Sun, Feb 28, 2021 @ 16:05 GMT

EUR/JPY Daily Outlook

Daily Pivots: (S1) 125.88; (P) 126.20; (R1) 126.48; More….

EUR/JPY’s breach of 126.03, and break of trend line support, indicates short term topping at 127.48. Intraday bias is back not the downside. Deeper fall would be seen to 38.2% retracement of 121.63 to 127.48 at 125.24. On the upside, break of 127.48 high is now needed to confirm rise resumption. Otherwise, rise will stay on the downside in case of recovery.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 121.63 support holds. Decisive break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67. Sustained trading above there will target 137.49 next. However, firm break of 121.63 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.10; (P) 126.42; (R1) 126.61; More….

EUR/JPY is staying in consolidation in range of 126.03/127.48 and intraday bias remains neutral first. Further rise is in favor as long as 126.03 support holds. On the upside, break of 127.48 will resume larger rise from 114.42 to 128.67 medium term fibonacci level. On the downside, firm break of 126.03 will suggest short term topping. Intraday bias will be turned back to the downside for deeper pull back, towards 125.13 resistance turned support first.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 121.63 support holds. Decisive break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67. Sustained trading above there will target 137.49 next. However, firm break of 121.63 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.50; (P) 126.69; (R1) 126.83; More….

Intraday bias in EUR/JPY remains neutral as consolidation from 127.48 is extending. Outlook will stay bullish as long as 126.03 support holds. Break of 127.48 will resume larger rise from 114.42. Next target is 128.67 medium term fibonacci level. However, firm break of 126.03 will suggest short term topping. Intraday bias will be turned back to the downside for deeper pull back, towards 125.13 resistance turned support first.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 121.63 support holds. Decisive break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67. Sustained trading above there will target 137.49 next. However, firm break of 121.63 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.44; (P) 126.77; (R1) 126.98; More….

EUR/JPY is staying in consolidation from 127.48 and intraday bias remains neutral first. Outlook will stay bullish as long as 126.03 support holds. Break of 127.48 will resume larger rise from 114.42. Next target is 128.67 medium term fibonacci level. However, firm break of 126.03 will suggest short term topping. Intraday bias will be turned back to the downside for deeper pull back, towards 125.13 resistance turned support first.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 121.63 support holds. Decisive break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67. Sustained trading above there will target 137.49 next. However, firm break of 121.63 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.77; (P) 127.12; (R1) 127.41; More….

Intraday bias in EUR/JPY remains neutral for consolidation below 127.48 temporary top. Outlook will stay bullish as long as 126.03 support holds. Break of 127.48 will resume larger rise from 114.42. Next target is 128.67 medium term fibonacci level. However, firm break of 126.03 will suggest short term topping. Intraday bias will be turned back to the downside for deeper pull back, towards 125.13 resistance turned support first.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 121.63 support holds. Decisive break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67. Sustained trading above there will target 137.49 next. However, firm break of 121.63 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY Weekly Outlook

EUR/JPY edged higher to 127.48 last week but retreated since then. Initial bias is turned neutral this week first. Outlook will stay bullish as long as 126.03 support holds. Break of 127.48 will resume larger rise from 114.42. Next target is 128.67 medium term fibonacci level. However, firm break of 126.03 will suggest short term topping. Intraday bias will be turned back to the downside for deeper pull back.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 121.63 support holds. Decisive break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67. Sustained trading above there will target 137.49 next. However, firm break of 121.63 will argue that the rise from 114.42 has completed and turn focus back to this low.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Another rising leg could have started for 137.49 resistance and above.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 127.04; (P) 127.26; (R1) 127.61; More….

EUR/JPY’s break of 127.22 resistance suggests up trend resumption. Intraday bias is back on the upside. The current rise from 114.42 should target 128.67 medium term fibonacci level. For now, outlook will remains bullish as long as 125.92 support holds, even in case of retreat.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 121.63 support holds. Decisive break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67. Sustained trading above there will target 137.49 next. However, firm break of 121.63 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.38; (P) 126.82; (R1) 127.49; More….

Intraday bias in EUR/JPY remains neutral at this point, with focus on 127.22 resistance. Firm break there will resume larger rally from 114.42. Next target will be 128.67 medium term fibonacci level. In any case, outlook will remain bullish as long as 125.92 support holds, in case of another retreat.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 121.63 support holds. Decisive break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67. Sustained trading above there will target 137.49 next. However, firm break of 121.63 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.05; (P) 126.31; (R1) 126.56; More….

EUR/JPY is remaining in consolidation from 127.22 and intraday bias stays neutral first. Further rise is mildly in favor as long as 125.92 support holds. Break of 127.22 will resume whole rise from 114.42 for 128.67 medium term fibonacci level. However, firm break of 125.92 will indicate rejection by 127.07 resistance. Intraday bias will be turned back to the downside, to extend the consolidation from 127.07 with another leg.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 121.63 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67. Sustained trading above there will target 137.49 next. However, firm break of 121.63 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.05; (P) 126.42; (R1) 126.75; More….

Intraday bias in EUR/JPY stays neutral for consolidation below 127.22. Further rise is mildly in favor as long as 125.92 support holds. Break of 127.22 will resume whole rise from 114.42 for 128.67 medium term fibonacci level. However, firm break of 125.92 will indicate rejection by 127.07 resistance. Intraday bias will be turned back to the downside, to extend the consolidation from 127.07 with another leg.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 121.63 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67. Sustained trading above there will target 137.49 next. However, firm break of 121.63 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 125.13; (P) 125.81; (R1) 126.38; More….

Intraday bias in EUR/JPY is turned neutral with the current retreat. Further rise is mildly in favor as long as 125.92 support holds. Break of 127.22 will resume whole rise from 114.42 for 128.67 medium term fibonacci level. However, firm break of 125.92 will indicate rejection by 127.07 resistance. Intraday bias will be turned back to the downside, to extend the consolidation from 127.07 with another leg.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 121.63 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67. Sustained trading above there will target 137.49 next. However, firm break of 121.63 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.67; (P) 126.95; (R1) 127.20; More….

Intraday bias in EUR/JPY remains mildly on the upside for the moment. Rise from 114.42 is resuming for 128.67 medium term fibonacci level. On the downside, however, break of 126.04 support will indicate rejection by 127.07. Intraday bias will be turned back to the downside, to extend the consolidation from 127.07 with another leg.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 121.63 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67. Sustained trading above there will target 137.49 next. However, firm break of 121.63 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 126.23; (P) 126.59; (R1) 127.14; More….

EUR/JPY’s break of 127.07 resistance suggests resumption of whole rise from 114.42. Intraday bias is back on the upside. Further rise should be seen to 128.67 medium term fibonacci level. On the downside, however, break of 126.04 support will indicate rejection by 127.07. Intraday bias will be turned back to the downside, to extend the consolidation from 127.07 with another leg.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 121.63 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67. Sustained trading above there will target 137.49 next. However, firm break of 121.63 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.23; (P) 126.59; (R1) 127.14; More….

Focus is now on 127.07 resistance in EUR/JPY with today’s rise. Decisive break there will resume whole rebound from 114.42. Next target is 128.67 medium term fibonacci level. On the downside, though, break of 125.70 support will turn bias to the downside, to extend the consolidation pattern from1 27.07 with another falling leg.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67. Sustained trading above there will target 137.49 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.00; (P) 126.31; (R1) 126.70; More….

EUR/JPY is staying in consolidation from 127.01 and intraday bias remains neutral for the moment. On the upside, firm break of 127.07 will resume whole rebound from 114.42. Next target is 128.67 medium term fibonacci level. On the downside, though, break of 125.70 support will turn bias to the downside, to extend the consolidation pattern from1 27.07 with another falling leg.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67. Sustained trading above there will target 137.49 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.00; (P) 126.31; (R1) 126.70; More….

Intraday bias in EUR/JPY remains neutral for more consolidations first. On the upside, firm break of 127.07 will resume whole rebound from 114.42. Next target is 128.67 medium term fibonacci level. On the downside, though, break of 125.70 support will turn bias to the downside, to extend the consolidation pattern from1 27.07 with another falling leg.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67. Sustained trading above there will target 137.49 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.00; (P) 126.31; (R1) 126.70; More….

EUR/JPY is staying in consolidation below 127.01 and intraday bias remains neutral first. On the upside, firm break of 127.07 will resume whole rebound from 114.42. Next target is 128.67 medium term fibonacci level. On the downside, though, break of 125.70 support will turn bias to the downside, to extend the consolidation pattern from1 27.07 with another falling leg.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67. Sustained trading above there will target 137.49 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.32; (P) 126.67; (R1) 126.94; More….

Intraday bias in EUR/JPY remains neutral at this point, and more consolidative trading could be seen. On the upside, firm break of 127.07 will resume whole rebound from 114.42. Next target is 128.67 medium term fibonacci level. On the downside, though, break of 125.70 support will turn bias to the downside, to extend the consolidation pattern from1 27.07 with another falling leg.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67. Sustained trading above there will target 137.49 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY Weekly Outlook

EUR/JPY edged higher to 127.01 last week but failed to break through 127.07 resistance so far. Initial bias is neutral this week first. Firm break of 127.07 will resume whole rebound from 114.42. Next target is 128.67 medium term fibonacci level. On the downside, though, break of 125.70 support will turn bias to the downside, to extend the consolidation pattern from1 27.07 with another falling leg.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67. Sustained trading above there will target 137.49 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Another rising leg could have started for 137.49 resistance and above.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 126.17; (P) 126.34; (R1) 126.67; More….

Intraday bias in EUR/JPY remains neutral for the moment as consolidation from 126.74 continues. Break of 126.74 will put focus on 127.07 resistance. Decisive break there will resume whole rise from 114.42. Next target will be 128.67 medium term fibonacci level. In any case, outlook will remain cautiously bullish as long as 125.13 resistance turned support holds, in case of another retreat.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. Sustained trading above there will target 137.49 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.