Daily Pivots: (S1) 147.94; (P) 148.32; (R1) 148.96; More….

Intraday bias in EUR/JPY remains neutral for the moment, and outlook stays bullish. On the upside, break of 151.60 will resume larger up trend to 153.64 projection level. Nevertheless, firm break of 146.85 will confirm short term topping and turn bias to the downside for deeper pull back.

In the bigger picture, current development indicates that rise from 114.42 (2020 low) is in progress. Next target is 61.8% projection of 124.37 to 148.38 from 138.81 at 153.64. Sustained break there will pave the way to 100% projection at 162.82. For now, medium term outlook will remain bullish as long as 138.81 support holds, even in case of deep pull back.

EUR/JPY’s pull back from 151.60 extended lower last week, but recovered ahead of 146.85 support. Initial bias stays neutral this week first, and outlook stays bullish. On the upside, break of 151.60 will resume larger up trend to 153.64 projection level. Nevertheless, firm break of 146.85 will confirm short term topping and turn bias to the downside for deeper pull back.

In the bigger picture, current development indicates that rise from 114.42 (2020 low) is in progress. Next target is 61.8% projection of 124.37 to 148.38 from 138.81 at 153.64. Sustained break there will pave the way to 100% projection at 162.82. For now, medium term outlook will remain bullish as long as 138.81 support holds, even in case of deep pull back.

In the long term picture, break of 149.76 (2014 high) argues that whole up trend form 94.11 (2012 low) is resuming. Sustained trading above 149.76 will pave the way to 100% projection of 94.11 to 149.76 from 109.03 at 164.68, which is close to 169.96 (2008 high).

Daily Pivots: (S1) 146.94; (P) 148.07; (R1) 149.02; More….

EUR/JPY’s retreat from 151.60 extended lower but it’s holding above 146.85 support. Intraday bias remains neutral and outlook stays bullish. On the upside, break of 151.60 will resume larger up trend to 153.64 projection level. Nevertheless, firm break of 146.85 will confirm short term topping and turn bias to the downside for deeper pull back.

In the bigger picture, current development indicates that rise from 114.42 (2020 low) is in progress. Next target is 61.8% projection of 124.37 to 148.38 from 138.81 at 153.64. Sustained break there will pave the way to 100% projection at 162.82. For now, medium term outlook will remain bullish as long as 138.81 support holds, even in case of deep pull back.

Daily Pivots: (S1) 148.68; (P) 149.53; (R1) 149.99; More….

Intraday bias in EUR/JPY remains neutral as consolidation from 151.60 is extending. Downside should be contained by 146.85 support to bring another rally. Break of 151.60 will resume larger up trend to 153.64 projection level. Nevertheless, firm break of 146.85 will confirm short term topping and turn bias to the downside for deeper pull back.

In the bigger picture, current development indicates that rise from 114.42 (2020 low) is in progress. Next target is 61.8% projection of 124.37 to 148.38 from 138.81 at 153.64. Sustained break there will pave the way to 100% projection at 162.82. For now, medium term outlook will remain bullish as long as 138.81 support holds, even in case of deep pull back.

Daily Pivots: (S1) 148.78; (P) 149.51; (R1) 150.57; More….

Intraday bias in EUR/JPY is turned neutral with current retreat. Some consolidations could be seen, but downside should be contained by 146.85 support to bring another rally. Break of 151.60 will resume larger up trend to 153.64 projection level.

In the bigger picture, current development indicates that rise from 114.42 (2020 low) is in progress. Next target is 61.8% projection of 124.37 to 148.38 from 138.81 at 153.64. Sustained break there will pave the way to 100% projection at 162.82. For now, medium term outlook will remain bullish as long as 138.81 support holds, even in case of deep pull back.

Daily Pivots: (S1) 150.32; (P) 150.64; (R1) 151.25; More….

EUR/JPY’s rally continues today and hits as high as 151.40 so far. Intraday bias stays on the upside and current up trend should now target 153.64 projection level. On the downside, below 149.87 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, current development indicates that rise from 114.42 (2020 low) is in progress. Next target is 61.8% projection of 124.37 to 148.38 from 138.81 at 153.64. Sustained break there will pave the way to 100% projection at 162.82. For now, medium term outlook will remain bullish as long as 138.81 support holds, even in case of deep pull back.

Daily Pivots: (S1) 148.01; (P) 149.22; (R1) 151.30; More….

Intraday bias in EUR/JPY remains on the upside for the moment. Current up trend should now target 153.64 projection level. On the downside, below 148.61 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, current development indicates that rise from 114.42 (2020 low) is in progress. Next target is 61.8% projection of 124.37 to 148.38 from 138.81 at 153.64. Sustained break there will pave the way to 100% projection at 162.82. For now, medium term outlook will remain bullish as long as 138.81 support holds, even in case of deep pull back.

EUR/JPY’s up trend continued last week, surged through 148.38, and closed above 149.76 long term resistance. Initial bias stays on the upside this week. Next target is 153.64 projection level. On the downside, below 148.61 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, current development indicates that rise from 114.42 (2020 low) is in progress. Next target is 61.8% projection of 124.37 to 148.38 from 138.81 at 153.64. Sustained break there will pave the way to 100% projection at 162.82. For now, medium term outlook will remain bullish as long as 138.81 support holds, even in case of deep pull back.

In the long term picture, break of 149.76 (2014 high) argues that whole up trend form 94.11 (2012 low) is resuming. Sustained trading above 149.76 will pave the way to 100% projection of 94.11 to 149.76 from 109.03 at 164.68, which is close to 169.96 (2008 high).

Daily Pivots: (S1) 147.27; (P) 147.63; (R1) 148.11; More….

EUR/JPY’s rally finally resumes and the break of 148.38 resistance should now confirms resumption of larger up trend. Intraday bias is back on the upside for 149.76 long term resistance next. Break will target 153.64 projection level. Meanwhile, outlook will now stay bullish as long as 146.27 support holds, in case of retreat.

In the bigger picture, as long as 55 W EMA (now at 140.70) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance (2014 high). Decisive break there will resume long term up trend from 94.11 (2012 low). Next target is 61.8% projection of 124.37 to 148.38 from 138.81 at 153.64. This will remain the favored case as long as 138.81 support holds.

Daily Pivots: (S1) 146.71; (P) 147.31; (R1) 148.17; More….

Intraday bias in EUR/JPY remains neutral for the moment. On the upside, decisive break of 148.38 will resume larger up trend, and next target will be 149.76 long term resistance. However, sustained trading below 146.39 will indicate rejection by 148.38, and bring deeper fall to extend the corrective pattern from there.

In the bigger picture, as long as 55 W EMA (now at 140.70) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance (2014 high). Decisive break there will resume long term up trend from 94.11 (2012 low). Next target is 61.8% projection of 124.37 to 148.38 from 138.81 at 153.64.

Daily Pivots: (S1) 145.81; (P) 147.22; (R1) 148.14; More….

Intraday bias in EUR/JPY is turned neutral first as it retreated after failing to sustain above 148.38 resistance. On the upside, decisive break of 148.38 will resume larger up trend, and next target will be 149.76 long term resistance. However, sustained trading below 146.39 will indicate rejection by 148.38, and bring deeper fall to extend the corrective pattern from there.

In the bigger picture, as long as 55 W EMA (now at 140.70) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance (2014 high). Decisive break there will resume long term up trend from 94.11 (2012 low). Next target is 61.8% projection of 124.37 to 148.38 from 138.81 at 153.64.

Daily Pivots: (S1) 147.46; (P) 147.96; (R1) 148.81; More….

Intraday bias in EUR/JPY remains on the upside at this point, with focus on 148.38 resistance. Decisive break there will resume larger up trend, and next target will be 149.76 long term resistance. For now, outlook will remain bullish as long as 146.39 support holds, in case of retreat.

In the bigger picture, as long as 55 W EMA (now at 140.70) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance (2014 high). Decisive break there will resume long term up trend from 94.11 (2012 low). Next target is 61.8% projection of 124.37 to 148.38 from 138.81 at 153.64.

Daily Pivots: (S1) 146.68; (P) 147.12; (R1) 147.84; More….

EUR/JPY’s rally resumed by breaking through 147.85 and intraday bias is back on the upside. Decisive break of 148.38 will resume larger up trend to 149.75 long term resistance. For now, outlook will remain bullish as long as 146.39 support holds, in case of retreat.

In the bigger picture, as long as 55 W EMA (now at 140.44) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. Decisive break there will resume long term up trend. However, sustained break of 55 W EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40.

EUR/JPY’s rally from 137.37 extended higher last week but formed a temporary top at 147.85 and retreated. Initial bias remains neutral this week first. Further rally will remain mildly in favor as long as 145.66 resistance turned support holds. Decisive break of 148.38 will resume larger up trend to 149.75 long term resistance. However, firm break of 145.66 will indicate that corrective pattern from 148.38 has started the third leg. Intraday bias will be back on the downside for 142.53 support first and possibly below.

In the bigger picture, as long as 55 W EMA (now at 140.44) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. Decisive break there will resume long term up trend. However, sustained break of 55 W EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40.

In the long term picture, outlook will stay bullish as long as 134.11 resistance turned support holds (2021 high). Sustained break of 149.76 (2014 high) will open up further rally, as resumption of the rise from 94.11 (2012 low), towards 100% projection of 94.11 to 149.76 from 109.03 at 164.68.

Daily Pivots: (S1) 146.91; (P) 147.38; (R1) 147.73; More….

A temporary top is in place at 147.85 in EUR/JPY ahead of 148.38 high. Intraday bias is turned neutral first. Further rally will remain mildly in favor as long as 145.66 resistance turned support holds. Decisive break of 148.38 will resume larger up trend to 149.75 long term resistance. However, firm break of 145.66 will indicate that corrective pattern from 148.38 has started the third leg. Intraday bias will be back on the downside for 142.53 support first and possibly below.

In the bigger picture, as long as 55 W EMA (now at 140.44) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. Decisive break there will resume long term up trend. However, sustained break of 55 W EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40.

Daily Pivots: (S1) 147.13; (P) 147.49; (R1) 147.96; More….

Intraday bias in EUR/JPY remains on the upside for the moment. Current rally should target 148.38 high. Firm break there will resume larger up trend to 149.75 long term resistance. Meanwhile, outlook will stay bullish as long as 145.66 resistance turned support holds, in case of retreat.

In the bigger picture, as long as 55 W EMA (now at 140.44) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. Decisive break there will resume long term up trend. However, sustained break of 55 W EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40.

Daily Pivots: (S1) 146.80; (P) 147.09; (R1) 147.45; More….

Upside momentum remains unconvincing in EUR/JPY as seen in 4H MACD. Still, further rally is expected as long as 145.66 resistance turned support holds. Rise from 137.37 should target 148.38 high. Firm break there will resume larger up trend to 149.75 long term resistance. However, break of 145.66 will turn bias back to the downside for 142.53 support instead.

In the bigger picture, as long as 55 W EMA (now at 140.44) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. Decisive break there will resume long term up trend. However, sustained break of 55 W EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40.

Daily Pivots: (S1) 146.59; (P) 147.03; (R1) 147.38; More….

EUR/JPY is losing some upside momentum as seen in 4H MACD. But further rally is expected as long as 145.66 resistance turned support holds. Rise from 137.37 should target 148.38 high. Firm break there will resume larger up trend to 149.75 long term resistance. However, break of 145.66 will turn bias back to the downside for 142.53 support instead.

In the bigger picture, as long as 55 W EMA (now at 140.44) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. Decisive break there will resume long term up trend. However, sustained break of 55 W EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40.

Daily Pivots: (S1) 146.49; (P) 146.82; (R1) 147.40; More….

Intraday bias in EUR/JPY remains on the upside as rise from 137.37 is in progress for retesting 148.38 high. Firm break there will resume larger up trend to 149.75 long term resistance. On the downside, below 146.06 minor support will turn intraday bias neutral and bring consolidations. But outlook will stay cautiously bullish as long as 142.53 support holds, in case of retreat.

In the bigger picture, as long as 55 W EMA (now at 140.44) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. Decisive break there will resume long term up trend. However, sustained break of 55 W EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40.

EUR/JPY’s rise from 137.37 resumed last week and hit as high as 147.14. Initial bias remains on the upside for retesting 148.38 high. Firm break there will resume larger up trend. On the downside, below 145.77 minor support will turn intraday bias neutral and bring consolidations. But outlook will stay cautiously bullish as long as 142.53 support holds, in case of retreat.

In the bigger picture, as long as 55 W EMA (now at 140.18) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. Decisive break there will resume long term up trend. However, sustained break of 55 W EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40.

In the long term picture, outlook will stay bullish as long as 134.11 resistance turned support holds (2021 high). Sustained break of 149.76 (2014 high) will open up further rally, as resumption of the rise from 94.11 (2012 low), towards 169.96 (2008 high).