EUR/JPY’s rise from 169.69 resumed last week but retreated again after hitting 173.39. Initial bias is neutral this week, and further rise is in favor. Above 173.39 will target a retest on 173.87. Firm break there will resume larger up rise to retest 175.41 key resistance. However, break of 171.09 will extend the corrective pattern from 173.87 with another leg towards 169.69 again.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, sustained break of 38.2% retracement of 161.06 to 173.87 at 168.97 will delay this bullish case, and probably extend the correction from 175.41 with another fall.

In the long term picture, up trend from 94.11 (2021 low) is still in progress. On resumption, next target is 138.2% projection of 94.11 to 149.76 (2014 high) from 114.42 (2020 low) at 191.32.

Daily Pivots: (S1) 172.55; (P) 172.88; (R1) 173.31; More…

Further rise remains mildly in favor in EUR/JPY for retesting 173.87 high. Decisive break there will resume larger rally from 154.77, and target a retest on 175.41 key resistance. On the downside, however, break of 171.09 will turn bias to the downside for 169.69 support, and possibly below.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, sustained break of 38.2% retracement of 161.06 to 173.87 at 168.97 will delay this bullish case, and probably extend the correction from 175.41 with another fall.

Daily Pivots: (S1) 172.40; (P) 172.85; (R1) 173.19; More…

Intraday bias in EUR/JPY stays mildly on the upside for retesting 173.87 high. Decisive break there will resume larger rally from 154.77, and target a retest on 175.41 key resistance. On the downside, however, break of 171.09 will turn bias to the downside for 169.69 support, and possibly below.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, sustained break of 38.2% retracement of 161.06 to 173.87 at 168.97 will delay this bullish case, and probably extend the correction from 175.41 with another fall.

Daily Pivots: (S1) 172.17; (P) 172.79; (R1) 173.33; More…

Intraday bias in EUR/JPY remains on the upside for retesting 173.87 high. Decisive break there will resume larger rally from 154.77, and target a retest on 175.41 key resistance. On the downside, however, break of 171.09 will turn bias to the downside for 169.69 support, and possibly below.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, sustained break of 38.2% retracement of 161.06 to 173.87 at 168.97 will delay this bullish case, and probably extend the correction from 175.41 with another fall.

Daily Pivots: (S1) 171.94; (P) 172.24; (R1) 172.68; More…

Intraday bias in EUR/JPY is back on the upside with break of 172.99. Further rise should be seen to retest 173.87 high. Decisive break there will resume larger rally from 154.77, and target a retest on 175.41 key resistance. On the downside, however, break of 171.09 will turn bias to the downside for 169.69 support, and possibly below.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, sustained break of 38.2% retracement of 161.06 to 173.87 at 168.97 will delay this bullish case, and probably extend the correction from 175.41 with another fall.

Daily Pivots: (S1) 171.37; (P) 171.70; (R1) 172.15; More…

EUR/JPY recovered notably today but remains bounded in range of 170.94/172.99. Intraday bias remains neutral at this point. On the upside, break of 172.99 will bring retest of 173.87 high. Firm break there will resume larger rally from 154.77. On the downside, break of 170.94 will bring deeper fall to 169.69 support and possibly below. Overall, price actions from 173.87 are seen as a corrective pattern that could still extend.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, sustained break of 38.2% retracement of 161.06 to 173.87 at 168.97 will delay this bullish case, and probably extend the correction from 175.41 with another fall.

EUR/JPY was still bounded in range of 170.94/172.99 last week and outlook is unchanged. Initial bias stays neutral this week first. On the upside, break of 1.7299 will bring retest of 173.87 high. On the downside, break of 170.94 will bring deeper fall to 169.69 support and possibly below. Overall, price actions from 173.87 are seen as a corrective pattern that could still extend.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, sustained break of 38.2% retracement of 161.06 to 173.87 at 168.97 will delay this bullish case, and probably extend the correction from 175.41 with another fall.

In the long term picture, up trend from 94.11 (2021 low) is still in progress. On resumption, next target is 138.2% projection of 94.11 to 149.76 (2014 high) from 114.42 (2020 low) at 191.32.

Daily Pivots: (S1) 171.25; (P) 171.52; (R1) 171.92; More…

EUR/JPY is still bounded in sideway trading and intraday bias remains neutral. On the downside, break of 170.94 support will bring deeper fall to 169.69, or further to 38.2% retracement of 161.06 to 173.87 at 168.97. On the upside, above 172.99 will bring retest of 173.87 short term top.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break of 154.77 will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 170.34) will delay this bullish case.

Daily Pivots: (S1) 171.24; (P) 171.58; (R1) 171.89; More…

Intraday bias in EUR/JPY remains neutral for the moment. On the downside, break of 170.94 support will bring deeper fall to 169.69, or further to 38.2% retracement of 161.06 to 173.87 at 168.97. On the upside, above 172.99 will bring retest of 173.87 short term top.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break of 154.77 will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 170.34) will delay this bullish case.

Daily Pivots: (S1) 171.27; (P) 171.69; (R1) 172.06; More…

Sideway trading continues in EUR/JPY and intraday bias remains neutral. Overall price actions from 173.87 are seen as a corrective pattern. On the downside, below 170.94 support will bring deeper fall to 169.69 and possibly below. But downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound. On the upside, above 172.99 will bring retest of 173.87.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break of 154.77 will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 170.23) will delay this bullish case.

Daily Pivots: (S1) 171.26; (P) 171.96; (R1) 172.35; More…

Intraday bias in EUR/JPY stays neutral as range trading continues. Overall price actions from 173.87 are seen as a corrective pattern. On the downside, below 170.94 support will bring deeper fall to 169.69 and possibly below. But downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound. On the upside, above 172.99 will bring retest of 173.87.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break of 154.77 will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 170.23) will delay this bullish case.

Daily Pivots: (S1) 171.82; (P) 172.25; (R1) 172.67; More…

Range trading continues in EUR/JPY and intraday bias stays neutral. Overall price actions from 173.87 are seen as a corrective pattern. On the downside, below 170.94 support will bring deeper fall to 169.69 and possibly below. But downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound. On the upside, above 172.99 will bring retest of 173.87.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break of 154.77 will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 170.23) will delay this bullish case.

EUR/JPY gyrated in range below 172.99 last week and outlook is unchanged. Overall price actions from 173.87 are seen as a corrective pattern. On the downside, below 170.94 support will bring deeper fall to 169.69 and possibly below. But downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound. On the upside, above 172.99 will bring retest of 173.87.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break of 154.77 will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 170.15) will delay this bullish case.

In the long term picture, up trend fro 94.11 (2021 low) is still in progress. On resumption, next target is 138.2% projection of 94.11 to 149.76 (2014 high) from 114.42 (2020 low) at 191.32.

Daily Pivots: (S1) 171.70; (P) 172.03; (R1) 172.54; More…

Intraday bias in EUR/JPY remains neutral as range trading continues. On the upside, above 172.99 will resume the rebound from 169.69 to retest 173.87 high. On the downside, however, firm break of 170.94 will suggest that the corrective pattern from 173.87 has started the third leg. Intraday bias will be turned back to the downside for 169.69 support, and possibly below. But downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break of 154.77 will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 169.95) will delay this bullish case.

Daily Pivots: (S1) 171.05; (P) 171.68; (R1) 172.24; More…

EUR/JPY recovered ahead of 170.94 support and intraday bias stays neutral. On the upside, above 172.99 will resume the rebound from 169.69 to retest 173.87 high. On the downside, however, firm break of 170.94 will suggest that the corrective pattern from 173.87 has started the third leg. Intraday bias will be turned back to the downside for 169.69 support, and possibly below. But downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break of 154.77 will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 169.95) will delay this bullish case.

Daily Pivots: (S1) 171.56; (P) 172.14; (R1) 172.57; More…

Immediate focus is now on 170.94 support in EUR/JPY with today’s decline. Firm break there will suggest that the corrective pattern from 173.87 has started the third leg. Intraday bias will be turned back to the downside for 169.69 support, and possibly below. But downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound. On the upside, above 172.99 will bring retest of 173.87.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break of 154.77 will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 169.95) will delay this bullish case.

Daily Pivots: (S1) 172.09; (P) 172.38; (R1) 172.71; More…

Intraday bias in EUR/JPY stays neutral at this point. Corrective pattern from 173.87 is still extending, and break of 170.94 will bring deeper fall to 169.69 support. But downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound. On the upside, above 172.99 will bring retest of 173.87.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break of 154.77 will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 169.95) will delay this bullish case.

Daily Pivots: (S1) 171.72; (P) 172.05; (R1) 172.59; More…

Intraday bias in EUR/JPY remains neutral for the moment. Corrective pattern from 173.87 is still extending, and break of 170.94 will bring deeper fall to 169.69 support. But downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound. On the upside, above 172.99 will bring retest of 173.87.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break of 154.77 will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 169.87) will delay this bullish case.

EUR/JPY retreated after edging high to 172.99 last week. The development suggests that corrective pattern from 173.87 is still extending. Deeper fall might be seen but downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound. On the upside, above 172.99 will bring retest of 173.87.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break of 154.77 will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 169.77) will delay this bullish case.

In the long term picture, up trend fro 94.11 (2021 low) is still in progress. On resumption, next target is 138.2% projection of 94.11 to 149.76 (2014 high) from 114.42 (2020 low) at 191.32.

Daily Pivots: (S1) 171.17; (P) 171.91; (R1) 172.85; More…

Intraday bias in EUR/JPY is turned neutral first with current recovery. Overall, corrective pattern from 173.87 is extending and deeper fall might be seen. But downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to complete the pattern. On the upside, above 172.99 will bring retest of 173.87.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break of 154.77 will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 169.64) will delay this bullish case.