EUR/JPY failed to break through 130.65 resistance so far and intraday bias remains neutral first. On the downside, break of 129.56 minor support will extend the consolidation from 130.65 with another fall. Intraday bias will be turned back to the downside for 128.28 support. But downside should be contained above 127.48 resistance turned support. On the upside, decisive break of 130.65 will resume the whole rally from 114.42, for 100% projection of 114.42 to 127.07 from 121.63 at 134.28.

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 125.07 support holds. Next target is 137.49 (2018 high). Decisive break there will open up the possibility that it’s indeed resuming the up trend from 94.11 (2012 low).

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

Daily Pivots: (S1) 129.69; (P) 130.08; (R1) 130.60; More….

EUR/JPY failed to break through 130.65 resistance so far and intraday bias remains neutral first. On the downside, break of 129.56 minor support will extend the consolidation from 130.65 with another fall. Intraday bias will be turned back to the downside for 128.28 support. But downside should be contained above 127.48 resistance turned support. On the upside, decisive break of 130.65 will resume the whole rally from 114.42.

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 125.07 support holds. Next target is 137.49 (2018 high).

Daily Pivots: (S1) 129.91; (P) 130.23; (R1) 130.65; More….

Focus is now on 130.65 resistance in EUR/JPY. Firm break there will resume larger up trend from 114.42. On the downside, break of 129.63 minor support will extend the consolidation from 130.65 with another fall. Intraday bias will be turned back to the downside for 128.28 support. But downside should be contained above 127.48 resistance turned support.

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 125.07 support holds. Next target is 137.49 (2018 high).

Daily Pivots: (S1) 129.91; (P) 130.23; (R1) 130.65; More….

Intraday bias in EUR/JPY remains neutral for the moment. Consolidation from 130.65 could extend with another fall. But downside should be contained above 127.48 resistance turned support. On the upside, decisive break of 130.65 high will resume larger up trend from 114.42.

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 125.07 support holds. Next target is 137.49 (2018 high).

Daily Pivots: (S1) 129.90; (P) 130.09; (R1) 130.33; More….

EUR/JPY is staying in the consolidation pattern from 130.65, and intraday bias remains neutral. On the upside, decisive break of 130.65 high will resume larger up trend from 114.42. On the downside, below 128.28 will extend the correction from 130.65. But downside should be contained above 127.48 resistance turned support to bring rise resumption.

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 125.07 support holds. Next target is 137.49 (2018 high).

Daily Pivots: (S1) 130.03; (P) 130.17; (R1) 130.31; More….

Intraday bias in EUR/JPY remains neutral and consolidation from 130.65 is still extending. On the upside, decisive break of 130.65 high will resume larger up trend from 114.42. On the downside, below 128.28 will extend the correction from 130.65. But downside should be contained above 127.48 resistance turned support to bring rise resumption.

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 125.07 support holds. Next target is 137.49 (2018 high).

Daily Pivots: (S1) 129.39; (P) 129.72; (R1) 130.18; More….

EUR/JPY’s consolidation from 130.65 could still extend and intraday bias remains neutral first. On the upside, decisive break of 130.65 high will resume larger up trend from 114.42. On the downside, below 128.28 will extend the correction from 130.65. But downside should be contained above 127.48 resistance turned support to bring rise resumption.

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 125.07 support holds. Next target is 137.49 (2018 high).

Daily Pivots: (S1) 129.10; (P) 129.32; (R1) 129.53; More….

Intraday bias in EUR/JPY stays neutral for more consolidations below 130.65. On the upside, decisive break of 130.65 high will resume larger up trend from 114.42. On the downside, below 128.28 will extend the correction from 130.65. But downside should be contained above 127.48 resistance turned support to bring rise resumption.

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 125.07 support holds. Next target is 137.49 (2018 high).

Daily Pivots: (S1) 128.89; (P) 129.16; (R1) 129.49; More….

Intraday bias in EUR/JPY remains neutral for the moment, and more consolidations could be seen. On the upside, decisive break of 130.65 high will resume larger up trend from 114.42. On the downside, below 128.28 will extend the correction from 130.65. But downside should be contained above 127.48 resistance turned support to bring rise resumption.

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 125.07 support holds. Next target is 137.49 (2018 high).

Daily Pivots: (S1) 128.70; (P) 129.08; (R1) 129.73; More….

Intraday bias in EUR/JPY is turned neutral as the rebound from 128.28 quickly lost momentum. On the upside, decisive break of 130.65 high will resume larger up trend from 114.42. On the downside, below 128.28 will extend the correction from 130.65. But downside should be contained above 127.48 resistance turned support to bring rise resumption.

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 125.07 support holds. Next target is 137.49 (2018 high).

EUR/JPY dipped to 128.28 last week but rebounded since then. Initial bias is mildly on the upside for retesting 130.65 high. Break there will resume larger up trend from 114.42. On the downside, below 128.28 will extend the correction from 130.65. But downside should be contained above 127.48 resistance turned support to bring rise resumption.

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 125.07 support holds. Next target is 137.49 (2018 high).

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

Daily Pivots: (S1) 128.26; (P) 128.60; (R1) 128.82; More….

Intraday bias in EUR/JPY remains neutral for the moment. Correction from 130.65 short term top could still extend lower. But downside should be contained above 127.48 resistance turned support to bring rebound. On the upside, above 129.12 support turned resistance will turn intraday bias back to the upside for retesting 130.65.

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 125.07 support holds. Next target is 137.49 (2018 high).

Daily Pivots: (S1) 128.18; (P) 128.52; (R1) 128.75; More….

Intraday bias in EUR/JPY is turned neutral with 4 hour MACD crossed above signal line. Correction from 130.65 short term top could still extend lower. But downside should be contained above 127.48 resistance turned support to bring rebound. On the upside, above 129.12 support turned resistance will turn intraday bias back to the upside for retesting 130.65.

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 125.07 support holds. Next target is 137.49 (2018 high).

Daily Pivots: (S1) 128.21; (P) 129.06; (R1) 129.53; More….

EUR/JPY’s correction from 130.65 extends lower today and intraday bias is now on the downside for 55 day EMA (now at 127.99) and below. But downside should be contained above 127.48 resistance turned support to bring rebound. On the upside, above 129.12 support turned resistance will turn intraday bias neutral first. But the corrective pattern could extend further as long as 130.65 resistance holds, 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 125.07 support holds. Next target is 137.49 (2018 high).

Daily Pivots: (S1) 129.27; (P) 129.61; (R1) 130.21; More….

EUR/JPY is staying in correction from 130.65 short term top. Deeper decline could be seen to 55 day EMA (now at 128.01). But downside should be contained above 127.48 resistance turned support to bring rise resumption. For now, risk will stay mildly on the downside for more corrective moves as long as 130.65 holds, 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 125.07 support holds. Next target is 137.49 (2018 high).

Daily Pivots: (S1) 129.30; (P) 129.65; (R1) 129.98; More….

Intraday bias in EUR/JPY remains mildly on the downside at this point. Correction from 130.65 short term top could extend lower towards 55 day EMA (now at 127.93). But downside should be contained above 127.48 resistance turned support to bring rise resumption. For now, risk will stay mildly on the downside for more corrective moves as long as 130.65 holds, 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 125.07 support holds. Next target is 137.49 (2018 high).

EUR/JPY edged higher to 130.65 last week but retreated since then. Breach of 129.47 support indicates short term topping, on bearish divergence condition in 4 hour MACD. Initial bias is mildly on the downside this week for pull back. But downside should be contained above 127.48 resistance turned support to bring rise resumption. But for now, risk will stay mildly on the downside as long as 130.65 holds, 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 125.07 support holds. Next target is 137.49 (2018 high).

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

Daily Pivots: (S1) 129.36; (P) 130.02; (R1) 130.43; More….

Intraday bias in EUR/JPY is turned neutral with another retreat. Further rise is still in favor for 100% projection of 121.63 to 127.48 from 125.07 at 130.92. Sustained break there will target 161.8% projection at 134.53 next. Considering bearish divergence condition in 4 hour MACD, break of 129.47 minor support will indicate short term topping, and turn bias to the downside for 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 125.07 support holds. Next target is 137.49 (2018 high).

Daily Pivots: (S1) 129.93; (P) 130.19; (R1) 130.68; More….

EUR/JPY’s up trend resumed through 130.46 temporary top. Intraday bias is back on the upside for 100% projection of 121.63 to 127.48 from 125.07 at 130.92. Sustained break there will target 161.8% projection at 134.53 next. Considering bearish divergence condition in 4 hour MACD, break of 129.47 minor support will indicate short term topping, and turn bias to the downside for 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 125.07 support holds. Next target is 137.49 (2018 high).

Daily Pivots: (S1) 129.36; (P) 129.88; (R1) 130.27; More….

Intraday bias in EUR/JPY is turned neutral with the current retreat. Some consolidations could be seen, but downside of retreat should be contained by 128.16 support to bring rise resumption. On the upside, break of 130.46 will resume the rally from 121.63 and target 100% projection of 121.63 to 127.48 from 125.07 at 130.92 next.

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 125.07 support holds. Next target is 137.49 (2018 high).