Tue, Mar 31, 2020 @ 02:06 GMT

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 119.45; (P) 119.88; (R1) 120.13; More….

EUR/JPY drops to as low as 119.05 so far. 119.24 support is broken and there is no sign of bottoming yet. Intraday bias remains on the downside for 100% projection of 122.87 to 119.77 from 121.15 at 118.05 next. On the upside, above 119.59 minor resistance will turn intraday bias neutral first. But recovery should be limited well below 121.15 resistance to bring fall resumption.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Thus, outlook remains bearish. Rise from 115.86 is seen as a corrective rise, which might have completed. Firm break of 115.86 will resume the down trend to 114.84 support next.

- advertisement -

EUR/JPY Daily Outlook

Daily Pivots: (S1) 119.45; (P) 119.88; (R1) 120.13; More….

EUR/JPY’s fall form 122.87 is still in progress nand intraday bias remains on the downside for 119.24 cluster level first (61.8% projection of 122.87 to 119.77 from 121.15 at 119.23). Break there will further affirm the bearish case and target 100% projection at 118.05 next. For now, near term outlook will remain bearish as long as 121.15 resistance holds, in case of recovery.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Thus, outlook remains bearish. Rise from 115.86 is seen as a corrective rise, which might have completed. Firm break of 115.86 will resume the down trend to 114.84 support next.

- advertisement -

EUR/JPY Daily Outlook

Daily Pivots: (S1) 119.62; (P) 119.83; (R1) 120.06; More….

Intraday bias in EUR/JPY remains on the downside at this point. Fall from 112.87 should target 119.24 cluster level first (61.8% projection of 122.87 to 119.77 from 121.15 at 119.23). Break there will further affirm this bearish case and target 100% projection at 118.05 next. For now, near term outlook will remain bearish as long as 121.15 resistance holds, in case of recovery.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Thus, outlook remains bearish. Rise from 115.86 is seen as a corrective rise, which might have completed. Firm break of 115.86 will resume the down trend to 114.84 support next.

- advertisement -

EUR/JPY Daily Outlook

Daily Pivots: (S1) 119.53; (P) 119.93; (R1) 120.19; More….

EUR/JPY’s fall from 112.87 resumed by breaking 119.77 and intraday bias is back on the downside. Fall from 112.87 should target 119.24 cluster level first (61.8% projection of 122.87 to 119.77 from 121.15 at 119.23). Break there will further affirm this bearish case and target 100% projection at 118.05 next. For now, near term outlook will remain bearish as long as 121.15 resistance holds, in case of recovery.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Thus, outlook remains bearish. Rise from 115.86 is seen as a corrective rise, which might have completed. Firm break of 115.86 will resume the down trend to 114.84 support next.

- advertisement -

EUR/JPY Daily Outlook

Daily Pivots: (S1) 119.89; (P) 120.35; (R1) 120.61; More….

Intraday bias in EUR/JPY remains neutral first. Corrective rise from 115.86 could have completed at 122.87 already. On the downside, break of 109.77 will affirm this bearish case and pave the way to retest 115.86 low. Though, break of 121.26 will turn focus back to 122.87 high instead.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Thus, outlook remains bearish. Rise from 115.86 is seen as a corrective rise, which might have completed. Firm break of 115.86 will resume the down trend to 114.84 support next.

- advertisement -

EUR/JPY Weekly Outlook

EUR/JPY recovered to 121.15 last week but failed to take out 121.26 minor resistance and reversed. The development so far affirms the bearish view that corrective rise from 115.86 has completed at 122.87 already. Initial bias is neutral this week first. Break of 119.77 will pave the way to retest 115.86 low. Though, break of 121.26 will turn focus back to 122.87 high instead.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Thus, outlook remains bearish. Rise from 115.86 is seen as a corrective rise, which might have completed. Firm break of 115.86 will resume the down trend to 114.84 support next.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Fall from 137.49 is seen as a falling leg inside the pattern. This falling leg would target 109.48 (2016 low). With EUR/JPY staying below 55 month EMA (now at 125.58), this is the preferred case.

- advertisement -

EUR/JPY Daily Outlook

Daily Pivots: (S1) 120.56; (P) 120.79; (R1) 121.01; More….

Intraday bias in EUR/JPY remains neutral for the moment. As long as 121.26 resistance holds, further decline is expected. As noted before, corrective rise from 115.86 should be completed at 122.87, on bearish divergence condition in daily MACD. On the downside, break of 119.77 will pave the way to retest 115.86 low. However, firm break of 121.26 will dampen this bearish view and turn focus back to 122.87 high instead.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Thus, outlook remains bearish. Rise from 115.86 is seen as a corrective rise, which might have completed. Firm break of 115.86 will resume the down trend to 114.84 support next.

- advertisement -

EUR/JPY Daily Outlook

Daily Pivots: (S1) 120.60; (P) 120.87; (R1) 121.09; More….

EUR/JPY is staying in consolidation from 119.77 and intraday bias remains neutral. As long as 121.26 resistance holds, further decline is expected. As noted before, corrective rise from 115.86 should be completed at 122.87, on bearish divergence condition in daily MACD. On the downside, break of 119.77 will pave the way to retest 115.86 low. However, firm break of 121.26 will dampen this bearish view and turn focus back to 122.87 high instead.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Thus, outlook remains bearish. Rise from 115.86 is seen as a corrective rise, which might have completed. Firm break of 115.86 will resume the down trend to 114.84 support next.

- advertisement -

EUR/JPY Daily Outlook

Daily Pivots: (S1) 120.35; (P) 120.67; (R1) 121.27; More….

Intraday bias in EUR/JPY stays neutral first and further decline is still expected as long as 121.26 resistance holds. As noted before, corrective rise from 115.86 should be completed at 122.87, on bearish divergence condition in daily MACD. On the downside, break of 119.77 will pave the way to retest 115.86 low. however, firm break of 121.26 will dampen this bearish view and turn focus back to 122.87 high instead.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Thus, outlook remains bearish. Rise from 115.86 is seen as a corrective rise, which might have completed. Firm break of 115.86 will resume the down trend to 114.84 support next.

- advertisement -

EUR/JPY Daily Outlook

Daily Pivots: (S1) 119.97; (P) 120.17; (R1) 120.43; More….

EUR/JPY is staying in consolidation fro m119.77 temporary low and intraday bias remains neutral first. In case of stronger recovery, upside should be limited below 121.26 resistance to bring fall resumption. As noted before, corrective rise from 115.86 should be completed at 122.87, on bearish divergence condition in daily MACD. On the downside, break of 119.77 will pave the way to retest 115.86 low.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Thus, outlook remains bearish. Rise from 115.86 is seen as a corrective rise, which might have completed. Firm break of 115.86 will resume the down trend to 114.84 support next.

- advertisement -

EUR/JPY Daily Outlook

Daily Pivots: (S1) 120.03; (P) 120.22; (R1) 120.40; More….

Intraday bias in EUR/JPY remains neutral for consolidation above 119.77 temporary low. Upside of recovery should be limited by 121.26 resistance to bring fall resumption. As noted before, corrective rise from 115.86 should be completed at 122.87, on bearish divergence condition in daily MACD. On the downside, break of 122.87 will pave the way to retest 115.86 low.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Thus, outlook remains bearish. Rise from 115.86 is seen as a corrective rise, which might have completed. Firm break of 115.86 will resume the down trend to 114.84 support next.

- advertisement -

EUR/JPY Weekly Outlook

EUR/JPY dropped to 119.77 last week but turned into consolidation. Initial bias remains neutral this week first and another recovery cannot be ruled out. But upside should be limited below 121.26 minor resistance to bring fall resumption. As noted before, corrective rise from 115.86 should be completed at 122.87, on bearish divergence condition in daily MACD. On the downside, break of 122.87 will pave the way to retest 115.86 low.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Thus, outlook remains bearish. Rise from 115.86 is seen as a corrective rise, which might have completed. Firm break of 115.86 will resume the down trend to 114.84 support next.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Fall from 137.49 is seen as a falling leg inside the pattern. This falling leg would target 109.48 (2016 low). With EUR/JPY staying below 55 month EMA (now at 125.58), this is the preferred case.

- advertisement -

EUR/JPY Daily Outlook

Daily Pivots: (S1) 119.90; (P) 120.08; (R1) 120.37; More….

EUR/JPY is staying in consolidation from 119.80 and intraday bias remains neutral first. Upside should be limited by 121.26 minor resistance to bring another decline. The corrective rise from 115.86 should be completed at 122.87, on bearish divergence condition in daily MACD Break of 119.80 will target a rest on 115.86 low. However, break of 121.26 will dampen this bearish view and turn focus back to 122.87 high.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Rise from 115.86 is seen as a corrective rise. Strong resistance could be seen at falling channel resistance to limit upside. However, sustained break of the channel resistance will carry larger bullish implication and target 127.50 key resistance next.

- advertisement -

EUR/JPY Daily Outlook

Daily Pivots: (S1) 119.81; (P) 120.12; (R1) 120.35; More….

Intraday bias in EUR/JPY remains neutral for consolidation above 119.80 temporary low. Upside should be limited by 121.26 minor resistance to bring another decline. The corrective rise from 115.86 should be completed at 122.87, on bearish divergence condition in daily MACD Break of 119.80 will target a rest on 115.86 low. However, break of 121.26 will dampen this bearish view and turn focus back to 122.87 high.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Rise from 115.86 is seen as a corrective rise. Strong resistance could be seen at falling channel resistance to limit upside. However, sustained break of the channel resistance will carry larger bullish implication and target 127.50 key resistance next.

- advertisement -

EUR/JPY Daily Outlook

Daily Pivots: (S1) 119.97; (P) 120.15; (R1) 120.50; More….

A temporary low is formed at 119.80 and intraday bias in EUR/JPY is turned neutral for consolidations. Upside should be limited by 121.26 minor resistance to bring another decline. The corrective rise from 115.86 should be completed at 122.87, on bearish divergence condition in daily MACD Break of 119.80 will target a rest on 115.86 low. However, break of 121.26 will dampen this bearish view and turn focus back to 122.87 high.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Rise from 115.86 is seen as a corrective rise. Strong resistance could be seen at falling channel resistance to limit upside. However, sustained break of the channel resistance will carry larger bullish implication and target 127.50 key resistance next.

- advertisement -

EUR/JPY Daily Outlook

Daily Pivots: (S1) 119.81; (P) 120.10; (R1) 120.30; More….

Intraday bias in EUR/JPY remains on the downside for the moment. The corrective rise from 115.86 should be completed at 122.87, on bearish divergence condition in daily MACD. Further fall should be seen to retest 115.86 low. On the upside, above 121.26 minor resistance will turn intraday bias neutral first. But risk will now stay on the downside as long as 122.87 resistance holds, in case of recovery.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Rise from 115.86 is seen as a corrective rise. Strong resistance could be seen at falling channel resistance to limit upside. However, sustained break of the channel resistance will carry larger bullish implication and target 127.50 key resistance next.

- advertisement -

EUR/JPY Daily Outlook

Daily Pivots: (S1) 120.19; (P) 120.73; (R1) 121.03; More….

EUR/JPY reaches as low as 119.93 so far as fall from 122.87 extends. Break of 120.17 support indicates completion of completion of corrective rise from 115.86, on bearish divergence condition in daily MACD. Further fall should be seen to retest 115.86 low. On the upside, above 121.26 minor resistance will turn intraday bias neutral first. But risk will now stay on the downside as long as 122.87 resistance holds, in case of recovery.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Rise from 115.86 is seen as a corrective rise. Strong resistance could be seen at falling channel resistance to limit upside. However, sustained break of the channel resistance will carry larger bullish implication and target 127.50 key resistance next.

- advertisement -

EUR/JPY Weekly Outlook

EUR/JPY dropped to as low as 120.41 last week. The break of near term channel support suggests completion of corrective rise from 115.86, on bearish divergence condition in daily MACD. Initial bias stays on the downside this week for 120.17 support. Decisive break there should confirm this case and target a retest on 115.86 low. On the upside, above 121.26 minor resistance will turn intraday bias neutral first. But risk will now stay on the downside as long as 122.87 resistance holds.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Rise from 115.86 is seen as a corrective rise. Strong resistance could be seen at falling channel resistance to limit upside. However, sustained break of the channel resistance will carry larger bullish implication and target 127.50 key resistance next.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Fall from 137.49 is seen as a falling leg inside the pattern. This falling leg would target 109.48 (2016 low). With EUR/JPY staying below 55 month EMA (now at 125.65), this is the preferred case.

- advertisement -

EUR/JPY Daily Outlook

Daily Pivots: (S1) 120.51; (P) 121.20; (R1) 121.76; More….

EUR/JPY’s fall from 122.87 extends to as low as 120.63 so far and intraday bias remains on the downside. With 55 day EMA taken out, focus is now on 120.17 structure support. Sustained break there will argue that whole rise from 115.86 has completed and turn outlook bearish. Nevertheless, strong rebound from the current level, followed by break of 121.74 minor resistance, will retain near term bullishness. Retest of 122.87 high should then be seen.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Rise from 115.86 is seen as a corrective rise for the moment. Strong resistance could be seen at falling channel resistance to limit upside. However, sustained break of the channel resistance will carry larger bullish implication and target 127.50 key resistance next.

- advertisement -

EUR/JPY Daily Outlook

Daily Pivots: (S1) 121.65; (P) 121.84; (R1) 122.05; More….

EUR/JPY’s correction from 122.87 short term top is in progress. Intraday bias remains on the downside for 55 day EMA (now at 121.18). Break there will target 120.17 structural support. On the upside, above 122.01 minor resistance will turn bias back to the upside for 122.87 resistance.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Rise from 115.86 is seen as a corrective rise for the moment. Strong resistance could be seen at falling channel resistance to limit upside. However, sustained break of the channel resistance will carry larger bullish implication and target 127.50 key resistance next.

- advertisement -
- advertisement -