and edges further higher to 162.92 so far. At this point, intraday bias remains on the upside as long as 162.13 minor support holds. The current rise from 151.71 is expected to extend further to test upper end of the medium term range between 149.27 and 168.93. On the downside, below 162.13 will turn intraday outlook consolidative first but further rise is still expected as long as retreat is contained above 158.24 support. |
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EURJPY Outlook |
Written by ActionForex.com |
Apr 17 08 08:57 GMT |
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EUR/JPY's rise from 151.71 resumed by taking out 161.38/71 resistance zone and reaches as high as 162.83 so far. Break of 161.38/71 resistance zone indicates that whole choppy decline from 167.72 has completed at 151.71. At this point, intraday bias remains on the upside as long as 161.08 and further rally is expected to test upper end of the medium term range between 149.27 and 168.93. On the downside, below 161.08 will turn intraday outlook consolidative first but further rise is still expected as long as retreat is contained above 158.24 support. |
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