EUR/JPY’s decline from 145.62 accelerated lower last week. Initial bias is mildly on the downside this week with focus on 138.38 support turned resistance. Firm break there will raise the chance of larger reversal and target 133.38 support next. On the upside, break of 142.28 will revive near term bullishness and bring retest of 145.62 high instead.

In the bigger picture, as long as 133.38 support holds, the up trend from 114.42 (2020 low) could still extend through 145.62 high. In that case, next target 149.76 (2015 high). However, sustained break of 133.38 will be a sign of medium term bearish reversal and bring deeper fall to 124.37 support first.

In the long term picture, as long as 55 month EMA (now at 129.30) holds, up trend 109.03 should still extend higher to 149.76 resistance (2014 high). However, sustained break of 55 month EMA will argue that the three wave pattern has completed, and bring deeper fall back to 109.03/114.42 support zone.

Daily Pivots: (S1) 137.93; (P) 140.82; (R1) 142.91; More….

Focus stays on 138.38 resistance turned support in EUR/JPY. Decisive break there will be an early indication of larger bearish reversal. Deeper fall would be seen to 133.38 support next. On the upside, above 142.28 minor resistance will turn bias back to the upside for retesting 145.62 high.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Further rally is in favor as long as 133.38 support holds. Next target is 149.76 (2015 high). However, sustained break of 133.38 will be a sign of medium term bearish reversal and turn focus to 124.37 support for confirmation.

Daily Pivots: (S1) 141.07; (P) 142.33; (R1) 143.02; More….

EUR/JPY’s decline from 145.62 accelerates lower today but stays above 138.38 support turned resistance. Intraday bias stays neutral first. Larger up trend is still in favor to continue through 145.62 at a later stage. However, firm break of 138.38 will be an early indication of reversal, and target 135.50 support next.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Further rally is in favor as long as 133.38 support holds. Next target is 149.76 (2015 high). However, sustained break of 133.38 will be a sign of medium term bearish reversal and turn focus to 124.37 support for confirmation.

Daily Pivots: (S1) 142.89; (P) 143.46; (R1) 143.91; More….

EUR/JPY dips notably as correction from 145.62 extends. Intraday bias stays neutral at this point. Deeper pull back cannot be ruled out. But downside should be contained above 138.38 resistance turned support bring another rally. On the upside, decisive break of 145.62 will pave the way to 149.76 long term resistance, and then 100% projection of 124.37 to 144.26 from 133.38 at 153.27.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Further rally is in favor as long as 133.38 support holds. Next target is 149.76 (2015 high). However, sustained break of 133.38 will be a sign of medium term bearish reversal and turn focus to 124.37 support for confirmation.

Daily Pivots: (S1) 143.03; (P) 143.32; (R1) 143.85; More….

Intraday bias in EUR/JPY remains neutral as consolidation from 145.62 extends. Deeper pull back cannot be ruled out. But downside should be contained above 138.38 resistance turned support bring another rally. On the upside, decisive break of 145.62 will pave the way to 149.76 long term resistance, and then 100% projection of 124.37 to 144.26 from 133.38 at 153.27.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Further rally is in favor as long as 133.38 support holds. Next target is 149.76 (2015 high). However, sustained break of 133.38 will be a sign of medium term bearish reversal and turn focus to 124.37 support for confirmation.

Daily Pivots: (S1) 142.61; (P) 143.07; (R1)143.63; More….

EUR/JPY is staying in consolidation from 145.62 and intraday bias remains neutral. Deeper pull back cannot be ruled out. But downside should be contained above 138.38 resistance turned support bring another rally. On the upside, decisive break of 145.62 will pave the way to 149.76 long term resistance, and then 100% projection of 124.37 to 144.26 from 133.38 at 153.27.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Further rally is in favor as long as 133.38 support holds. Next target is 149.76 (2015 high). However, sustained break of 133.38 will be a sign of medium term bearish reversal and turn focus to 124.37 support for confirmation.

EUR/JPY’s up trend continued to 145.62 last week, just inch below 61.8% projection of 124.37 to 144.26 from 133.38 at 145.67. But the cross then turned into consolidations, and initial bias is neutral this week first. Deeper pull back cannot be ruled out. But downside should be contained above 138.38 resistance turned support bring another rally. On the upside, decisive break of 145.67 will pave the way to 149.76 long term resistance, and then 100% projection at 153.27.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Further rally is in favor as long as 133.38 support holds. Next target is 149.76 (2015 high). However, sustained break of 133.38 will be a sign of medium term bearish reversal and turn focus to 124.37 support for confirmation.

In the long term picture, up trend from 94.11 (2012 low) is seen as in the third leg. Further rally would be seen to 149.76 resistance (2014 high) and above. This will remain the favored case as long as 55 month EMA (now at 129.46) holds.

Daily Pivots: (S1) 142.78; (P) 143.23; (R1)143.89; More….

Intraday bias in EUR/JPY is staying neutral as consolidation from 145.62 is extending. Deeper pull back cannot be ruled out. But downside should be contained above 138.38 resistance turned support bring another rally. On the upside, decisive break of 61.8% projection of 124.37 to 144.26 from 133.38 at 145.67 will pave the way to 149.76 long term resistance, and then 100% projection at 153.27.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Next target is 149.76 (2015 high). For now, outlook will remain bullish as long as 133.38 support holds, even in case of deep pull back.

Daily Pivots: (S1) 141.95; (P) 143.21; (R1) 144.13; More….

EUR/JPY is staying in consolidation from 145.62 and intraday bias remains neutral first. Deeper pull back cannot be ruled out. But downside should be contained above 138.38 resistance turned support bring another rally. On the upside, decisive break of 61.8% projection of 124.37 to 144.26 from 133.38 at 145.67 will pave the way to 149.76 long term resistance, and then 100% projection at 153.27.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Next target is 149.76 (2015 high). For now, outlook will remain bullish as long as 133.38 support holds, even in case of deep pull back.

Daily Pivots: (S1) 143.73; (P) 144.38; (R1) 144.73; More….

Intraday bias in EUR/JPY is turned neutral with current retreat and some consolidations could be seen. But downside should be contained above 138.38 resistance turned support bring another rally. On the upside, decisive break of 61.8% projection of 124.37 to 144.26 from 133.38 at 145.67 will pave the way to 149.76 long term resistance, and then 100% projection at 153.27.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Next target is 149.76 (2015 high). For now, outlook will remain bullish as long as 133.38 support holds, even in case of deep pull back.

Daily Pivots: (S1) 143.45; (P) 144.54; (R1) 145.70; More….

EUR/JPY is losing some upside momentum, but intraday bias stays on the upside. Decisive break of 61.8% projection of 124.37 to 144.26 from 133.38 at 145.67 will pave the way to 149.76 long term resistance, and then 100% projection at 153.27. On the downside, below 142.62 minor support will turn intraday bias neutral and bring consolidations, before staging another rally.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Next target is 149.76 (2015 high). For now, outlook will remain bullish as long as 133.38 support holds, even in case of deep pull back.

Daily Pivots: (S1) 142.38; (P) 143.55; (R1) 144.47; More….

EUR/JPY’s rally resumed after brief retreat and intraday bias is back on the upside. Decisive break of 61.8% projection of 124.37 to 144.26 from 133.38 at 145.67 will pave the way to 149.76 long term resistance, and then 100% projection at 153.27. On the downside, below 142.62 minor support will turn intraday bias neutral and bring consolidations, before staging another rally.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Next target is 149.76 (2015 high). For now, outlook will remain bullish as long as 133.38 support holds, even in case of deep pull back.

EUR/JPY rose further to as high as 144.71 last week, and break of 144.26 indicates resumption of larger up trend. But as a temporary top was formed, initial bias is turned neutral for consolidation this week. Downside of retreat should be contained well above 138.68 support. On the upside, break of 144.71 will target 61.8% projection of 124.37 to 144.26 from 133.38 at 145.67 next.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Further rally is in favor as long as 133.38 support holds. Next target is 149.76 (2015 high). However, sustained break of 133.38 will be a sign of medium term bearish reversal and turn focus to 124.37 support for confirmation.

In the long term picture, up trend from 94.11 (2012 low) is seen as in the third leg. Further rally would be seen to 149.76 resistance (2014 high) and above. This will remain the favored case as long as 55 month EMA (now at 129.46) holds.

Daily Pivots: (S1) 142.14; (P) 143.07; (R1) 144.80; More….

Intraday bias in EUR/JPY remains on the upside at this point. Decisive break of 144.26 high will confirm up trend resumption. Next target is 61.8% projection of 124.37 to 144.26 from 133.38 at 145.67. On the downside, below 140.73 minor support will delay the bullish case and turn intraday bias neutral first.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Further rally is in favor as long as 134.11 resistance turned support holds, even in case of deep pull back. Next target is 149.76 (2015 high). However, sustained break of 134.11 will be a sign of medium term bearish reversal and turn focus to 124.37 support for confirmation.

Daily Pivots: (S1) 140.09; (P) 140.92; (R1) 142.27; More….

EUR/JPY’s rally accelerates today and break of 142.31 suggests that larger up trend is ready to resume. Intraday bias stays on the upside for 144.26 high first. Decisive break there will confirm this bullish case and target 61.8% projection of 124.37 to 144.26 from 133.38 at 145.67. On the downside, below 140.63 minor support will delay the bullish case and turn intraday bias neutral first.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Further rally is in favor as long as 134.11 resistance turned support holds, even in case of deep pull back. Next target is 149.76 (2015 high). However, sustained break of 134.11 will be a sign of medium term bearish reversal and turn focus to 124.37 support for confirmation.

Daily Pivots: (S1) 138.96; (P) 139.30; (R1) 139.91; More….

EUR/JPY’s rise from 133.38 resumed after brief consolidations. Intraday bias is back on the upside for 142.31 resistance first. Firm break there will argue that larger up trend is ready to resume through 144.26 high. For now, further rally is expected as long as 138.68 support holds, in case of retreat.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Further rally is in favor as long as 134.11 resistance turned support holds, even in case of deep pull back. Next target is 149.76 (2015 high). However, sustained break of 134.11 will be a sign of medium term bearish reversal and turn focus to 124.37 support for confirmation.

Daily Pivots: (S1) 139.02; (P) 139.88; (R1) 140.51; More….

Intraday bias in EUR/JPY is turned neutral with current retreat. But further rise will be mildly in favor as long as 138.24 minor support holds. Break of 140.73 will resume the rebound from 133.38 to 142.31 resistance next. However, on the downside, break of 138.24 will turn bias back to the downside for 135.50 support instead.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Further rally is in favor as long as 134.11 resistance turned support holds, even in case of deep pull back. Next target is 149.76 (2015 high). However, sustained break of 134.11 will be a sign of medium term bearish reversal and turn focus to 124.37 support for confirmation.

EUR/JPY’s rebound from 133.38 resumed last week and matched 100% projection of 133.38 to 138.38 from 135.50 at 140.50 already. Further rise in favor this week as long as 138.34 minor support holds. Firm break of 140.50 will target 144.26 high next. On the downside, break of 138.24 will turn bias back to the downside for 135.50 support instead.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Further rally is in favor as long as 134.11 resistance turned support holds, even in case of deep pull back. Next target is 149.76 (2015 high). However, sustained break of 134.11 will be a sign of medium term bearish reversal and turn focus to 124.37 support for confirmation.

In the long term picture, up trend from 94.11 (2012 low) is seen as in the third leg. Further rally would be seen to 149.76 resistance (2014 high) and above. This will remain the favored case as long as 55 month EMA (now at 129.33) holds.

Daily Pivots: (S1) 138.93; (P) 139.47; (R1) 140.00; More….

EUR/JPY’s rise from 133.38 is still in progress. Intraday bias stays on the upside for 100% projection of 133.38 to 138.38 from 135.50 at 140.50. Decisive break there will indicate upside acceleration, and raise the chance of up trend resumption through 144.26 high. On the downside, below 138.24 minor support will turn intraday bias neutral again.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Further rally is in favor as long as 134.11 resistance turned support holds, even in case of deep pull back. Next target is 149.76 (2015 high). However, sustained break of 134.11 will be a sign of medium term bearish reversal and turn focus to 124.37 support for confirmation.

Daily Pivots: (S1) 138.74; (P) 139.24; (R1) 140.19; More….

Intraday bias in EUR/JPY remains on the upside. Rise from 133.38 should target 100% projection of 133.38 to 138.38 from 135.50 at 140.50. Decisive break there will indicate upside acceleration, and raise the chance of up trend resumption through 144.26 high. On the downside, below 138.24 minor support will turn intraday bias neutral again.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Further rally is in favor as long as 134.11 resistance turned support holds, even in case of deep pull back. Next target is 149.76 (2015 high). However, sustained break of 134.11 will be a sign of medium term bearish reversal and turn focus to 124.37 support for confirmation.