Daily Pivots: (S1) 115.82; (P) 116.09; (R1) 116.64; More….

Intraday bias in EUR/JPY remains neutral for consolidations. Upside of recovery should be limited by 117.21 resistance to bring fall resumption. On the downside, break of 115.54 will resume larger down trend. Next target is 100% projection of 121.14 to 116.33 from 119.00 at 114.19.

In the bigger picture, down trend from 137.49 (2018 high) is possibly resuming. Medium term bearishness is maintained with the cross staying well inside falling channel established since 137.49 (2018 high), as well as below falling 55 week EMA. Next downside target will be 109.48 (2016 low). In any case, outlook will remain bearish as long as 122.87 resistance holds, in case of rebound.

EUR/JPY dropped to as low as 115.54 last week and the break of 116.12 support confirms resumption of fall from 122.87. More importantly, break of 115.86 low suggests larger down trend resumption. Nevertheless, as a temporary low was formed with subsequently, initial bias is neutral this week for consolidations first. Upside should be limited by 117.21 resistance to bring fall resumption. Break of 115.54 will target 100% projection of 121.14 to 116.33 from 119.00 at 114.19 next.

In the bigger picture, down trend from 137.49 (2018 high) is possibly resuming. Medium term bearishness is maintained with the cross staying well inside falling channel established since 137.49 (2018 high), as well as below falling 55 week EMA. Next downside target will be 109.48 (2016 low). In any case, outlook will remain bearish as long as 122.87 resistance holds, in case of rebound.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Fall from 137.49 is seen as a falling leg inside the pattern. This falling leg would target 109.48 (2016 low). With EUR/JPY staying below 55 month EMA (now at 124.80), this is the preferred case.

Daily Pivots: (S1) 115.47; (P) 116.16; (R1) 116.67; More….

Intraday bias in EUR/JPY remains on the downside at this point. Sustained trading below 115.86 low will confirm larger down trend resumption. Next near term target will be 100% projection of 121.14 to 116.33 from 119.00 at 114.19. On the upside, however, break of 117.21 minor resistance will indicate short term bottoming and turn bias to the upside for rebound.

In the bigger picture, outlook remains bearish as the cross is staying well inside falling channel established since 137.49 (2018 high), as well as below falling 55 week EMA. As long as 122.87 resistance holds, the down trend form 137.49 should extend to 109.48 (2016 low). However, sustained break of 122.87 will indicate medium term bullish reversal.

Daily Pivots: (S1) 116.27; (P) 116.74; (R1) 117.05; More….

EUR/JPY drops to as low as 115.72 so far. Intraday bias is back on the downside. Sustained trading below 115.86 low will confirm larger down trend resumption. Next near term target will be 100% projection of 121.14 to 116.33 from 119.00 at 114.19. On the upside, however, break of 117.21 minor resistance will indicate short term bottoming and turn bias to the upside for rebound.

In the bigger picture, outlook remains bearish as the cross is staying well inside falling channel established since 137.49 (2018 high), as well as below falling 55 week EMA. As long as 122.87 resistance holds, the down trend form 137.49 should extend to 109.48 (2016 low). However, sustained break of 122.87 will indicate medium term bullish reversal.

Daily Pivots: (S1) 116.27; (P) 116.74; (R1) 117.05; More….

Further decline remains mildly in favor in EUR/JPY with 117.41 minor resistance intact. Focus stays on 115.86/116.12 support zone. Decisive break there will confirm larger down trend resumption. On the upside, break of 117.41 minor resistance will turn intraday bias to the upside, and extend consolidation form 115.86 with another rising leg.

In the bigger picture, outlook remains bearish as the cross is staying well inside falling channel established since 137.49 (2018 high), as well as below falling 55 week EMA. As long as 122.87 resistance holds, the down trend form 137.49 should extend to 109.48 (2016 low). However, sustained break of 122.87 will indicate medium term bullish reversal.

Daily Pivots: (S1) 116.43; (P) 116.79; (R1) 117.37; More….

Focus in EUR/JPY remains on 115.86/116.12 support zone. Decisive break there will confirm larger down trend resumption. On the upside, break of 117.41 minor resistance will turn intraday bias to the upside, and extend consolidation form 115.86 with another rising leg.

In the bigger picture, outlook remains bearish as the cross is staying well inside falling channel established since 137.49 (2018 high), as well as below falling 55 week EMA. As long as 122.87 resistance holds, the down trend form 137.49 should extend to 109.48 (2016 low). However, sustained break of 122.87 will indicate medium term bullish reversal.

Daily Pivots: (S1) 116.75; (P) 117.02; (R1) 117.20; More….

Focus in EUR/JPY is now on 115.86/116.12 support zone. Decisive break there will confirm larger down trend resumption. On the upside, break of 117.41 minor resistance will turn intraday bias to the upside, and extend consolidation form 115.86 with another rising leg.

In the bigger picture, outlook remains bearish as the cross is staying well inside falling channel established since 137.49 (2018 high), as well as below falling 55 week EMA. As long as 122.87 resistance holds, the down trend form 137.49 should extend to 109.48 (2016 low). However, sustained break of 122.87 will indicate medium term bullish reversal.

Daily Pivots: (S1) 116.58; (P) 117.00; (R1) 117.37; More….

Intraday bias in EUR/JPY is turned neutral with 4 hour MACD crossed above signal line. On the downside decisive break of 115.86/116.12 support zone will confirm larger down trend resumption. On the upside, break of 119.03 will extend recent consolidation from 115.86 with another rise leg.

In the bigger picture, outlook remains bearish as the cross is staying well inside falling channel established since 137.49 (2018 high), as well as below falling 55 week EMA. As long as 122.87 resistance holds, the down trend form 137.49 should extend to 109.48 (2016 low). However, sustained break of 122.87 will indicate medium term bullish reversal.

EUR/JPY gyrated lower last week with weak downside momentum. Initial bias stays mildly on the downside this week for 115.86/116.12 support zone. Decisive break there will confirm larger down trend resumption. On the upside, break of 119.03 will extend recent consolidation from 115.86 with another rise leg.

In the bigger picture, outlook remains bearish as the cross is staying well inside falling channel established since 137.49 (2018 high), as well as below falling 55 week EMA. As long as 122.87 resistance holds, the down trend form 137.49 should extend to 109.48 (2016 low). However, sustained break of 122.87 will indicate medium term bullish reversal.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Fall from 137.49 is seen as a falling leg inside the pattern. This falling leg would target 109.48 (2016 low). With EUR/JPY staying below 55 month EMA (now at 124.84), this is the preferred case.

Daily Pivots: (S1) 116.48; (P) 116.99; (R1) 117.43; More….

No change in EUR/JPY’s outlook as intraday bias stays mildly on the downside for 115.86/33 key support zone. Decisive break there will confirm larger down trend resumption. On the upside, break of 119.03 will extend recent consolidation from 115.86 with another rise leg.

In the bigger picture, outlook remains bearish as the cross is staying well inside falling channel established since 137.49 (2018 high), as well as falling 55 week EMA. As long as 122.87 resistance holds, the down trend form 137.49 should extend to 109.48 (2016 low). However, sustained break of 122.87 will indicate medium term bullish reversal.

Daily Pivots: (S1) 116.77; (P) 117.27; (R1) 117.75; More….

Intraday bias in EUR/JPY remains mildly on the downside for retesting 115.86/33 key support zone. Decisive break there will confirm larger down trend resumption. On the upside, break of 119.03 will extend recent consolidation from 115.86 with another rise leg.

In the bigger picture, outlook remains bearish as the cross is staying well inside falling channel established since 137.49 (2018 high), as well as falling 55 week EMA. As long as 122.87 resistance holds, the down trend form 137.49 should extend to 109.48 (2016 low). However, sustained break of 122.87 will indicate medium term bullish reversal.

Daily Pivots: (S1) 117.39; (P) 117.67; (R1) 118.02; More….

EUR/JPY’s recovery from 116.33 should have completed at 119.03. Intraday bias stays mildly on the downside for retesting 115.86/33 key support zone. On the upside, break of 119.03 will extend recent consolidation form 115.86 with another rise leg.

In the bigger picture, outlook remains bearish as the cross is staying well inside falling channel established since 137.49 (2018 high), as well as falling 55 week EMA. As long as 122.87 resistance holds, the down trend form 137.49 should extend to 109.48 (2016 low). However, sustained break of 122.87 will indicate medium term bullish reversal.

Daily Pivots: (S1) 116.99; (P) 117.87; (R1) 118.42; More….

Break of 117.45 minor support argues that recovery from 116.33 has completed. Intraday bias is turned back to the downside for 115.86/33 key support zone. On the upside, break of 119.03 will extend recent consolidation form 115.86 with another rise leg.

In the bigger picture, outlook remains bearish as the cross is staying well inside falling channel established since 137.49 (2018 high), as well as falling 55 week EMA. As long as 122.87 resistance holds, the down trend form 137.49 should extend to 109.48 (2016 low). However, sustained break of 122.87 will indicate medium term bullish reversal.

Daily Pivots: (S1) 117.82; (P) 118.25; (R1) 118.59; More….

EUR/JPY is possibly in the third leg of the consolidation from 115.86. Intraday bias is mildly on the upside for 121.14 resistance. Break of target 122.87 key resistance. On the downside, break of 117.45 minor support will bring retest of 115.86 key support instead.

In the bigger picture, outlook remains bearish as the cross is staying well inside falling channel established since 137.49 (2018 high), as well as falling 55 week EMA. As long as 122.87 resistance holds, the down trend form 137.49 should extend to 109.48 (2016 low). However, sustained break of 122.87 will indicate medium term bullish reversal.

Daily Pivots: (S1) 117.66; (P) 118.35; (R1) 119.18; More….

EUR/JPY is staying in consolidation from 115.86. Stronger rise could be seen to 121.14 resistance. On the downside, through, decisive break of 115.86 will confirm larger down trend resumption.

In the bigger picture, outlook remains bearish as the cross is staying well inside falling channel established since 137.49 (2018 high), as well as falling 55 week EMA. As long as 122.87 resistance holds, the down trend form 137.49 should extend to 109.48 (2016 low). However, sustained break of 122.87 will indicate medium term bullish reversal.

Daily Pivots: (S1) 117.24; (P) 117.77; (R1) 118.39; More….

Intraday bias in EUR/JPY remains neutral at this point. On the downside, decisive break of 115.86/116.12 support zone will resume larger down trend. Next near term target will be 100% projection of 122.78 to 116.12 from 121.14 at 114.39. On the upside, though, break of 118.87 minor resistance will argue that consolidation from 115.86 is extending with another rising leg. Intraday bias will be turned back to the upside for 121.14 resistance.

In the bigger picture, outlook remains bearish as the cross is staying well inside falling channel established since 137.49 (2018 high), as well as falling 55 week EMA. As long as 122.87 resistance holds, the down trend form 137.49 should extend to 109.48 (2016 low). However, sustained break of 122.87 will indicate medium term bullish reversal.

Daily Pivots: (S1) 116.89; (P) 117.13; (R1) 117.54; More….

Intraday bias in EUR/JPY is turned neutral with today’s recovery. On the downside, decisive break of 115.86/116.12 support zone will resume larger down trend. Next near term target will be 100% projection of 122.78 to 116.12 from 121.14 at 114.39. On the upside, though, break of 118.87 minor resistance will argue that consolidation from 115.86 is extending with another rising leg. Intraday bias will be turned back to the upside for 121.14 resistance.

In the bigger picture, outlook remains bearish as the cross is staying well inside falling channel established since 137.49 (2018 high), as well as falling 55 week EMA. As long as 122.87 resistance holds, the down trend form 137.49 should extend to 109.48 (2016 low). However, sustained break of 122.87 will indicate medium term bullish reversal.

EUR/JPY’s decline last week suggests rejection by 121.39 resistance. Initial focus is now on 115.86/116.12 support zone this week. Decisive break there will resume larger down trend. Next near term target will be 100% projection of 122.78 to 116.12 from 121.14 at 114.39. On the upside, though, break of 118.87 minor resistance will argue that consolidation from 115.86 is extending with another rising leg. Intraday bias will be turned back to the upside for 121.14 resistance.

In the bigger picture, outlook remains bearish as the cross is staying well inside falling channel established since 137.49 (2018 high), as well as falling 55 week EMA. As long as 122.87 resistance holds, the down trend form 137.49 should extend to 109.48 (2016 low). However, sustained break of 122.87 will indicate medium term bullish reversal.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Fall from 137.49 is seen as a falling leg inside the pattern. This falling leg would target 109.48 (2016 low). With EUR/JPY staying below 55 month EMA (now at 124.84), this is the preferred case.

Daily Pivots: (S1) 116.41; (P) 117.07; (R1) 117.78; More….

Focus is now on 115.86/116.12 support zone in EUR/JPY. Decisive break there will resume larger down trend. Next near term target will be 100% projection of 122.78 to 116.12 from 121.14 at 114.39. On the upside, though, break of 118.87 minor resistance will argue that consolidation from 115.86 is extending with another rising leg. Intraday bias will be turned back to the upside for 121.14 resistance.

In the bigger picture, outlook remains bearish as the cross is staying well inside falling channel established since 137.49 (2018 high). As long as 122.87 resistance holds, the down trend should extend to 109.48 (2016 low). However, sustained break of 122.87 will complete a double bottom (115.86, 116.12) which could indicate medium term bullish reversal.

Daily Pivots: (S1) 116.69; (P) 117.79; (R1) 118.62; More….

Intraday bias in EUR/JPY stays neutral first. Consolidation from 115.86 could extend with another rise. On the upside, break of 121.39 will target 122.87 resistance. On the downside, sustained break of 115.86 will indicate larger down trend resumption.

In the bigger picture, outlook remains bearish as the cross is staying well inside falling channel established since 137.49 (2018 high). As long as 122.87 resistance holds, the down trend should resume sooner or later to 114.84 support next. However, sustained break of 122.87 will complete a double bottom (115.86, 116.12) which could indicate medium term bullish reversal.