Daily Pivots: (S1) 141.30; (P) 141.73; (R1) 142.40; More….

EUR/JPY’s break of 143.61 resistance now argues that pull back form 15.55 has completed at 138.81 already. Intraday bias is back on the upside for 145.55 resistance first. Break there will resume the whole rebound from 137.37 and target a test on 148.38 high. On the downside, though, below 142.21 minor support will mix up the outlook again and turn intraday bias neutral.

In the bigger picture, as long as 55 week EMA (now at 139.58) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, sustained break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Decisive break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

Daily Pivots: (S1) 141.30; (P) 141.73; (R1) 142.40; More….

Range trading continues in EUR/JPY and intraday bias remains neutral. Risk remains on the downside as long as 143.61 resistance holds. Break of 138.81 will affirm the bearish case that fall from 145.55 is a leg inside the whole corrective decline from 148.38. Next target is 137.37 low, and then 135.40 fibonacci level. However, break of 143.61 will dampen the bearish case and bring stronger rise to 145.55 resistance instead.

In the bigger picture, as long as 55 week EMA (now at 139.58) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, sustained break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Decisive break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

Daily Pivots: (S1) 141.03; (P) 141.62; (R1) 142.68; More….

Intraday bias in EUR/JPY stays neutral at for the moment. Risk remains on the downside as long as 143.61 resistance holds. Break of 138.81 will affirm the bearish case that fall from 145.55 is a leg inside the whole corrective decline from 148.38. Next target is 137.37 low, and then 135.40 fibonacci level.

In the bigger picture, as long as 55 week EMA (now at 139.58) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, sustained break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Decisive break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

Daily Pivots: (S1) 139.20; (P) 140.53; (R1) 141.99; More….

Intraday bias in EUR/JPY remains neutral first but risk stays on the downside as long as 143.61 resistance holds. Break of 138.81 will affirm the bearish case that fall from 145.55 is a leg inside the whole corrective decline from 148.38. Next target is 137.37 low, and then 135.40 fibonacci level.

In the bigger picture, as long as 55 week EMA (now at 139.58) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, sustained break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Decisive break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

EUR/JPY’s rebound from 138.81 was stronger than expected. But subsequent steep decline from 143.61 affirmed the bearish case. That is, fall from 145.55 is a leg inside the whole corrective decline from 148.38. Risk will now remain on the downside as long as 143.61 resistance holds. Below 138.81 will target 137.37 low, and then 135.40 fibonacci level.

In the bigger picture, as long as 55 week EMA (now at 139.58) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, sustained break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Decisive break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

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).

Daily Pivots: (S1) 140.87; (P) 142.04; (R1) 142.91; More….

EUR/JPY’s current downside acceleration argues that rebound from 138.81 has completed at 143.61 already. Intraday bias is back on the downside for 138.81 support first. Break there will suggest that whole corrective pattern from 148.38 is resuming for 137.37 support and below. On the upside, above 141.82 minor resistance will turn intraday bias again.

In the bigger picture, as long as 55 week EMA (now at 139.54) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, firm break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Sustained break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

Daily Pivots: (S1) 142.18; (P) 142.90; (R1) 143.50; More….

Intraday bias in EUR/JPY stays neutral for the moment and near term outlook is mixed for now. On the downside, break of 138.81 will resume the fall from 145.55 to retest 137.37 low. However, break of 145.55 will resume the rebound from 137.37 low instead.

In the bigger picture, as long as 55 week EMA (now at 139.54) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, firm break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Sustained break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

Daily Pivots: (S1) 141.12; (P) 141.95; (R1) 143.49; More….

EUR/JPY’s rebound from 138.81 extended higher and the break of 4 hour 55 EMA (now at 142.33) mixes up the near term outlook. Intraday bias stays neutral first. On the downside, break of 138.81 will resume the fall from 145.55 to retest 137.37 low. However, break of 145.55 will resume the rebound from 137.37 low instead.

In the bigger picture, as long as 55 week EMA (now at 139.54) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, firm break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Sustained break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

Daily Pivots: (S1) 139.18; (P) 140.47; (R1) 142.10; More….

EUR/JPY recovered quickly after dipping to 138.81 and intraday bias remains neutral first. Outlook is unchanged that fall from 145.55 is the third leg of the whole corrective decline from 148.38. Risk stays on the downside as long as 4 hour 55 EMA (now at 142.21) holds. Below 138.81 will target 137.37 low, and then 135.40 fibonacci level.

In the bigger picture, as long as 55 week EMA (now at 139.54) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, firm break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Sustained break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

Daily Pivots: (S1) 139.82; (P) 141.01; (R1) 141.86; More….

Intraday bias in EUR/JPY remains neutral first and consolidation from 139.11 temporary low could extend. Still, outlook is unchanged that fall from 145.55 is the third leg of the whole corrective decline from 148.38. Risk stays on the downside as long as 4 hour 55 EMA (now at 142.55) holds. Below 139.11 will target 137.37 low, and then 135.40 fibonacci level.

In the bigger picture, as long as 55 week EMA (now at 139.54) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, firm break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Sustained break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

EUR/JPY fell to as low as 139.11 last week before forming a temporary low there and recovered. Current development suggests that fall from 145.55 is the third leg of the whole corrective decline from 148.38. Risk stays on the downside as long as 4 hour 55 EMA (now at 142.85) holds. Below 139.11 will target 137.37 low, and then 135.40 fibonacci level.

In the bigger picture, as long as 55 week EMA (now at 139.54) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, firm break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Sustained break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

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).

Daily Pivots: (S1) 140.06; (P) 141.04; (R1) 142.94; More….

Intraday bias in EUR/JPY is turned neutral first as it recovered notably after dipping to 139.11. Risk stays on the downside as long as 4 hour 55 EMA (now at 143.01) holds. Fall from 145.55 is seen as the third leg of the whole correction from 148.38 high. Below 139.11 will target 137.37 low, and then 135.40 fibonacci level.

In the bigger picture, as long as 55 week EMA (now at 139.54) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, firm break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Sustained break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

Daily Pivots: (S1) 138.74; (P) 141.86; (R1) 144.23; More….

Intraday bias in EUR/JPY remains on the downside for the moment. Fall from 145.55 is seen as the third leg of the whole correction from 148.38 high. Deeper decline would be seen to for retesting 137.37 low, and then 135.40 fibonacci level. On the upside, above 142.14 minor resistance will turn intraday bias neutral first, and could bring recovery. But near term risk will remain on the downside as long as 4 hour 55 EMA (now at 143.47) holds

In the bigger picture, as long as 55 week EMA (now at 139.54) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, firm break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Sustained break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

Daily Pivots: (S1) 142.92; (P) 143.67; (R1) 144.79; More….

EUR/JPY’s steep decline today and strong break of 141.36 confirms resumption of the decline from 145.55. The development also solidify the case that whole correction from 148.38 is in its third leg. Intraday bias is back on the downside for retesting 137.37 low, and then 135.40 fibonacci level. For now, risk will stay heavily on the downside as long as 141.36 resistance holds.

In the bigger picture, as long as 55 week EMA (now at 139.54) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, firm break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Sustained break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

Daily Pivots: (S1) 142.92; (P) 143.67; (R1) 144.79; More….

Intraday bias in EUR/JPY stays neutral for the moment. On the upside, firm break of 145.55 resistance will resume the rise from 137.37. That would also revive the case that correction from 148.38 has completed. Bias will be turned back to the upside for retesting 148.38 high. On the downside, however, break of 141.36 will bring another decline to 139.54 support.

In the bigger picture, as long as 55 week EMA (now at 139.54) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, firm break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Sustained break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

Daily Pivots: (S1) 141.46; (P) 142.93; (R1) 144.47; More….

EUR/JPY recovered notably after dipping to 141.36 and intraday bias is turned neutral first. Outlook is unchanged that fall from 145.55 is probably developing into the the third leg of the corrective pattern from 148.3. Risk will stay on the downside as long as 145.55 resistance holds. Below 141.36 will target 139.54 support first. Firm break there will target a retest on 137.37 next.

In the bigger picture, as long as 55 week EMA (now at 139.54) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, firm break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Sustained break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

Daily Pivots: (S1) 142.99; (P) 144.05; (R1) 144.74; More….

EUR/JPY’s break of 142.13 support argues that rebound from 137.37 has completed at 145.55 already. Fall from 145.55 could be developing into the third leg of the corrective pattern from 148.38. Intraday bias is back on the downside for 139.54 support first. Firm break there will target a retest on 137.37 next. On the upside, above 142.94 minor resistance will turn intraday bias neutral first.

In the bigger picture, as long as 55 week EMA (now at 139.54) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, firm break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Sustained break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

Daily Pivots: (S1) 142.99; (P) 144.05; (R1) 144.74; More….

Intraday bias in EUR/JPY remains neutral for the moment and consolidation from 145.55 could extend. Further rally is expected as long as 142.13 support holds. Corrective fall from 148.38 has completed at 137.37 already. Break of 145.55 will resume the rise from 137.37 to 146.71 resistance and then 148.38 high.

In the bigger picture, as long as 55 week EMA (now at 139.54) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, firm break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Sustained break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

EUR/JPY stayed in consolidation below 145.55 last week and outlook is unchanged. Initial bias remains neutral this week first. Further rally is expected as long as 142.13 support holds. Corrective fall from 148.38 has completed at 137.37 already. Break of 145.55 will resume the rise from 137.37 to 146.71 resistance and then 148.38 high.

In the bigger picture, as long as 55 week EMA (now at 139.54) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, firm break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Sustained break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

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).

Daily Pivots: (S1) 143.51; (P) 144.20; (R1) 144.77; More….

Intraday bias in EUR/JPY remains neutral for the moment. Further rally is expected as long as 142.13 support holds. Corrective fall from 148.38 has completed at 137.37 already. Break of 145.55 will resume the rise from 137.37 to 146.71 resistance and then 148.38 high.

In the bigger picture, as long as 55 week EMA (now at 139.42) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, firm break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Sustained break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.