Daily Pivots: (S1) 162.95; (P) 163.20; (R1) 163.55; More…

Range trading continues in EUR/JPY and intraday bias remains neutral. 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) 162.83; (P) 163.45; (R1) 164.09; More…

Intraday bias in EUR/JPY stays neutral. 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.

EUR/JPY extended the rebound from 161.06 last week but failed to break through 165.19 resistance. Initial bias remains neutral this week first. 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.

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 149.91).

Daily Pivots: (S1) 163.40; (P) 163.84; (R1) 164.32; More…

Intraday bias in EUR/JPY is turned neutral again with current retreat. 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) 163.13; (P) 163.52; (R1) 163.96; More…

Intraday bias in EUR/JPY remains on the upside for retesting 165.19 resistance. Firm break there will resume while rise from 154.77 to 166.67 resistance. On the downside, below 163.05 minor support will turn intraday bias neutral first.

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) 162.42; (P) 163.19; (R1) 164.28; More…

EUR/JPY’s break of 163.35 resistance suggests that fall from 165.19 has completed as a correction. Intraday bias is back on the upside for 165.19 first. Firm break there will resume while rise from 154.77 to 166.67 resistance.

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) 162.04; (P) 162.51; (R1) 163.11; More…

Intraday bias in EUR/JPY remains neutral at this point. Above 163.35 minor resistance will suggest that fall from 165.19 has completed as a correction, and rise from 154.77 is still in progress. Intraday bias will be turned back to the upside for 165.19 next. On the downside, break of 161.06 will resume the fall from 165.19 to 158.27 support.

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) 161.16; (P) 161.96; (R1) 162.82; More…

Intraday bias in EUR/JPY is turned neutral first with current recovery. On the downside, break of 161.06 will resume the fall from 165.19 to 158.27 support next. Nevertheless, on the upside, break of 163.35 resistance will revive near term bullishness, and bring retest of 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.

EUR/JPY’s decline from 165.19 extended lower last week and the break of 161.57 support argues that rise from 154.77 might have completed. Initial bias is back on the downside this week for 158.27 support next. Nevertheless, on the upside, break of 163.35 resistance will revive near term bullishness, and bring retest of 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.

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 149.91).

Daily Pivots: (S1) 161.67; (P) 162.55; (R1) 163.29; More…

Intraday bias in EUR/JPY remains neutral at this point. Further rally is in favor as long as 161.57 support holds. On the upside, break of 163.35 minor resistance will bring retest of 165.19 first. Break of 165.19 will resume the rise from 154.77 to 166.67 resistance. However, firm break of 161.57 will indicate near term reversal, and turn bias back to the downside.

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) 162.50; (P) 162.90; (R1) 163.19; More…

Intraday bias in EUR/JPY remains neutral for the moment, and more consolidations could be seen. Further rally is in favor as long as 161.57 support holds. Break of 165.19 will resume the rise from 154.77 to 166.67 resistance. However, firm break of 161.57 will indicate near term reversal, and turn bias back to the downside.

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) 162.56; (P) 162.92; (R1) 163.42; More…

No change in EUR/JPY’s outlook as range trading continues. Intraday bias stays neutral at this point. Further rally is in favor as long as 161.57 support holds. Break of 165.19 will resume the rise from 154.77 to 166.67 resistance. However, firm break of 161.57 will indicate near term reversal, and turn bias back to the downside.

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) 162.17; (P) 162.78; (R1) 163.42; More…

Range trading continues in EUR/JPY and intraday bias remains neutral. Further rally is in favor as long as 161.57 support holds. Break of 165.19 will resume the rise from 154.77 to 166.67 resistance. However, firm break of 161.57 will indicate near term reversal, and turn bias back to the downside.

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) 162.32; (P) 162.72; (R1) 162.97; More…

Intraday bias in EUR/JPY remains neutral and more consolidations could be seen below 165.19. Further rally is in favor as long as 161.57 support holds. Break of 165.19 will resume the rise from 154.77 to 166.67 resistance. However, firm break of 161.57 will indicate near term reversal, and turn bias back to the downside.

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.

EUR/JPY edged higher to 165.19 last week but retreated since then. Nevertheless, downside is contained above 161.57 support. Initial bias remains neutral this week and further rally is in favor. Break of 165.19 will resume the rise from 154.77 to 166.67 resistance. However, firm break of 161.57 will indicate near term reversal, and turn bias back to the downside.

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.

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 149.91).

Daily Pivots: (S1) 162.32; (P) 163.35; (R1) 163.94; More…

Intraday bias in EUR/JPY remains neutral and some consolidations could be seen below 165.19. Further rally is in favor as long as 161.57 support holds. Above 165.19 will resume the rally from 154.77 to 166.67 resistance. However, firm break of 161.57 will indicate near term reversal, and turn bias back to the downside.

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) 163.42; (P) 164.29; (R1) 164.86; More…

Intraday bias in EUR/JPY is turned neutral with current retreat and some consolidations could be seen Further rally is in favor as long as 161.57 support holds. Above 165.19 will resume the rally from 154.77 to 166.67 resistance. However, firm break of 161.57 will indicate near term reversal, and turn bias back to the downside.

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) 164.32; (P) 164.77; (R1) 165.41; More…

Intraday bias in EUR/JPY stays mildly on the upside at this point. Current rise from 154.77 should extend to 166.67 resistance. On the downside, below 164.10 minor support will turn intraday bias neutral first. But risk will stay on the upside as long as 161.57 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) 163.86; (P) 164.39; (R1) 165.15; More…

EUR/JPY’s rally from 154.77 resumed by breaking 164.61 resistance and intraday bias is back on the upside. Further rally should be seen to 166.67 resistance. For now, risk will stay on the upside as long as 161.57 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) 163.12; (P) 163.57; (R1) 163.99; More…

Intraday bias in EUR/JPY remains neutral first, but further rally is in favor with 161.57 support intact. On the upside, break of 164.61 will resume the rally from 154.77 to 166.67 resistance next. However, firm break of 161.57 support will indicate near term reversal and target 158.27 support 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.