EUR/JPY gyrated higher last week but after all, it’s staying in consolidation from 127.48. Initial bias remains neutral this week first. In case of another fall, downside should be contained by 125.07 support to bring rebound. On the upside, firm break of 127.48 will resume larger rise from 114.42, and target 128.67 fibonacci level.

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. Next target is 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.

Daily Pivots: (S1) 126.79; (P) 126.98; (R1) 127.25; More….

Intraday bias in EUR/JPY remains neutral as consolidation from 127.48 is extending. In case of another fall, downside should be contained by 125.07 support to bring rebound. On the upside, decisive break of 127.48 will resume larger rise from 114.42, to 128.67 fibonacci level.

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. Next target is 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.

Daily Pivots: (S1) 126.59; (P) 126.83; (R1) 127.02; More….

EUR/JPY’s consolidation from 127.48 is still extending and intraday bias remains neutral. In case of another fall, downside should be contained by 125.07 support to bring rebound. On the upside, decisive break of 127.48 will resume larger rise from 114.42, to 128.67 fibonacci level.

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. Next target is 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.

Daily Pivots: (S1) 126.50; (P) 126.68; (R1) 126.91; More….

Intraday bias in EUR/JPY remains neutral and consolidation from 127.48 is extending. In case of another fall, downside should be contained by 125.07 support to bring rebound. On the upside, decisive break of 127.48 will resume larger rise from 114.42, to 128.67 fibonacci level.

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. Next target is 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.

Daily Pivots: (S1) 126.58; (P) 126.86; (R1) 127.06; More….

EUR/JPY is staying in consolidation pattern from 127.48 and intraday bias remains neutral first. In case of another fall, downside should be contained by 125.07 support to bring rebound. On the upside, decisive break of 127.48 will resume larger rise from 114.42, to 128.67 fibonacci level.

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. Next target is 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.

Daily Pivots: (S1) 126.44; (P) 126.72; (R1) 127.27; More….

Intraday bias in EUR/JPY remains neutral for the moment and consolidation from 127.48 could extend further. But in case of another fall, downside should be contained by 125.07 support to bring rebound. On the upside, decisive break of 127.48 will resume larger rise from 114.42, to 128.67 fibonacci level.

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. Next target is 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 stayed in consolidation from 127.48 last week after failing to break through this resistance. Initial bias is neutral this week for some consolidations first. On the upside, decisive break of 127.48 will resume larger rise from 114.42, to 128.67 fibonacci level. In case of another fall, downside should be contained by 125.07 support to bring rebound.

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. Next target is 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.

Daily Pivots: (S1) 126.09; (P) 126.28; (R1) 126.46; More….

EUR/JPY is staying in consolidation from 127.48 and intraday bias is mildly on the downside towards 125.07 support. We’d expect some strong support from there to contain downside to bring rebound. On the upside, decisive break of 127.48 high will resume larger rise from 114.42, to 128.67 fibonacci level.

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. Next target is 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.

Daily Pivots: (S1) 126.20; (P) 126.36; (R1) 126.58; More….

Intraday bias in EUR/JPY remains mildly on the downside at this point. Consolidation from 127.48 is in its third leg. Deeper fall would be seen back to 125.07 support. We’d expect some strong support from there to contain downside to bring rebound. On the upside, decisive break of 127.48 high will resume larger rise from 114.42, to 128.67 fibonacci level.

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. Next target is 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.

Daily Pivots: (S1) 126.21; (P) 126.51; (R1) 126.76; More….

EUR/JPY’s break of 126.26 minor support suggests that consolidation from 127.48 has started the third leg already. Intraday bias is back on the downside for 125.07 support. We’d expect some strong support from there to contain downside to bring rebound. On the upside, decisive break of 127.48 high will resume larger rise from 114.42, to 128.67 fibonacci level.

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. Next target is 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.

Daily Pivots: (S1) 126.21; (P) 126.51; (R1) 126.76; More….

Intraday bias in EUR/JPY remains neutral first. On the upside, decisive break of 127.48 will resume larger rise from 114.42, to 128.67 fibonacci level. On the downside, break of 126.26 minor support will delay the bullish case. Intraday bias will be turned back to the downside for 125.07 to extend the consolidation from 127.48 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 121.63 support holds. Next target is 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.

Daily Pivots: (S1) 126.32; (P) 126.76; (R1) 127.01; More….

Intraday bias in EUR/JPY is turned neutral as it retreated after failing to break through 127.48 resistance. On the upside, decisive break of 127.48 will resume larger rise from 114.42, to 128.67 fibonacci level. On the downside, break of 126.26 minor support will delay the bullish case. Intraday bias will be turned back to the downside for 125.07 to extend the consolidation from 127.48 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 121.63 support holds. Next target is 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.

Daily Pivots: (S1) 126.50; (P) 126.92; (R1) 127.53; More….

Intraday bias in EUR/JPY remains mildly on the upside for 127.48 resistance. Decisive break there will resume larger rise from 114.42, to 128.67 fibonacci level. On the downside, break of 126.26 minor support will delay the bullish case and turn bias neutral again 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. Next target is 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’s rebound from 125.07 extended higher last week. The development suggests that correction from 127.38 has completed already. Initial bias stays on the upside for 127.48 resistance first. Break there will resume larger rise from 114.42 to 128.67 fibonacci level. On the downside, break of 126.26 minor support will delay the bullish case and turn bias neutral again 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. Next target is 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.

Daily Pivots: (S1) 126.02; (P) 126.35; (R1) 126.70; More….

Intraday bias in EUR/JPY remains mildly on the upside at this point. Current rebound from 125.07 would target a test on 127.48 high. On the downside, below 125.98 minor support will turn bias neutral again 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.

Daily Pivots: (S1) 125.72; (P) 125.96; (R1) 126.31; More….

EUR/JPY’s rebound from 125.07 resumes by taking out 126.39 minor resistance and hits as high as 126.65 so far. Intraday bias is back on the downside for retesting 127.48 high next. On the downside, below 125.98 minor support will turn bias neutral again 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.

Daily Pivots: (S1) 125.72; (P) 125.96; (R1) 126.31; More….

EUR/JPY is staying in range of 125.07/126.39 and intraday bias remains neutral first. On the upside, break of 126.39 will resume the rebound from 125.07, for retesting 127.48 high. On the downside, however, break of 125.07 will argue that the correction from 127.48 is resuming. Intraday bias will be turned back to the downside for 61.8% retracement of 121.63 to 127.48 at 123.86.

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.

Daily Pivots: (S1) 125.75; (P) 125.96; (R1) 126.22; More….

Intraday bias in EUR/JPY stays neutral for the moment. On the upside, break of 126.39 will resume the rebound from 125.07, for retesting 127.48 high. On the downside, however, break of 125.07 will argue that the correction from 127.48 is resuming. Intraday bias will be turned back to the downside for 61.8% retracement of 121.63 to 127.48 at 123.86.

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.

Daily Pivots: (S1) 125.74; (P) 126.06; (R1) 126.30; More….

With 4 hour MACD crossed below signal line, intraday bias in EUR/JPY is turned neutral again. On the upside, break of 126.39 will resume the rebound from 125.07, for retesting 127.48 high. On the downside, however, break of 125.07 will argue that the correction from 127.48 is resuming. Intraday bias will be turned back to the downside for 61.8% retracement of 121.63 to 127.48 at 123.86.

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.

Daily Pivots: (S1) 125.99; (P) 126.20; (R1) 126.50; More….

Intraday bias in EUR/JPY remains mildly on the upside at this point. Rebound from 125.07 would extend to retest 127.48 resistance. However, break of 125.07 will argue that the correction from 127.48 is resuming. Intraday bias will be turned back to the downside for 61.8% retracement of 121.63 to 127.48 at 123.86.

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.