EURJPY Outlook

EUR/JPY edged lower to 114.84 last week but drew support from 114.88 fibonacci level and recovered. Upside of recovery is limited below 118.23 support turned resistance so far. Thus, the bearish outlo...
EURJPY Outlook

EUR/JPY's rebound from 114.84 extended higher but at this point, it's kept below 118.23 support turned resistance. Hence, intraday bias stays neutral at this point and outlook remains bearish. Below ...
EURJPY Outlook

Intraday bias in EUR/JPY remains neutral as the correction from 114.84 continues. At this point, we'd still expect upside to be limited by 118.23 resistance and bring another fall. Corrective rise fr...
EURJPY Outlook

EUR/JPY's recovery from 114.84 low is still in progress. Intraday bias remains neutral for the moment. At this point, we'd still expect upside to be limited by 118.23 resistance and bring another fall...
EURJPY Outlook

EUR/JPY formed a temporary low at 114.84 after hitting 61.8% retracement of 109.20 to 124.08 at 114.88. Intraday bias is turned neutral for consolidations. Upside of recovery should be limited by 118....
EURJPY Outlook

EUR/JPY's fall from 124.08 continued last week and reached as low as 115.19. The development is consistent with our view that corrective rise from 109.20 has completed at 124.08. And further fall is e...
EURJPY Outlook

With 117.31 minor resistance intact, intraday bias in EUR/JPY stays on the downside for 61.8% retracement of 109.20 to 124.08 at 114.88 next. And, sustained break there will pave the way to retest 10...
EURJPY Outlook

EUR/JPY's decline accelerates to as low as 115.92 so far and intraday bias remains on the downside. Current fall from 124.08 should target 61.8% retracement of 109.20 to 124.08 at 114.88 next. And, s...
EURJPY Outlook

EUR/JPY's fall continues and reaches as low as 116.87 so far. Intraday bias remains on the downside. Whole fall from 124.08 should target 61.8% retracement of 109.20 to 124.08 at 114.88 next. On the u...
EURJPY Outlook

As long as 118.78 resistance holds, deeper decline is expected in EUR/JPY. As noted before, whole medium term rebound from 109.20 is completed at 124.08 already. Next target will be 61.8% retracement ...
EURJPY Outlook

EUR/JPY's sharp decline and break of 118.23 resistance confirmed resumption of whole fall from 124.08. More importantly, the development argues that whole medium term rebound from 109.20 is completed ...
EURJPY Outlook

Downside momentum in EUR/JPY is a bit unconvincing with 4 hour MACD staying above signal line. But with 118.78 minor resistance intact, deeper decline is expected. Current development suggests that me...