Daily Pivots: (S1) 177.03; (P) 177.44; (R1) 177.99; More…

EUR/JPY’s up trend is in progress and intraday bias stays on the upside. Further rise should be seen to 61.8% projection of 161.06 to 173.87 from 172.24 at 180.15 next. On the downside, below 177.15 minor support will turn intraday bias neutral and bring consolidations. But retreat should be contained above 175.03 resistance turned support to bring another rally.

In the bigger picture, up trend from 114.42 (2020 low) is resuming with break of 175.41 (2024 high). Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. Outlook will continue to stay bullish as long as 55 W EMA (now at 166.82) holds, even in case of deep pullback.

Daily Pivots: (S1) 176.18; (P) 176.66; (R1) 177.54; More…

Intraday bias in EUR/JPY remains on the upside for the moment. Sustained break of 38.2% projection of 161.06 to 173.87 from 172.24 at 177.13 should further solidify momentum to 61.8% projection at 180.15 next. On the downside, below 175.76 minor support will turn intraday bias neutral again and bring consolidations, before staging another rise.

In the bigger picture, up trend from 114.42 (2020 low) is resuming with break of 175.41 (2024 high). Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. Outlook will continue to stay bullish as long as 55 W EMA (now at 166.82) holds, even in case of deep pullback.

Daily Pivots: (S1) 175.15; (P) 175.70; (R1) 176.67; More…

Intraday bias in EUR/JPY remains on the upside for the moment. Current rise should target 38.2% projection of 161.06 to 173.87 from 172.24 at 177.13. Firm break there will open the path to 61.8% projection at 180.15. On the downside, below 174.88 minor support will turn intraday bias neutral again first. But outlook will stay bullish as long as 172.24 support holds, in case of retreat.

In the bigger picture, up trend from 114.42 (2020 low) is resuming with break of 175.41 (2024 high). Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. Outlook will continue to stay bullish as long as 55 W EMA (now at 166.82) holds, even in case of deep pullback.

Daily Pivots: (S1) 172.68; (P) 172.96; (R1) 173.50; More…

EUR/JPY’s up trend resumed by breaking through 175.41 key resistance. Intraday bias is back on the upside. Next near term target is 38.2% projection of 161.06 to 173.87 from 172.24 at 177.13. Firm break there will open the path to 61.8% projection at 180.15. For now, outlook will stay bullish as long as 172.24 support holds, in case of retreat.

In the bigger picture, up trend from 114.42 (2020 low) is resuming with break of 175.41 (2024 high). Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. Outlook will continue to stay bullish as long as 55 W EMA (now at 166.82) holds, even in case of deep pullback.

EUR/JPY’s steep pullback last week confirmed short term topping at 175.03, just ahead of 175.41 high. But the cross then recovered after hitting 55 D EMA (now at 172.25). Initial bias remains neutral this week, with risk staying on the downside as long as 175.03 resistance holds. Considering bearish divergence condition in D MACD, sustained trading below 55 D EMA will indicate that whole five-wave rise from 154.77 has completed. Deeper decline should then be seen to 169.69 support next, and possibly to 38.2% retracement from 154.77 to 175.03 at 167.29.

In the bigger picture, rise from 154.77 is seen as resuming the larger up trend from 114.42 (2020 low). While initial set back could be seen as it tests 175.41 (2024 high), outlook will stay bullish as long as 55 W EMA (now at 166.48) holds. However, sustained break of the 55 W EMA will dampen this bullish case, and bring deeper fall back to 154.77 to extend the pattern from 175.41.

In the long term picture, up trend from 94.11 (2021 low) is still in progress. On resumption, next target is 138.2% projection of 94.11 to 149.76 (2014 high) from 114.42 (2020 low) at 191.32. This will remain the favored case as long as 154.77 support holds.

Daily Pivots: (S1) 171.92; (P) 172.92; (R1) 173.53; More…

EUR/JPY recovered after drawing support fro 55 D EMA (now at 172.25) and intraday bias is turned neutral first. Risk will stay on the downside as long as 175.03 resistance holds. On the downside, sustained trading below 55 D EMA will argue that whole five-wave rally from 154.77 has completed. Further fall should then be seen to 169.69 support next.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 (2022 low) to 175.41 from 154.77 (2025 low) at 186.31. However, sustained break of 55 D EMA will delay this bullish case, bring deeper pullback to 169.69 support first.

Daily Pivots: (S1) 171.92; (P) 172.92; (R1) 173.53; More…

Intraday bias in EUR/JPY remains on the downside as fall from 175.03 is in progress. Sustained break of 55 D EMA (now at 172.24) will argue that whole five-wave rally from 154.77 has also completed. Further fall should then be seen to 169.69 support next. On the upside, above 173.37 will turn bias neutral first. But risk will stay on the downside as long as 175.03 resistance holds, in case of recovery.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 (2022 low) to 175.41 from 154.77 (2025 low) at 186.31. However, sustained break of 55 D EMA will delay this bullish case, bring deeper pullback to 169.69 support first.

Daily Pivots: (S1) 173.17; (P) 173.80; (R1) 174.20; More…

Intraday bias in EUR/JPY stays on the downside for the moment. Fall from 175.03 short term bottom is in progress for 55 D EMA (now at 172.24). Sustained break there will argue that whole five-wave rally from 154.77 has also completed. On the upside, above 174.39 will turn bias neutral first. But risk will stay on the downside as long as 175.03 resistance holds, in case of recovery.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 (2022 low) to 175.41 from 154.77 (2025 low) at 186.31. However, sustained break of 55 D EMA will delay this bullish case, bring deeper pullback to 169.69 support first.

Daily Pivots: (S1) 173.77; (P) 174.48; (R1) 174.97; More…

EUR/JPY’s break of 173.88 resistance turned support indicates short term topping at 175.03, after rejection by 175.41 high. Intraday bias is back on the downside for 55 D EMA (now at 172.20). Sustained break there will argue that whole five-wave rally from 154.77 has also completed. For now, risk will stay on the downside as long as 175.03 resistance holds, in case of recovery.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 (2022 low) to 175.41 from 154.77 (2025 low) at 186.31. However, sustained break of 55 D EMA (now at 172.20) will delay this bullish case, bring deeper pullback to 169.69 support first.

Daily Pivots: (S1) 174.57; (P) 174.82; (R1) 175.15; More…

Intraday bias in EUR/JPY is turned neutral first with current retreat. Above 175..03 will resume larger rise to 175.41 high. Decisive break there will resume larger up trend. On the downside, however, firm break of 173.88 resistance turned support will turn bias back to the downside for deeper pullback to 172.11 support instead.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 (2022 low) to 175.41 from 154.77 (2025 low) at 186.31. However, sustained break of 55 D EMA (now at 172.15) will delay this bullish case, bring deeper pullback to 169.69 support first.

EUR/JPY’s rally continued last week. While momentum is relatively unconvincing as seen in 4H MACD, there is no sign of topping. Initial bias stays on the upside for 175.41 high. Decisive break there will resume larger up trend. On the downside, however, firm break of 173.88 resistance turned support will turn bias back to the downside for deeper pullback to 172.11 support instead.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 (2022 low) to 175.41 from 154.77 (2025 low) at 186.31. However, sustained break of 55 D EMA (now at 171.96) will delay this bullish case, bring deeper pullback to 169.69 support first.

In the long term picture, up trend from 94.11 (2021 low) is still in progress. On resumption, next target is 138.2% projection of 94.11 to 149.76 (2014 high) from 114.42 (2020 low) at 191.32.

Daily Pivots: (S1) 174.51; (P) 174.73; (R1) 174.96; More…

Intraday bias in EUR/JPY remains on the upside for retesting 175.41 high. Decisive break there will resume larger up trend. On the downside, however, firm break of 173.88 resistance turned support will turn bias back to the downside for deeper pullback to 172.11 support instead.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 (2022 low) to 175.41 from 154.77 (2025 low) at 186.31. However, sustained break of 169.69 support will delay this bullish case, and probably extend the correction from 175.41 with another fall.

Daily Pivots: (S1) 174.40; (P) 174.60; (R1) 174.98; More…

EUR/JPY’s rally continues today and intraday bias stays on the upside for retesting 175.41 high. Decisive break there will resume larger up trend. On the downside, however, firm break of 173.88 resistance turned support will turn bias back to the downside for deeper pullback to 172.11 support instead.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 (2022 low) to 175.41 from 154.77 (2025 low) at 186.31. However, sustained break of 169.69 support will delay this bullish case, and probably extend the correction from 175.41 with another fall.

Daily Pivots: (S1) 174.04; (P) 174.38; (R1) 174.80; More…

Intraday bias in EUR/JPY is back on the upside with break of 174.48 temporary top. Further rise should be seen to retest 175.41 high. Decisive break there will resume larger up trend. However, firm break of 173.45 will turn bias back to the downside for deeper pullback to 172.11 support instead.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 (2022 low) to 175.41 from 154.77 (2025 low) at 186.31. However, sustained break of 169.69 support will delay this bullish case, and probably extend the correction from 175.41 with another fall.

Daily Pivots: (S1) 173.91; (P) 174.15; (R1) 174.61; More…

Intraday bias in EUR/JPY stays neutral and more consolidations could be seen. Further rise is expected as long as 173.45 minor support holds. Above 174.48 will target a retest on 175.41 high. However, firm break of 173.45 will turn bias back to the downside for deeper pullback to 172.11 support instead.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 (2022 low) to 175.41 from 154.77 (2025 low) at 186.31. However, sustained break of 169.69 support will delay this bullish case, and probably extend the correction from 175.41 with another fall.

Daily Pivots: (S1) 173.33; (P) 173.92; (R1) 174.36; More…

Intraday bias in EUR/JPY remains neutral and more consolidations could be seen below 174.48. But outlook will stay bullish as long as 172.11 support holds. Above 174.48 will target a retest on 175.41 high. However, firm break of 172.11 support will confirm short term topping, and turn bias back to the downside for deeper pullback.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 (2022 low) to 175.41 from 154.77 (2025 low) at 186.31. However, sustained break of 169.69 support will delay this bullish case, and probably extend the correction from 175.41 with another fall.

EUR/JPY’s rally resumed by breaking through 173.77/8 resistance but lost momentum again after hitting 174.48. Initial bias remains neutral this week for more consolidations. Outlook will stay bullish as long as 172.11 support holds. Above 174.48 will target a retest on 175.41 high. However, firm break of 172.11 support will confirm short term topping, and turn bias back to the downside for deeper pullback.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 (2022 low) to 175.41 from 154.77 (2025 low) at 186.31. However, sustained break of 169.69 support will delay this bullish case, and probably extend the correction from 175.41 with another fall.

In the long term picture, up trend from 94.11 (2021 low) is still in progress. On resumption, next target is 138.2% projection of 94.11 to 149.76 (2014 high) from 114.42 (2020 low) at 191.32.

Daily Pivots: (S1) 173.76; (P) 174.11; (R1) 174.80; More…

Intraday bias in EUR/JPY is turned neutral with current retreat, and some consolidations would be seen below 174.48. Further rise is expected as long as 172.11 support holds. Above 174.48 will resume larger rise from 154.77 to retest 175.41 high. However, firm break of 172.11 support will confirm short term topping, and turn bias back to the downside for deeper pullback.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, sustained break of 169.69 support will delay this bullish case, and probably extend the correction from 175.41 with another fall.

Daily Pivots: (S1) 173.19; (P) 173.52; (R1) 173.95; More…

Intraday bias in EUR/JPY is back on the upside with break of 173.87/88 resistance. Rise from 154.77 is resuming and should target a retest on 175.41 high. On the downside, below 173.07 minor support will turn intraday bias neutral again first.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, sustained break of 169.69 support will delay this bullish case, and probably extend the correction from 175.41 with another fall.

Daily Pivots: (S1) 173.25; (P) 173.55; (R1) 174.07; More…

EUR/JPY is staying in range below 173.88 and intraday bias stays neutral. On the upside, decisive break of 173.87/8 will resume the rally from 154.77 to retest 175.41 high. However, break of 172.11 will extend the corrective pattern from 173.87 with another fall. Bias will be back to the downside for 171.09 support first.

In the bigger picture, current rally from 154.77 is still tentatively seen as resuming the larger up trend. Firm break of 175.41 (2024 high) will confirm and target 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, sustained break of 38.2% retracement of 161.06 to 173.87 at 168.97 will delay this bullish case, and probably extend the correction from 175.41 with another fall.