Daily Pivots: (S1) 168.47; (P) 168.94; (R1) 169.84; More…

EUR/JPY is extending consolidations below 169.69 and intraday bias stays neutral. Further rally is expected as long as 166.01 support holds. Break of 169.69 temporary top will resume the rise from 154.77 and target 100% projection of 154.77 to 165.19 from 161.06 at 170.45.

In the bigger picture, price actions from 175.41 are seen as correction to up trend from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 167.68; (P) 168.48; (R1) 169.06; More…

Intraday bias in EUR/JPY remains neutral and more consolidations could be seen below 169.69 temporary top. Further rally is expected as long as 166.01 support holds. Break of 169.69 temporary top will resume the rise from 154.77 and target 100% projection of 154.77 to 165.19 from 161.06 at 170.45.

In the bigger picture, price actions from 175.41 are seen as correction to up trend from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 168.26; (P) 168.99; (R1) 169.97; More…

Intraday bias in EUR/JPY is turned neutral first with current retreat and some consolidations could be seen. Further rally is expected as long as 166.01 support holds. Break of 169.69 temporary top will resume the rise from 154.77 and target 100% projection of 154.77 to 165.19 from 161.06 at 170.45.

In the bigger picture, price actions from 175.41 are seen as correction to up trend from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 167.48; (P) 167.94; (R1) 168.80; More…

EUR/JPY’s rally accelerates further today and intraday bias stays on the upside. Next target is 100% projection of 154.77 to 165.19 from 161.06 at 170.45. On the downside, below 167.96 minor support will turn intraday bias neutral and bring consolidations. But outlook will remain bullish as long as 165.19 resistance turned support holds, in case of retreat.

In the bigger picture, price actions from 175.41 are seen as correction to up trend from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

EUR/JPY’s rally continued last week after interim retreat and there is no sign of topping yet. Initial bias is on the upside this week for 100% projection of 154.77 to 164.16 from 161.06 at 170.45. For now, near term outlook will stay cautiously bullish as long as 166.01 support holds, even in case of another retreat.

In the bigger picture, price actions from 175.41 are seen as correction to up trend from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

In the long term picture, while 175.41 is at least a medium term top, it’s still early to conclude that up trend from 94.11 (2012 low) has completed. A medium term corrective phase is in progress with risk of deeper fall back to 55 M EMA (now at 150.56).

Daily Pivots: (S1) 166.42; (P) 166.87; (R1) 167.70; More…

EUR/JPY rebounded strongly after drawing support from 55 4H EMA and focus is back on 167.59 resistance. Decisive break there will resume rally from 154.77. Next target is 100% projection of 154.77 to 165.19 from 161.06 at 170.45. For now, near term outlook will stay cautiously bullish as long as 164.91 support holds, even in case of another retreat.

In the bigger picture, price actions from 175.41 are seen as correction to up trend from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 166.45; (P) 167.04; (R1) 167.36; More…

Intraday bias in EUR/JPY is turned neutral with current extended retreat. Some consolidations could be seen but further rally is expected as long as 164.91 support holds. Break of 167.59 will resume the rise from 154.77 to 100% projection of 154.77 to 165.19 from 161.06 at 170.45.

In the bigger picture, price actions from 175.41 are seen as correction to up trend from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 166.45; (P) 167.04; (R1) 167.36; More…

Intraday bias in EUR/JPY stays mildly on the upside despite loss of momentum as seen in 4H MACD. Current rise from 154.77 is in progress. Next target is 100% projection of 154.77 to 165.19 from 161.06 at 170.45. For now, further rally is expected as long as 164.91 support holds, in case of retreat.

In the bigger picture, price actions from 175.41 are seen as correction to up trend from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 166.42; (P) 166.95; (R1) 167.91; More…

Intraday bias in EUR/JPY remains on the upside for the moment. Current rise from 154.77 is in progress. Next target is 100% projection of 154.77 to 165.19 from 161.06 at 170.45. For now, further rally is expected as long as 164.91 support holds, in case of retreat.

In the bigger picture, price actions from 175.41 are seen as correction to up trend from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 165.35; (P) 165.97; (R1) 167.02; More…

EUR/JPY’s rally resumed by breaking through 166.73 temporary top and intraday bias is back on the upside. Current is part of the rally from 154.77, and should target 61.8% retracement of 175.41 to 154.77 at 167.38. For now, further rally is expected as long as 164.91 support holds, in case of retreat.

In the bigger picture, price actions from 175.41 are seen as correction to up trend from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

EUR/JPY surged to as high as 166.73 last week but turned sideway since then. Initial bias remains neutral this week first. Further rally is expected as long as 55 D EMA (now at 163.16) holds. Above 166.73 will resume the rise from 154.77 to 61.8% retracement of 175.41 to 154.77 at 167.38.

In the bigger picture, price actions from 175.41 are seen as correction to up trend from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

In the long term picture, while 175.41 is at least a medium term top, it’s still early to conclude that up trend from 94.11 (2012 low) has completed. A medium term corrective phase is in progress with risk of deeper fall back to 55 M EMA (now at 150.49).

Daily Pivots: (S1) 165.56; (P) 166.16; (R1) 166.82; More…

Intraday bias in EUR/JPY is turned neutral with current retreat. Some consolidations could be seen but further rise is expected as long as 55 D EMA (now at 163.15) holds. Above 166.73 will resume the rise from 154.77 to 61.8% retracement of 175.41 to 154.77 at 167.38.

In the bigger picture, price actions from 175.41 are seen as correction to up trend from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 165.52; (P) 165.98; (R1) 166.57; More…

Intraday bias in EUR/JPY stays on the upside, as rise from 154.77 is in progress. Next target is 166.67 resistance, and then 61.8% retracement of 175.41 to 154.77 at 167.38. On the downside, below 164.53 minor support will turn intraday bias neutral again first.

In the bigger picture, price actions from 175.41 are seen as correction to up trend from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 164.92; (P) 165.28; (R1) 165.93; More…

Intraday bias in EUR/JPY remains on the upside at this point. Current rise from 154.77 would target 166.67 resistance, and possibly further to 61.8% retracement of 175.41 to 154.77 at 167.38. On the downside, below 164.53 minor support will turn intraday bias neutral again first.

In the bigger picture, price actions from 175.41 are seen as correction to up trend from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 164.73; (P) 164.97; (R1) 165.40; More…

Intraday bias in EUR/JPY stays mildly on the upside. Current rise from 154.77 would target 166.67 resistance, and possibly further to 61.8% retracement of 175.41 to 154.77 at 167.38. On the downside, below 164.53 minor support will turn intraday bias neutral again first.

In the bigger picture, price actions from 175.41 are seen as correction to up trend from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 164.33; (P) 164.81; (R1) 165.51; More…

Intraday bias in EUR/JPY stays on the upside at this point. Decisive break of 165.19 will resume whole rally from 154.77 to 166.67 resistance, and possibly further to 61.8% retracement of 175.41 to 154.77 at 167.38. For now, near term outlook will stay mildly bullish as long as 162.87 support holds, in case of retreat.

In the bigger picture, price actions from 175.41 are seen as correction to up trend from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

EUR/JPY’s rebound from 161.06 continued last week and breached 165.19 resistance. Initial bias stays on the upside this week. Further rally would be seen to 166.67 resistance, and possibly further to 61.8% retracement of 175.41 to 154.77 at 167.38. For now, near term outlook will stay mildly bullish as long as 162.87 support holds, in case of retreat.

In the bigger picture, price actions from 175.41 are seen as correction to up trend from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

In the long term picture, while 175.41 is at least a medium term top, it’s still early to conclude that up trend from 94.11 (2012 low) has completed. A medium term corrective phase is in progress with risk of deeper fall back to 55 M EMA (now at 150.44).

Daily Pivots: (S1) 163.25; (P) 163.96; (R1) 165.04; More…

Intraday bias in EUR/JPY is back on the upside with break of 164.24. Firm break of 165.19 will resume whole rally from 154.77 and target 166.67 resistance next. For now further rise is expected as long as 162.87 support holds, in case of retreat.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 162.57; (P) 163.41; (R1) 163.84; More…

Intraday bias in EUR/JPY stays neutral at this point. On the upside, above 164.24 will bring retest of 165.19 resistance first. Firm break there will resume while rise from 154.77 to 166.67 resistance. On the downside, however, break of 161.06 will resume the decline from 165.19 instead.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 163.07; (P) 163.47; (R1) 164.15; More…

Intraday bias in EUR/JPY remains neutral for the moment, as sideway trading continues. On the upside, above 164.24 will bring retest of 165.19 resistance first. Firm break there will resume while rise from 154.77 to 166.67 resistance. On the downside, however, break of 161.06 will resume the decline from 165.19 instead.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.