Daily Pivots: (S1) 124.48; (P) 125.07; (R1) 125.43; More….

EUR/JPY is still holding on to 124.44 support and intraday bias remains neutral first. On the downside, firm break of 124.44 should confirm short term topping at 127.07, on bearish divergence condition in daily MACD. Intraday bias will be turned to the downside for 55 day EMA (now at 123.95) and further to 38.2% retracement of 114.42 to 127.07 at 122.23. Nevertheless, rebound from the current level and break of 127.07 will resume the rise from 114.42.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 119.31 support holds.

Daily Pivots: (S1) 125.41; (P) 125.68; (R1) 125.83; More….

Intraday bias in EUR/JPY remains neutral as consolidation from 127.07 is extending. Further rise is still expected as long as 124.44 support holds. Break of 127.07 will resume larger rise from 114.42 to 128.67 fibonacci level. However, firm break of 124.44 will confirm short term topping and turn bias to the downside for deeper correction, to 55 day EMA (now at 123.93).

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 119.31 support holds.

Daily Pivots: (S1) 125.40; (P) 125.70; (R1) 126.08; More….

EUR/JPY is staying in consolidation from 127.07 and intraday bias remains neutral for the moment. Further rise is still expected as long as 124.44 support holds. Break of 127.07 will resume larger rise from 114.42 to 128.67 fibonacci level. However, firm break of 124.44 will confirm short term topping and turn bias to the downside for deeper correction, to 55 day EMA (now at 123.93).

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 119.31 support holds.

EUR/JPY edged higher to 127.07 last week but quickly retreated. Initial bias stays neutral this week first for some more consolidations. Further rise is still expected as long as 124.44 support holds. Break of 127.07 will resume larger rise from 114.42 to 128.67 fibonacci level. However, firm break of 124.44 will confirm short term topping and turn bias to the downside for deeper correction, to 55 day EMA (now at 123.80).

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 119.31 support holds.

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.

Daily Pivots: (S1) 125.42; (P) 125.72; (R1) 126.15; More….

EUR/JPY is staying in consolidation from 127.07 and intraday bias remains neutral first. Further rise is still expected as long as 124.44 support holds. Break of 127.07 will target 128.67 fibonacci level. However, firm break of 124.44 will confirm short term topping and turn bias to the downside for deeper correction.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 55 week EMA (now at 121.54) holds. However, sustained break of 55 week EMA will revive medium term bearishness for another low below 114.42 at a later stage.

Daily Pivots: (S1) 125.53; (P) 125.92; (R1) 126.29; More….

Intraday bias in EUR/JPY remains neutral for consolidation below 127.07. Further rise is still expected as long as 124.44 support holds. Break of 127.07 will target 128.67 fibonacci level. However, firm break of 124.44 will confirm short term topping and turn bias to the downside for deeper correction.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 55 week EMA (now at 121.54) holds. However, sustained break of 55 week EMA will revive medium term bearishness for another low below 114.42 at a later stage.

Daily Pivots: (S1) 125.88; (P) 126.48; (R1) 126.82; More….

EUR/JPY’s rally lost momentum after hitting 127.07 and retreated back into prior range. Intraday bias is turned neutral again. Further rise is still expected as long as 124.44 support holds. Break of 127.07 will target 128.67 fibonacci level. However, firm break of 124.44 will confirm short term topping and turn bias to the downside for deeper correction.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 55 week EMA (now at 121.54) holds. However, sustained break of 55 week EMA will revive medium term bearishness for another low below 114.42 at a later stage.

Daily Pivots: (S1) 125.59; (P) 126.22; (R1) 127.03; More….

Breach of 126.75 resistance suggests resumption of whole rise from 114.42. Intraday bias is back on the upside for 128.67 fibonacci level. On the downside, break of 124.44 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 55 week EMA (now at 121.54) holds. However, sustained break of 55 week EMA will revive medium term bearishness for another low below 114.42 at a later stage.

Daily Pivots: (S1) 124.82; (P) 125.80; (R1) 126.40; More….

Intraday bias in EUR/JPY remains neutral for the moment and consolidation from 126.75 could extend. Near term outlook remains bullish as long as 124.31 support holds. On the upside, break of 126.75 will resume whole rally from 114.42. However, break of 124.31 should confirm short term topping and bring deeper fall to 55 day EMA (now at 123.54) and below.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 55 week EMA (now at 121.35) holds. However, sustained break of 55 week EMA will revive medium term bearishness for another low below 114.42 at a later stage.

EUR/JPY’s consolidation form 126.75 continued last week and outlook is unchanged. Initial bias stays neutral this week first and more sideway trading could be seen. Near term outlook remains bullish as long as 124.31 support holds. On the upside, break of 126.75 will resume whole rally from 114.42. However, break of 124.31 should confirm short term topping and bring deeper fall to 55 day EMA (now at 123.44) and below.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 55 week EMA (now at 121.35) holds. However, sustained break of 55 week EMA will revive medium term bearishness for another low below 114.42 at a later stage.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Sustained break of 55 month EMA (now at 124.54) should confirm the start of another medium term rising leg.

Daily Pivots: (S1) 125.39; (P) 125.74; (R1) 126.34; More….

Intraday bias in EUR/JPY remains neutral at this point. As long as 124.31 support holds, further rally is in favor. On the upside, break of 126.75 will resume the rally from 114.42. However, considering bearish divergence condition in daily MACD, firm break of 124.31 should confirm short term topping. Intraday bias will be turned to the downside for 55 day EMA (now at 123.47), to correct the rally from 114.42.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 55 day EMA (now at 123.03) holds. However, sustained break of 55 day EMA will revive medium term bearishness for another low below 114.42 at a later stage.

Daily Pivots: (S1) 125.05; (P) 125.60; (R1) 125.92; More….

Intraday bias in EUR/JPY remains neutral and more sideway trading could be seen. As long as 124.31 support holds, further rally is in favor. On the upside, break of 126.75 will resume the rally from 114.42. However, considering bearish divergence condition in daily MACD, firm break of 124.31 should confirm short term topping. Intraday bias will be turned to the downside for 55 day EMA (now at 123.27), to correct the rally from 114.42.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 55 day EMA (now at 123.03) holds. However, sustained break of 55 day EMA will revive medium term bearishness for another low below 114.42 at a later stage.

Daily Pivots: (S1) 125.22; (P) 125.63; (R1) 126.32; More….

EUR/JPY is staying in consolidation from 126.75 and intraday bias remains neutral first. As long as 124.31 support holds, further rally is in favor. On the upside, break of 126.75 will resume the rally from 114.42. However, considering bearish divergence condition in daily MACD, firm break of 124.31 should confirm short term topping. Intraday bias will be turned to the downside for 55 day EMA (now at 123.10), to correct the rally from 114.42.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 55 day EMA (now at 123.03) holds. However, sustained break of 55 day EMA will revive medium term bearishness for another low below 114.42 at a later stage.

Daily Pivots: (S1) 124.63; (P) 124.99; (R1) 125.29; More….

Intraday bias in EUR/JPY remains neutral at this point and some more consolidations could be seen. As long as 124.31 support holds, further rally is in favor. On the upside, break of 126.75 will resume the rally from 114.42. However, considering bearish divergence condition in daily MACD, firm break of 124.31 should confirm short term topping. Intraday bias will be turned to the downside for 55 day EMA (now at 123.10), to correct the rally from 114.42.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 55 day EMA (now at 123.03) holds. However, sustained break of 55 day EMA will revive medium term bearishness for another low below 114.42 at a later stage.

Daily Pivots: (S1) 124.33; (P) 124.95; (R1) 125.44; More….

EUR/JPY recovers ahead of 124.31 support and intraday bias remains neutral first. Further rise could still be seen and break of 126.75 will resume the rally from 114.42. However, considering bearish divergence condition in daily MACD, firm break of 124.31 should confirm short term topping. Intraday bias will be turned to the downside for 55 day EMA (now at 123.03), to correct the rally from 114.42.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 55 day EMA (now at 123.03) holds. However, sustained break of 55 day EMA will revive medium term bearishness for another low below 114.42 at a later stage.

EUR/JPY’s decline from 126.75 accelerated lower last week but stays above 124.31 support so far. Initial bias remains neutral this week first and further rise could be seen. Break of 126.75 will resume the rally from 114.42. However, considering bearish divergence condition in daily MACD, firm break of 124.31 should confirm short term topping. Intraday bias will be turned to the downside for 55 day EMA (now at 123.03), to correct the rally from 114.42.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 55 day EMA (now at 123.03) holds. However, sustained break of 55 day EMA will revive medium term bearishness for another low below 114.42 at a later stage.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Sustained break of 55 month EMA (now at 124.54) should confirm the start of another medium term rising leg.

Daily Pivots: (S1) 125.32; (P) 125.69; (R1) 126.00; More….

EUR/JPY is staying in consolidation from 126.75 and intraday bias remains neutral first. Downside of retreat should be contained above 124.31 support to bring another rally. On the upside, break of 126.75 will target 100% projection of 114.42 to 124.43 from 119.31 at 129.32. Nevertheless, break of 124.31 will indicate short term topping and turn bias to the downside for pull back.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 55 day EMA (now at 122.54) holds. However, sustained break of 55 day EMA will revive medium term bearishness for another low below 114.42 at a later stage.

Daily Pivots: (S1) 125.40; (P) 125.74; (R1) 126.14; More….

Intraday bias in EUR/JPY stays neutral first as consolidation from 126.75 is extending. Downside of retreat should be contained above 124.31 support to bring another rally. On the upside, break of 126.75 will target 100% projection of 114.42 to 124.43 from 119.31 at 129.32. Nevertheless, break of 124.31 will indicate short term topping and turn bias to the downside for pull back.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 55 day EMA (now at 122.54) holds. However, sustained break of 55 day EMA will revive medium term bearishness for another low below 114.42 at a later stage.

Daily Pivots: (S1) 125.53; (P) 126.00; (R1) 126.31; More….

EUR/JPY is staying in consolidation from 126.75 and intraday bias remains neutral. Downside of retreat should be contained above 124.31 support to bring another rally. On the upside, break of 126.75 will target 100% projection of 114.42 to 124.43 from 119.31 at 129.32. Nevertheless, break of 124.31 will indicate short term topping and turn bias to the downside for pull back.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 55 day EMA (now at 122.54) holds. However, sustained break of 55 day EMA will revive medium term bearishness for another low below 114.42 at a later stage.

Daily Pivots: (S1) 125.80; (P) 126.14; (R1) 126.52; More….

Intraday bias in EUR/JPY remains neutral for consolidation below 126.75 temporary top. Downside of retreat should be contained above 124.31 support to bring another rally. On the upside, break of 126.75 will target 100% projection of 114.42 to 124.43 from 119.31 at 129.32. Nevertheless, break of 124.31 will indicate short term topping and turn bias to the downside for pull back.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 55 day EMA (now at 122.54) holds. However, sustained break of 55 day EMA will revive medium term bearishness for another low below 114.42 at a later stage.