EUR/JPY Daily Outlook

Daily Pivots: (S1) 156.96; (P) 157.67; (R1) 158.25; More..

EUR/JPY is still bounded in range of 153.15/158.55 and intraday bias remains neutral. On the upside, above 158.55 will resume the rebound from 153.15. On the downside, break of 153.15 will resume whole fall from 164.39 to 61.8% retracement of 139.05 to 164.29 at 148.69.

In the bigger picture, price actions from 164.29 medium term top are tentatively seen as a correction to rise from 139.05 for now. As long as 148.48 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) could still resume through 164.29 at a later stage.

Featured Analysis

Learn Forex Trading