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).

EUR/JPY Weekly Outlook

EUR/JPY’s rebound last week suggests that corrective pull back from 161.84 has completed at 158.06 already. Initial bias remains on the upside for 161.84 resistance first. 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).

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) 159.93; (P) 160.47; (R1) 161.47; More

Intraday bias in EUR/JPY remains on the upside for the moment. Rise from 158.06 is in progress for retesting 161.84. Firm break there will resume whole rise from 153.15 and target 164.29 high. For now, further rally is expected as long as 158.06 support 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.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.12; (P) 159.43; (R1) 159.94; More

Intraday bias in EUR/JPY is back on the upside with break of 160.25 minor resistance. Further rise should be seen to 161.84 resistance first. Firm break there will target 164.29 high. For now, further rally is expected as long as 158.06 support 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.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.76; (P) 159.32; (R1) 159.66; More

No change in EUR/JPY’s outlook and intraday bias remains neutral. On the upside, decisive break of 160.25 resistance will indicate that rise from 153.15 is ready to resume, and turn bias back to the upside for 161.84 first. Nevertheless, break of 158.06 will now suggest that the rise from 153.15 has completed and turn bias back to the downside.

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.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.31; (P) 159.80; (R1) 160.20; More

Intraday bias in EUR/JPY remains neutral with focus on 160.25 minor resistance. Decisive break there will indicate that rise from 153.15 is ready to resume, and turn bias back to the upside for 161.84 first. Nevertheless, break of 158.06 will now suggest that the rise from 153.15 has completed and turn bias back to the downside.

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.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.31; (P) 159.79; (R1) 160.52; More

Intraday bias in EUR/JPY remains neutral for the moment. On the upside, firm break of 160.25 minor resistance will indicate that rise from 153.15 is ready to resume, and turn bias back to the upside for 161.84 first. Nevertheless, break of 158.06 will now suggest that the rise from 153.15 has completed and turn bias back to the downside.

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.

EUR/JPY Weekly Outlook

While EUR/JPY’s correction from 161.84 extended to 158.06, it drew some support from 158.55 and near term rising channel and rebounded. Initial bias remains neutral this week first. On the upside, firm break of 160.25 will indicate that rise from 153.15 is ready to resume, and turn bias back to the upside for 161.84 first. Nevertheless, break of 158.06 will now suggest that the rise from 153.15 has completed and turn bias back to the downside.

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.

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) 158.46; (P) 158.83; (R1) 159.59; More

EUR/JPY recovered quickly after dipping to 158.06. Some support is seen from 158.55 resistance turned support and rising channel for now. Intraday bias stays neutral first. On the downside, sustained break of 158.55 will argue that rebound from 153.15 has completed at 161.84 already. Fall from there is then seen as the third leg of the pattern from 164.29 high. Intraday bias will be turned back to the downside for 155.06 support next. On the upside, above 160.25 minor resistance will retain near term bullishness, and bring retest of 161.84.

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 148.48 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.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.28; (P) 159.28; (R1) 159.98; More

Immediate focus is now on 158.55 support in EUR/JPY. Sustained break there will argue that rebound from 153.15 has completed at 161.84 already. Fall from there is then seen as the third leg of the pattern from 164.29 high. Intraday bias will be turned back to the downside for 155.06 support next. On the upside, above 160.25 minor resistance will retain near term bullishness, and bring retest of 161.84 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 148.48 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.