Daily Pivots: (S1) 162.63; (P) 162.91; (R1) 163.38; More….

With 162.08 minor support intact, EUR/JPY’s rebound from 161.22 could extend further to retest 164.29 high. Firm break there will resume larger up trend. On the downside, however, break of 162.08 will turn bias back to the downside, to resume the fall from 164.29 through 161.22 towards 159.75 resistance turned support.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 169.96 (2008 high). On the downside, break of 159.75 resistance turned support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.

Daily Pivots: (S1) 161.99; (P) 162.46; (R1) 163.33; More….

Intraday bias in EUR/JPY stays mildly on the upside at this point. Rebound from 161.22 could extend further to retest 164.29 high. Firm break there will resume larger up trend. On the downside, though, below 161.22 will resume the fall from 164.29 to 159.75 resistance turned support.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 169.96 (2008 high). On the downside, break of 159.75 resistance turned support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.

Daily Pivots: (S1) 161.30; (P) 161.86; (R1) 162.48; More….

Intraday bias in EUR/JPY is back on the upside with break of 162.42 minor resistance. Retest of 164.29 resistance should be seen next. Firm break there will resume larger up trend. On the downside, though, below 161.22 will resume the fall from 164.29 to 159.75 resistance turned support.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 169.96 (2008 high). On the downside, break of 159.75 resistance turned support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.

Daily Pivots: (S1) 161.57; (P) 162.56; (R1) 163.35; More….

Intraday bias in EUR/JPY is now on the downside as fall from 164.92 extends. Deeper decline would be seen, but downside should be contained well above 159.75 resistance turned support to bring another rally. On the upside, above 162.42 minor resistance will bring retest of 164.29. Firm break there will resume larger up trend.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 169.96 (2008 high). On the downside, break of 159.75 resistance turned support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.

Daily Pivots: (S1) 162.42; (P) 163.03; (R1) 163.89; More….

Intraday bias in EUR/JPY remains neutral as consolidation from 164.29 is extending. Downside of retreat should be contained well above 159.75 resistance turned support to bring another rally. On the upside, break of 164.29 will resume larger up trend to 61.8% projection of 139.05 to 159.75 from 154.32 at 167.11.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 169.96 (2008 high). On the downside, break of 159.75 resistance turned support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.

EUR/JPY’s up trend continued to as high as 164.29 last week but retreated since then. Initial bias stays neutral this week first, and some more consolidations could be seen. Downside of retreat should be contained well above 159.75 resistance turned support to bring another rally. On the upside, break of 164.29 will resume larger up trend to 61.8% projection of 139.05 to 159.75 from 154.32 at 167.11.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 169.96 (2008 high). On the downside, break of 159.75 resistance turned support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.

In the long term picture, rise from 109.03 (2016 low) is seen as the third leg of the whole up trend from 94.11 (2012 low). Next target is 100% projection of 94.11 to 149.76 from 114.42 at 170.07 which is close to 169.96 (2008 high).

Daily Pivots: (S1) 163.12; (P) 163.72; (R1) 164.18; More….

A temporary top is formed at 164.29 in EUR/JPY with current retreat. Intraday bias is turned neutral for consolidations first. Downside of retreat should be contained well above 159.75 resistance turned support to bring another rally. On the upside, break of 164.29 will resume larger up trend to 61.8% projection of 139.05 to 159.75 from 154.32 at 167.11.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 169.96 (2008 high). On the downside, break of 159.75 resistance turned support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.

Daily Pivots: (S1) 163.45; (P) 163.84; (R1) 164.60; More….

EUR/JPY’s rally continues today and intraday bias stays on the upside. Next near term target is 61.8% projection of 139.05 to 159.75 from 154.32 at 167.11. On the downside, below 163.05 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 169.96 (2008 high). On the downside, break of 159.75 resistance turned support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.

Daily Pivots: (S1) 162.60; (P) 163.21; (R1) 164.21; More….

Intraday bias in EUR/JPY remains on the upside as recent rally is still in progress. Next near term target is 61.8% projection of 139.05 to 159.75 from 154.32 at 167.11. On the downside, below 163.23 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 169.96 (2008 high). On the downside, break of 159.75 resistance turned support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.

Daily Pivots: (S1) 161.78; (P) 162.08; (R1) 162.61; More….

EUR/JPY’s rally accelerates to as high as 163.44 so far. 163.06 projection is taken out already and there is no sign of topping. Intraday bias stays on the upside . Next target is 169.96 long term resistance. On the downside, below 162.35 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, rise from 114.42 (2020 low) is in progress. sustained trading above 100% projection of 124.37 to 148.38 from 139.05 at 163.06 will target 169.96 (2008 high). On the downside, break of 159.75 resistance turned support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.

Daily Pivots: (S1) 161.78; (P) 162.08; (R1) 162.61; More….

Intraday bias in EUR/JPY remains on the upside at this point. Current rally should target 163.06 projection level next. Strong resistance could be seen there to limit upside on first attempt. On the downside, below 161.34 minor support will turn intraday bias neutral and bring consolidations first, before staging another rise.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 100% projection of 124.37 to 148.38 from 139.05 at 163.06. Sustained break there will target 169.96 (2008 high). On the downside, break of 154.32 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.

Daily Pivots: (S1) 161.52; (P) 161.74; (R1) 162.11; More….

EUR/JPY’s rally continues today and hits as high as 162.25 so far. Intraday bias remains on the upside for 163.06 projection level next. Strong resistance could be seen there to limit upside on first attempt. On the downside, below 161.34 minor support will turn intraday bias neutral and bring consolidations first, before staging another rise.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 100% projection of 124.37 to 148.38 from 139.05 at 163.06. Sustained break there will target 169.96 (2008 high). On the downside, break of 154.32 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.

EUR/JPY’s up trend continued last week and hit as high as 161.93. Initial bias stays on the upside this week. Further rise should be seen to 163.06 projection level next. Strong resistance could be seen there to limit upside on first attempt. On the downside, below 161.01 minor support will turn intraday bias neutral and bring consolidations first, before staging another rise.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 100% projection of 124.37 to 148.38 from 139.05 at 163.06. Sustained break there will target 169.96 (2008 high). On the downside, break of 154.32 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.

In the long term picture, rise from 109.03 (2016 low) is seen as the third leg of the whole up trend from 94.11 (2012 low). Next target is 100% projection of 94.11 to 149.76 from 114.42 at 170.07 which is close to 169.96 (2008 high).

Daily Pivots: (S1) 161.29; (P) 161.55; (R1) 161.72; More….

Despite some loss of momentum as seen in 4H MACD, intraday bias in EUR/JPY stays on the upside. Current rally should target 163.06 projection level next. But strong resistance could be seen there to limit upside on first attempt. On the downside, below 160.68 minor support will turn intraday bias neutral and bring consolidations first, before staging another rise.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 100% projection of 124.37 to 148.38 from 139.05 at 163.06. On the downside, break of 154.32 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.

Daily Pivots: (S1) 161.01; (P) 161.37; (R1) 162.04; More….

EUR/JPY’s rally is still in progress and hits as high as 161.71 so far. Intraday bias stays on the upside for 163.06 projection level next. On the downside, below 160.68 minor support will turn intraday bias neutral and bring consolidations first, before staging another rise.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 100% projection of 124.37 to 148.38 from 139.05 at 163.06. On the downside, break of 154.32 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.

Daily Pivots: (S1) 160.58; (P) 160.81; (R1) 161.18; More….

Despite some loss of upside momentum as seen in 4H MACD, intraday bias in EUR/JPY remains on the upside with 160.17 minor support intact. Current rally should extend to 163.06 projection level next. On the downside, however, break of 160.17 minor support will turn intraday bias neutral and bring consolidations first, before staging another rise.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 100% projection of 124.37 to 148.38 from 139.05 at 163.06. On the downside, break of 154.32 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.

Daily Pivots: (S1) 160.32; (P) 160.65; (R1) 161.17; More….

Break of 160.84 resistance indicates resumption of larger up trend in EUR/JPY. Intraday bias is back on the upside for 163.06 projection level next. On the downside, break of 160.17 minor support will turn intraday bias neutral and bring consolidations first, before staging another rise.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 100% projection of 124.37 to 148.38 from 139.05 at 163.06. On the downside, break of 154.32 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.

Daily Pivots: (S1) 159.79; (P) 160.10; (R1) 160.59; More….

Intraday bias in EUR/JPY remains neutral and consolidation from 160.84 could extend further. While another dip cannot be ruled out, outlook will stay bullish as long as 157.67 support holds. Break of 160.84 will resume larger up trend to 163.06 projection level next.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 100% projection of 124.37 to 148.38 from 139.05 at 163.06. On the downside, break of 154.32 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.

EUR/JPY’s up trend resumed last week and hit 160.84 before turning into consolidation. Initial bias stays neutral this week as more sideway trading could be seen. But outlook will stay bullish as long as 157.67 support holds. Break of 160.84 will resume larger up trend to 163.06 projection level next.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 100% projection of 124.37 to 148.38 from 139.05 at 163.06. On the downside, break of 154.32 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.

In the long term picture, rise from 109.03 (2016 low) is seen as the third leg of the whole up trend from 94.11 (2012 low). Next target is 100% projection of 94.11 to 149.76 from 114.42 at 170.07 which is close to 169.96 (2008 high).

Daily Pivots: (S1) 159.25; (P) 159.66; (R1) 160.26; More….

Intraday bias in EUR/JPY remains neutral for consolidation below 160.84. Outlook stay bullish as long as 157.67 support holds. Break of 160.84 will resume larger up trend to 163.06 projection level next.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 100% projection of 124.37 to 148.38 from 139.05 at 163.06. On the downside, break of 154.32 support is needed to be the first sign of medium term topping. Otherwise, outlook will remain bullish even in case of deep pullback.