EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.79; (P) 163.15; (R1) 163.77; More

Intraday bias in EUR/JPY stays neutral first. Corrective pattern from 163.70 could extend further. Break of 161.67 minor support should push the cross through channel support (now at 161.35) to 38.2% retracement of 153.15 to 163.70 at 159.66. Nevertheless, firm break of 163.70 will resume whole rally from 153.15 to retest 164.29 high.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.06; (P) 162.54; (R1) 163.18; More

Intraday bias in EUR/JPY remains neutral for the moment. Corrective pattern from 163.70 could extend further. Break of 161.67 minor support should push the cross through channel support (now at 161.18) to 38.2% retracement of 153.15 to 163.70 at 159.66. Nevertheless, firm break of 163.70 will resume whole rally from 153.15 to retest 164.29 high.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).

EUR/JPY Weekly Outlook

EUR/JPY dipped to 161.67 last week but recovered since then. Initial bias is turned neutral this week first. Another decline is mildly in favor as long as 163.70 resistance holds. Below 161.67 will target channel support (now at 161.11). However, firm break of 163.70 will resume the rally from 153.15 to retest 164.29 high.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).

In the long term picture, rise from 114.42 (2020 low) is seen as the third leg of the whole up trend from 94.11 (2012 low). Next target is 100% projection of 94.11 to 149.76 from 114.42 at 170.07 which is close to 169.96 (2008 high). This will remain the favored case as long as 148.38 resistance turned support holds.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.36; (P) 162.40; (R1) 163.11; More

Risk in EUR/JPY remains on the downside as long as 163.70 short term top holds. Fall from there would extend to channel support (now at 161.06). Firm break there will target 38.2% retracement of 153.15 to 163.70 at 159.66.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.94; (P) 163.17; (R1) 163.59; More

EUR/JPY’s break of 162.55 minor support indicates short term topping at 163.70. Considering bearish divergence condition in 4H MACD, it could now be corrective whole rise from 153.15. Intraday bias is back on the downside for channel support (now at 160.93). Firm break there will target 38.2% retracement of 153.15 to 163.70 at 159.66. For now, risk will stay mildly on the downside as long as 163.70 resistance holds, in case of recovery.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.92; (P) 163.22; (R1) 163.55; More

Intraday bias in EUR/JPY is turned neutral gain with current retreat. On the upside, above 163.70 will resume the rise from 153.15 to 164.29 high. However, considering loss of momentum as seen in 4H MACD, break of 162.55 minor support will turn bias back to the downside for deeper pullback first.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.83; (P) 163.27; (R1) 163.99; More

EUR/JPY’s rally resumed by breaking 163.45 temporary top and intraday bias is back on the upside. Further rally would be seen to 164.29 high. Firm break there will resume larger up trend. On the downside, below 1`62.55 minor support will turn bias back to the downside for deeper pullback first.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.66; (P) 162.93; (R1) 163.18; More

Intraday bias in EUR/JPY remains neutral for the moment, and some more consolidations could be seen below 163.45. Downside of retreat should be contained by 55 4H EMA (now at 162.06) to bring another rally. On the upside, break of 163.45 will target 164.29 high.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).

EUR/JPY Weekly Outlook

EUR/JPY’s rally from 153.15 continued last week but lost momentum after hitting 163.45. Initial bias is turned neutral this week for consolidations first. Downside of retreat should be contained by 55 4H EMA (now at 161.94) to bring another rally. On the upside, break of 163.45 will target 164.29 high.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).

In the long term picture, rise from 114.42 (2020 low) is seen as the third leg of the whole up trend from 94.11 (2012 low). Next target is 100% projection of 94.11 to 149.76 from 114.42 at 170.07 which is close to 169.96 (2008 high). This will remain the favored case as long as 148.38 resistance turned support holds.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.48; (P) 162.97; (R1) 163.44; More

Intraday bias in EUR/JPY remains on the upside, as rise from 153.15 is in progress for retesting 164.29 high. Decisive break there will confirm larger up trend resumption. On the downside, however, below 161.93 minor support will turn intraday bias neutral and bring consolidations, before staging another rally.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.17; (P) 162.41; (R1) 162.86; More

EUR/JPY’s rally is in progress and intraday bias stays on the upside. Current rise from 153.15 is in progress for retesting 164.29 high. On the downside, however, below 161.93 minor support will turn intraday bias neutral and bring consolidations, before staging another rally.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.78; (P) 162.07; (R1) 162.41; More

Intraday bias in EUR/JPY remains on the upside at this point. Current rally from 153.15 is in progress for retesting 164.29 high. On the downside, however, below 161.46 minor support will turn intraday bias neutral first.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.54; (P) 161.77; (R1) 162.05; More

EUR/JPY’s rally is in progress even though upside momentum is not too convincing. Intraday bias stays on the upside. Rise from 153.15 should target a retest on 164.29 high. On the downside, however, below 161.46 minor support will turn intraday bias neutral first.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.53; (P) 161.74; (R1) 162.09; More

Intraday bias in EUR/JPY remains on the upside at this point. Further rise would be seen to retesting 164.29 high next. On the downside, however, below 160.90 minor support will turn intraday bias neutral first.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).

EUR/JPY Weekly Outlook

EUR/JPY’s rise from 153.15 resumed by breaking 161.84 resistance last week. Initial bias remains on the upside for retesting 164.29 high next. On the downside, however, below 160.90 minor support will turn intraday bias neutral first.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).

In the long term picture, rise from 114.42 (2020 low) is seen as the third leg of the whole up trend from 94.11 (2012 low). Next target is 100% projection of 94.11 to 149.76 from 114.42 at 170.07 which is close to 169.96 (2008 high). This will remain the favored case as long as 148.38 resistance turned support holds.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.14; (P) 161.37; (R1) 161.77; More

EUR/JPY’s rally resume after brief consolidations and intraday bias is back on the upside. On the upside, firm break of 161.84 will confirm resumption of whole rise from 153.15. Next target is a retest on 164.29 high. On the downside, however, below 160.90 minor support will turn intraday bias neutral first.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.14; (P) 161.37; (R1) 161.77; More

Intraday bias in EUR/JPY is turned neutral first as it retreated ahead of 161.84 resistance On the upside, firm break of 161.84 will confirm resumption of whole rise from 153.15. Next target is a retest on 164.29 high. On the downside, however, below 160.36 will extend the pattern from 161.84 with another falling leg, and turn bias to the downside for 158.06 support instead.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.97; (P) 161.30; (R1) 161.82; More

Intraday bias in EUR/JPY remains on the upside for retesting 161.84 resistance. Firm break there will confirm resumption of whole rise from 153.15. Next target is a retest on 164.29 high. On the downside, below 160.36 minor support will turn intraday bias neutral first. But further rally is expected as long as 158.06 support holds, in case of retreat.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.47; (P) 160.79; (R1) 161.19; More

Intraday bias in EUR/JPY stays on the upside despite loss of momentum. Firm break of 161.84 will confirm resumption of whole rise from 153.15. Next target is a retest on 164.29 high. On the downside, below 160.36 minor support will turn intraday bias neutral first. But further rally is expected as long as 158.06 support holds, in case of retreat.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.76; (P) 161.01; (R1) 161.25; More

Intraday bias in EUR/JPY remains on the upside for 161.84 resistance. Firm break there will rebound whole rise from 153.15 to retest 161.84. For now, further rally is expected as long as 158.06 support holds, in case of retreat.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage. Next target would be 169.96 (2008 high).