Daily Pivots: (S1) 124.80; (P) 125.13; (R1) 125.48; More….

Despite dipping to 124.78, EUR/JPY quickly recovered and intraday bias is turned neural again. On the upside, above 125.61 will resume the rebound to 126.78/127.50 resistance zone. On the downside, below 124.78 will extend the fall from 125.61 back to 123.65 support first.

In the bigger picture, EUR/JPY is staying well inside medium term falling channel from 137.49 (2018 high). It’s also held below 55 week EMA (now at 127.53). Thus, down trend from 137.49 might still extend lower. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will solidify the case of medium term bullish reversal. Rise from 118.76 should extend to 133.12 key resistance instead.

Daily Pivots: (S1) 125.14; (P) 125.33; (R1) 125.79; More….

EUR/JPY’s break of 124.96 minor support suggests that rebound from 123.65 has completed. Intraday bias is turned back to the downside for 123.65 support first. Break there will resume whole fall from 127.50 and target 61.8% retracement of 118.62 to 127.05 at 121.84. On the upside, though, above 125.61 will resume the rebound to 126.78/127.50 resistance zone.

In the bigger picture, EUR/JPY is staying well inside medium term falling channel from 137.49 (2018 high). It’s also held below 55 week EMA (now at 127.53). Thus, down trend from 137.49 might still extend lower. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will solidify the case of medium term bullish reversal. Rise from 118.76 should extend to 133.12 key resistance instead.

Daily Pivots: (S1) 125.14; (P) 125.33; (R1) 125.79; More….

EUR/JPY’s rebound from 123.65 resumed after brief consolidation and intraday bias is back on the upside. Current rise could target 126.78/127.50 resistance zone. However, on the downside, break of 124.96 minor support will argue that the rebound is completed. And, intraday bias will be turned back to the downside for 123.65 support instead.

In the bigger picture, EUR/JPY is staying well inside medium term falling channel from 137.49 (2018 high). It’s also held below 55 week EMA (now at 127.53). Thus, down trend from 137.49 might still extend lower. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will solidify the case of medium term bullish reversal. Rise from 118.76 should extend to 133.12 key resistance instead.

Daily Pivots: (S1) 125.14; (P) 125.33; (R1) 125.79; More….

EUR/JPY’s rebound from 123.65 resumed after brief consolidation and intraday bias is back on the upside. Current rise could target 126.78/127.50 resistance zone. However, on the downside, break of 124.96 minor support will argue that the rebound is completed. And, intraday bias will be turned back to the downside for 123.65 support instead.

In the bigger picture, EUR/JPY is staying well inside medium term falling channel from 137.49 (2018 high). It’s also held below 55 week EMA (now at 127.53). Thus, down trend from 137.49 might still extend lower. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will solidify the case of medium term bullish reversal. Rise from 118.76 should extend to 133.12 key resistance instead.

Daily Pivots: (S1) 125.15; (P) 125.33; (R1) 125.47; More….

Intraday bias in EUR/JPY remains neutral at this point. Current development argues that corrective pull back from 127.50 might have completed already. Hence, further rise is expected as long as 124.47 minor support intact. On the upside, above 125.50 will turn bias to the upside for 126.78/127.50 resistance zone. However, on the downside, break of 124.47 will turn bias back to the downside for 123.65 support instead.

In the bigger picture, EUR/JPY is staying well inside medium term falling channel from 137.49 (2018 high). It’s also held below 55 week EMA (now at 127.53). Thus, down trend from 137.49 might still extend lower. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will solidify the case of medium term bullish reversal. Rise from 118.76 should extend to 133.12 key resistance instead.

EUR/JPY’s rebound from 123.65 extended to as high as 125.50 last week but lost momentum since then. Initial bias is turned neutral this week first. Current development argues that corrective pull back from 127.50 might have completed already. Hence, further rise is expected as long as 124.47 minor support intact. On the upside, above 125.50 will turn bias to the upside for 126.78/127.50 resistance zone. However, on the downside, break of 124.47 will turn bias back to the downside for 123.65 support instead.

In the bigger picture, EUR/JPY is staying well inside medium term falling channel from 137.49 (2018 high). It’s also held below 55 week EMA (now at 127.53). Thus, down trend from 137.49 might still extend lower. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will solidify the case of medium term bullish reversal. Rise from 118.76 should extend to 133.12 key resistance instead.

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. Break of 118.62 will extend this falling leg through 109.03 low. On the upside, break of 133.12 resistance bring retest of 149.76 (2014 high).

Daily Pivots: (S1) 125.03; (P) 125.21; (R1) 125.46; More….

EUR/JPY’s rebound from 123.65 is still in progress and intraday bias remains on the upside for 126.78/127.50 resistance zone first. On the downside, however, break of 123.56 will resume the fall from 127.50 to 61.8% retracement of 118.62 to 127.50 at 122.01.

In the bigger picture, rebound from 118.62 might have completed earlier than expected at 127.50. EUR/JPY is held well inside medium term falling channel, and below 55 week EMA (now at 127.61). That is, the down trend from 137.49 (2018 high) might still be in progress. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will extend the rebound from 118.62 to 133.12 key resistance instead.

Daily Pivots: (S1) 124.75; (P) 125.10; (R1) 125.59; More….

Intraday bias in EUR/JPY remains on the upside for the moment. Rebound from 123.65 is in progress and could extend to 126.78/127.50 resistance zone first. On the downside, however, break of 123.56 will resume the fall from 127.50 to 61.8% retracement of 118.62 to 127.50 at 122.01.

In the bigger picture, rebound from 118.62 might have completed earlier than expected at 127.50. EUR/JPY is held well inside medium term falling channel, and below 55 week EMA (now at 127.61). That is, the down trend from 137.49 (2018 high) might still be in progress. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will extend the rebound from 118.62 to 133.12 key resistance instead.

Daily Pivots: (S1) 124.51; (P) 124.70; (R1) 124.94; More….

EUR/JPY’s rebound from 123.65 extends higher today. Break of 125.01 minor resistance suggests that pull back from 127.50 has completed with three waves down to 123.56. Intraday bias is turned back to the upside for 126.78/127.50 resistance zone first. On the downside, however, break of 123.56 will resume the fall from 127.50 to 61.8% retracement of 118.62 to 127.50 at 122.01.

In the bigger picture, rebound from 118.62 might have completed earlier than expected at 127.50. EUR/JPY is held well inside medium term falling channel, and below 55 week EMA (now at 127.61). That is, the down trend from 137.49 (2018 high) might still be in progress. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will extend the rebound from 118.62 to 133.12 key resistance instead.

Daily Pivots: (S1) 124.55; (P) 124.75; (R1) 125.06; More….

Intraday bias in EUR/JPY remains neutral and further decline is expected. Break of 123.65 will resume the fall from 127.50 for 61.8% retracement of 118.62 to 127.50 at 122.01. However, break of 125.01 will turn bias back to the upside for 126.78/127.50 resistance zone.

In the bigger picture, rebound from 118.62 might have completed earlier than expected at 127.50. EUR/JPY is held well inside medium term falling channel, and below 55 week EMA (now at 127.73). That is, the down trend from 137.49 (2018 high) might still be in progress. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will extend the rebound from 118.62 to 133.12 key resistance instead.

Daily Pivots: (S1) 124.10; (P) 124.37; (R1) 124.61; More….

Intraday bias in EUR/JPY is neutral so far with today recovery. But further fall is mildly in favor as long as 125.01 resistance holds. Decline from 127.50 should extend to 61.8% retracement of 118.62 to 127.50 at 122.01. However, break of 125.01 will turn bias back to the upside for 126.78/127.50 resistance zone.

In the bigger picture, rebound from 118.62 might have completed earlier than expected at 127.50. EUR/JPY is held well inside medium term falling channel, and below 55 week EMA (now at 127.73). That is, the down trend from 137.49 (2018 high) might still be in progress. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will extend the rebound from 118.62 to 133.12 key resistance instead.

EUR/JPY edged lower to 123.65 last week but lacked follow through selling. Downside momentum is also weak as seen in 4 hour MACD. Nonetheless, further decline is expected as long as 125.01 resistance holds. Decline from 127.50 should extend to 61.8% retracement of 118.62 to 127.50 at 122.01. However, break of 125.01 will turn bias back to the upside for 126.78/127.50 resistance zone.

In the bigger picture, rebound from 118.62 might have completed earlier than expected at 127.50. EUR/JPY is held well inside medium term falling channel, and below 55 week EMA (now at 127.73). That is, the down trend from 137.49 (2018 high) might still be in progress. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will extend the rebound from 118.62 to 133.12 key resistance instead.

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. Break of 118.62 will extend this falling leg through 109.03 low. On the upside, break of 133.12 resistance bring retest of 149.76 (2014 high).

Daily Pivots: (S1) 123.75; (P) 124.09; (R1) 124.53; More….

Despite unconvincing downside momentum, further fall is expected in EUR/JPY with 125.01 minor resistance intact. Fall from 127.50 would target 61.8% retracement of 118.62 to 127.50 at 122.01. However, break of 125.01 will turn bias back to the upside for 126.78/127.50 resistance zone.

In the bigger picture, rebound from 118.62 might have completed earlier than expected at 127.50. EUR/JPY is held well inside medium term falling channel, and below 55 week EMA (now at 127.86). That is, the down trend from 137.49 (2018 high) might still be in progress. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will extend the rebound from 118.62 to 133.12 key resistance instead.

Daily Pivots: (S1) 123.97; (P) 124.35; (R1) 124.66; More….

EUR/JPY is staying in consolidation from 132.82 temporary low and intraday bias remains neutral. Further fall is expected with 125.68 minor resistance intact. On the downside, break of 123.82 will resume the fall from 127.50 to 61.8% retracement of 118.62 to 127.50 at 122.01. However, break of 125.68 will bring stronger rebound back to 127.50 resistance.

In the bigger picture, rebound from 118.62 might have completed earlier than expected at 127.50. EUR/JPY is held well inside medium term falling channel, and below 55 week EMA (now at 127.86). That is, the down trend from 137.49 (2018 high) might still be in progress. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will extend the rebound from 118.62 to 133.12 key resistance instead.

Daily Pivots: (S1) 124.31; (P) 124.67; (R1) 124.98; More….

Intraday bias in EUR/JPY remains neutral for consolidation above 123.82 temporary low. Some consolidations could be seen and further fall is expected with 125.68 minor resistance intact. On the downside, break of 123.82 will resume the fall from 127.50 to 61.8% retracement of 118.62 to 127.50 at 122.01. However, break of 125.68 will bring stronger rebound back to 127.50 resistance.

In the bigger picture, rebound from 118.62 might have completed earlier than expected at 127.50. EUR/JPY is held well inside medium term falling channel, and below 55 week EMA (now at 127.86). That is, the down trend from 137.49 (2018 high) might still be in progress. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will extend the rebound from 118.62 to 133.12 key resistance instead.

Daily Pivots: (S1) 123.90; (P) 124.36; (R1) 124.86; More….

A temporary low is in place at 123.82 in EUR/JPY and intraday bias is turned neutral first. Further decline is expected as long as 125.68 minor resistance holds. Prior break of 124.27 support indicates completion of rebound from 118.62. On the downside, below 123.82 will target 61.8% retracement of 118.62 to 127.50 at 122.01. However, break of 125.68 will bring stronger rebound back to 127.50 resistance.

In the bigger picture, rebound from 118.62 might have completed earlier than expected at 127.50. EUR/JPY is held well inside medium term falling channel, and below 55 week EMA (now at 127.86). That is, the down trend from 137.49 (2018 high) might still be in progress. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will extend the rebound from 118.62 to 133.12 key resistance instead.

Daily Pivots: (S1) 123.32; (P) 124.75; (R1) 125.68; More….

Intraday bias in EUR/JPY remains on the downside at this point. Prior break of 124.27 support firstly indicates resumption of fall from 127.50. Secondly it argues that rebound from 118.62 might be completed. Deeper decline would be seen to 61.8% retracement of 118.62 to 127.50 at 122.01. On the upside, above 125.08 minor resistance will turn intraday bias neutral first.

In the bigger picture, rebound from 118.62 might have completed earlier than expected at 127.50. EUR/JPY is held well inside medium term falling channel, and below 55 week EMA (now at 127.86). That is, the down trend from 137.49 (2018 high) might still be in progress. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will extend the rebound from 118.62 to 133.12 key resistance instead.

EUR/JPY recovered to 126.78 last week but dropped sharply since then. Break of 124.27 support firstly indicates resumption of fall from 127.50. Secondly it argues that rebound from 118.62 might be completed. Initial bias is now on the downside this week for 61.8% retracement of 118.62 to 127.50 at 122.01. On the upside, above 125.08 minor resistance will turn intraday bias neutral first.

In the bigger picture, rebound from 118.62 might have completed earlier than expected at 127.50. EUR/JPY is held well inside medium term falling channel, and below 55 week EMA (now at 127.86). That is, the down trend from 137.49 (2018 high) might still be in progress. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will extend the rebound from 118.62 to 133.12 key resistance instead.

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. Break of 118.62 will extend this falling leg through 109.03 low. On the upside, break of 133.12 resistance bring retest of 149.76 (2014 high).

Daily Pivots: (S1) 125.62; (P) 126.11; (R1) 126.54; More….

EUR/JPY is staying in sideway consolidation below 127.50 and intraday bias remains neutral. Near term outlook will remain bullish as long as 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) holds. On the upside, decisive break of 127.50 will resume whole rise from 118.62 and target 129.50 resistance next.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

Daily Pivots: (S1) 126.22; (P) 126.50; (R1) 126.66; More….

EUR/JPY’s sharp fall today suggests that rebound from 124.27 has completed at 126.78. Deeper decline might now be seen as consolidation from 127.50 extends. But after all, near term outlook will remain bullish as long as 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) holds. On the upside, decisive break of 127.50 will resume whole rise from 118.62 and target 129.50 resistance next.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.