Daily Pivots: (S1) 171.68; (P) 171.94; (R1) 172.34; More…

Intraday bias in EUR/JPY remains neutral with focus on 172.36 resistance. Sustained trading above there will bring retest of 173.87 first. Firm break there will resume larger rally from 154.77 to retest 175.41 high. While corrective pattern from 173.87 might extend lower, downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break of 154.77 will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 169.27) will delay this bullish case.

Daily Pivots: (S1) 171.46; (P) 171.91; (R1) 172.44; More…

Intraday bias in EUR/JPY stays neutral as range trading continues. Corrective pattern from 173.87 could extend lower. But downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound. On the upside, above 172.36 will bring retest of 173.87 first. Firm break there will resume larger rally from 154.77 to retest 175.41 high.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break of 154.77 will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 169.27) will delay this bullish case.

EUR/JPY stayed in range of 169.69/172.36 last week and outlook is unchanged. Initial bias remains neutral this week first. Corrective pattern from 173.87 could extend lower. But downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound. On the upside, above 172.36 will bring retest of 173.87 first. Firm break there will resume larger rally from 154.77 to retest 175.41 high.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break of 154.77 will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 169.27) will delay this bullish case.

In the long term picture, up trend fro 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) 171.22; (P) 171.70; (R1) 172.12; More…

Range trading continues in EUR/JPY and intraday bias stays neutral. While corrective fall from 173.87 short term top could extend lower, downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound, at least on first attempt. On the upside, above 172.36 resistance will bring retest of 173.87 first. However, sustained break of 168.97 will raise the chance of near term bearish reversal.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break there will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 168.80) will delay this bullish case.

Daily Pivots: (S1) 170.96; (P) 171.48; (R1) 172.34; More…

Intraday bias in EUR/JPY remains neutral for the moment. While fall from 173.87 short term top could extend lower, downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound, at least on first attempt. On the upside, above 172.36 resistance will bring retest of 173.87 first. However, sustained break of 168.97 will raise the chance of near term bearish reversal.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break there will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 168.80) will delay this bullish case.

Daily Pivots: (S1) 170.10; (P) 170.52; (R1) 171.23; More…

Outlook in EUR/JPY remains unchanged and intraday bias stays neutral. While fall from 173.87 short term top could extend lower, downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound, at least on first attempt. On the upside, above 172.36 resistance will bring retest of 173.87 first. However, sustained break of 168.97 will raise the chance of near term bearish reversal.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break there will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 168.80) will delay this bullish case.

Daily Pivots: (S1) 169.70; (P) 170.44; (R1) 170.96; More…

Intraday bias in EUR/JPY remains neutral for the moment. While fall from 173.87 short term top could extend lower, downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound, at least on first attempt. On the upside, above 172.36 resistance will bring retest of 173.87 first. However, sustained break of 168.97 will raise the chance of near term bearish reversal.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break there will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 168.80) will delay this bullish case.

Daily Pivots: (S1) 169.88; (P) 171.14; (R1) 171.99; More…

Intraday bias in EUR/JPY stays neutral and more consolidations would be seen below 173.87. In case of deeper fall, downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound. On the upside, firm break of 173.87 will resume larger rally from 154.77 to retest 175.41 high.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break there will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 168.80) will delay this bullish case.

EUR/JPY’s steep pullback from 173.87 last week indicates short term topping, and a consolidation phase is now in progress. Initial bias is neutral this week first. Downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97 to bring rebound. On the upside, firm break of 173.87 will resume larger rally from 154.77 to retest 175.41 high.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break there will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 168.80) will delay this bullish case.

In the long term picture, up trend fro 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) 170.41; (P) 171.37; (R1) 173.03; More…

EUR/JPY rebounded strongly after diving to 169.69 and intraday bias is turned neutral. Corrective pattern from 173.87 might extend with a another falling leg. But downside should be contained by 38.2% retracement of 161.06 to 173.87 at 168.97. Firm break of 173.87 will resume larger rally from 154.77.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break there will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 168.69) will delay this bullish case.

Daily Pivots: (S1) 170.13; (P) 170.85; (R1) 171.24; More…

Intraday bias in EUR/JPY stays on the downside at this point. Fall from 173.87, as a correction to rally form 161.06, is in progress for 38.2% retracement of 161.06 to 173.87 at 168.97. Strong support should emerge from 55 D EMA (now at 168.68) to contain downside and bring rebound. On the upside, above 171.52 minor resistance will turn intraday bias neutral first.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break there will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 168.69) will delay this bullish case.

Daily Pivots: (S1) 170.86; (P) 171.60; (R1) 172.14; More…

EUR/JPY’s break of 171.35 support suggests short term topping at 173.87, on bearish divergence condition in 4H MACD. Fall from there is seen as corrective the rally from 161.06. Intraday bias is now on the downside for 38.2% retracement of 161.06 to 173.87 at 168.97. For now, near term outlook is neutral as long as 173.87 resistance holds, in case of recovery.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break there will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 168.69) will delay this bullish case.

Daily Pivots: (S1) 171.52; (P) 172.71; (R1) 173.36; More…

Intraday bias in EUR/JPY is turned neutral first with current steep retreat. Further rise could still be seen as long as 171.35 support holds. Break of 173.87 should pave the way to retest 175.41 high. However, considering bearish divergence condition in 4H MACD, decisive break of 171.35 will confirm short term topping, after rejection by 138.2% projection of 154.77 to 164.16 from 161.06 at 174.03. Deeper pullback should then be seen towards 55 D EMA (now at 168.62).

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break there will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 168.62) will delay this bullish case.

Daily Pivots: (S1) 172.67; (P) 173.14; (R1) 173.81; More…

EUR/JPY’s rally continues today and intraday bias remains on the upside. Immediate focus is on 138.2% projection of 154.77 to 164.16 from 161.06 at 174.03. Break there will bring retest of 175.41 high. For now, near term outlook will remain bullish as long as 171.35 support holds, in case of retreat.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break there will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 168.56) will delay this bullish case.

EUR/JPY’s consolidations from 173.21 completed late last week with upside breakout. Initial bias is back on the upside this week for 138.2% projection of 154.77 to 164.16 from 161.06 at 174.03. Break there will bring retest of 175.41 high. For now, near term outlook will remain bullish as long as 171.35 support holds, in case of retreat.

In the bigger picture, considering current strong momentum as seen in the rally from 154.77, corrective pattern from 175.41 could have already completed. Decisive break there will confirm long term up trend resumption. Next target is 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, rejection by 175.41, followed by firm break of 55 D EMA (now at 168.37) will delay this bullish case.

In the long term picture, up trend fro 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) 171.98; (P) 172.45; (R1) 173.15; More…

Intraday bias in EUR/JPY remains neutral for the moment. Consolidations from 173.21 could still extend with another falling leg. But overall, with 170.78 support intact, further rally is expected. On the upside, break of 173.21 will target 138.2% projection of 154.77 to 164.16 from 161.06 at 174.03. Break there will bring retest of 175.41 high. Nevertheless, considering bearish divergence condition in 4H MACD, break of 170.78 will indicate short term topping, and turn bias to the downside for deeper pullback.

In the bigger picture, price actions from 175.41 (2024 high) are seen as correction to up trend from 114.42 (2020 low). The pattern might still extend with another falling leg. But in that case, strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. Meanwhile, decisive break of 175.41 will confirm long term up trend resumption.

Daily Pivots: (S1) 171.71; (P) 172.22; (R1) 173.08; More…

Intraday bias in EUR/JPY remains neutral as consolidations continue below 173.21. With 170.78 support intact, further rally is expected. On the upside, break of 173.21 will target 138.2% projection of 154.77 to 164.16 from 161.06 at 174.03. Break there will bring retest of 175.41 high. Nevertheless, considering bearish divergence condition in 4H MACD, break of 170.78 will indicate short term topping, and turn bias to the downside for deeper pullback.

In the bigger picture, price actions from 175.41 (2024 high) are seen as correction to up trend from 114.42 (2020 low). The pattern might still extend with another falling leg. But in that case, strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. Meanwhile, decisive break of 175.41 will confirm long term up trend resumption.

Daily Pivots: (S1) 171.52; (P) 172.23; (R1) 173.09; More…

EUR/JPY is staying in consolidations below 173.21 and intraday bias remains neutral for the moment. With 170.78 support intact, further rally is expected. On the upside, break of 173.21 will target 138.2% projection of 154.77 to 164.16 from 161.06 at 174.03. Break there will bring retest of 175.41 high. Nevertheless, considering bearish divergence condition in 4H MACD, break of 170.78 will indicate short term topping, and turn bias to the downside for deeper pullback.

In the bigger picture, price actions from 175.41 (2024 high) are seen as correction to up trend from 114.42 (2020 low). The pattern might still extend with another falling leg. But in that case, strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. Meanwhile, decisive break of 175.41 will confirm long term up trend resumption.

Daily Pivots: (S1) 171.86; (P) 172.35; (R1) 172.80; More…

Intraday bias in EUR/JPY remains neutral as consolidations continue below 173.21. With 170.78 support intact, further rally is expected. On the upside, break of 173.21 will target 138.2% projection of 154.77 to 164.16 from 161.06 at 174.03. Break there will bring retest of 175.41 high. Nevertheless, considering bearish divergence condition in 4H MACD, break of 170.78 will indicate short term topping, and turn bias to the downside for deeper pullback.

In the bigger picture, price actions from 175.41 (2024 high) are seen as correction to up trend from 114.42 (2020 low). The pattern might still extend with another falling leg. But in that case, strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. Meanwhile, decisive break of 175.41 will confirm long term up trend resumption.

Daily Pivots: (S1) 172.26; (P) 172.69; (R1) 173.39; More…

EUR/JPY dips mildly today as consolidations from 173.21 extends. Intraday bias stays neutral for the moment. Further rise is expected as long as 170.78 support holds. On the upside, break of 173.21 will target 138.2% projection of 154.77 to 164.16 from 161.06 at 174.03. Break there will bring retest of 175.41 high. Nevertheless, considering bearish divergence condition in 4H MACD, break of 170.78 will indicate short term topping, and turn bias to the downside for deeper pullback.

In the bigger picture, price actions from 175.41 (2024 high) are seen as correction to up trend from 114.42 (2020 low). The pattern might still extend with another falling leg. But in that case, strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. Meanwhile, decisive break of 175.41 will confirm long term up trend resumption.