Daily Pivots: (S1) 131.67; (P) 132.01; (R1) 132.24; More….

Intraday bias in EUR/JPY remains neutral at this point. On the upside, firm break of 132.63 resistance should confirm completion of correction from 134.11. Intraday bias will be turned back to the upside for retesting 134.11 first. On the downside, below 131.21 minor support will extend the correction through 130.02. But in this case, we’d expect strong support from 38.2% retracement of 121.63 to 134.11 at 129.34 to bring rebound.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Next target is 137.49 (2018 high). Decisive break there will open up the possibility that it’s indeed resuming the up trend from 94.11 (2012 low). For now, outlook will stay bullish as long as 127.07 resistance turned support holds, in case of pull back.

Daily Pivots: (S1) 137.17; (P) 137.55; (R1) 138.02; More….

EUR/JPY’s rebound from 133.38 is still in progress and intraday bias stays on the upside. Sustained trading above 55 day EMA (now at 138.48) will suggest that whole correction from 144.26 has completed. Further rally would then be seen back to retest 144.26 high. However, break of 135.63 will turn bias back to the downside for 133.38 low instead.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Further rally is in favor as long as 134.11 resistance turned support holds, even in case of deep pull back. Next target is 149.76 (2015 high). However, sustained break of 134.11 will be a sign of medium term bearish reversal and turn focus to 124.37 support for confirmation.

Daily Pivots: (S1) 123.58; (P) 124.30; (R1) 124.75; More….

EUR/JPY’s fall continues to as low as 123..31 so far today. With a head and shoulder top formed, decline from 127.07 should be correcting the whole rise from 114.42. Intraday bias stays on the downside for 38.2% retracement of 114.42 to 127.07 at 122.23. On the downside, above 125.01 minor resistance will turn intraday bias neutral first. But risk will now stay on the downside as long as 127.07 resistance holds, even in case of strong recovery.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 119.31 support holds.

Daily Pivots: (S1) 143.73; (P) 144.38; (R1) 144.73; More….

Intraday bias in EUR/JPY is turned neutral with current retreat and some consolidations could be seen. But downside should be contained above 138.38 resistance turned support bring another rally. On the upside, decisive break of 61.8% projection of 124.37 to 144.26 from 133.38 at 145.67 will pave the way to 149.76 long term resistance, and then 100% projection at 153.27.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Next target is 149.76 (2015 high). For now, outlook will remain bullish as long as 133.38 support holds, even in case of deep pull back.

Daily Pivots: (S1) 124.64; (P) 125.14; (R1) 125.86; More….

With 124.44 support intact, intraday bias in EUR/JPY remains neutral first. Larger rise is in favor to continue and break of 127.07 will resume the rally from 114.42, to 128.67 fibonacci level. Nevertheless, considering bearish divergence condition in daily MACD, firm break of 124.44 will confirm short term topping. Intraday bias will be turned back to the downside for 55 day EMA (now at 124.01) and further to 38.2% retracement of 114.42 to 127.07 at 122.23.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.49 (2018 high). This will remain the preferred case for now, as long as 119.31 support holds.

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.

Daily Pivots: (S1) 120.36; (P) 120.71; (R1) 121.15; More….

Intraday bias in EUR/JPY is turned neutral with today’s recovery. Outlook is unchanged that fall from 124.43 hasn’t finished. On the downside, break of 119.31 will resume such decline and target 61.8% retracement of 114.42 to 124.43 at 118.24. On the upside, however, break of 122.11 will argue that fall from 124.43 has completed. Stronger rise would be seen to retest 124.43.

In the bigger picture, whole down trend from 137.49 (2018 high) could have completed at 114.42 already. Rise from 114.42 would target 61.8% retracement of 137.49 to 114.42 at 128.67 next. Sustained break there will pave the way to 137.59 (2018 high). This will remain the preferred case for now, as long as 55 day EMA (now at 119.90) holds. However, sustained break of 55 day EMA will revive medium term bearishness for another low below 114.42 at a later stage.

Daily Pivots: (S1) 125.70; (P) 126.03; (R1) 126.52; More….

Intraday bias EUR/JPY stays neutral first. On the downside, break of 124.23 support will suggest completion of rebound from 118.62 after rejection by 55 day EMA. Deeper fall would then be seen back to retest 118.62 low. However, decisive break of 126.30 will dampen our bearish view and target 129.25 resistance next.

In the bigger picture, medium term rebound from 109.03 (2016 low) has completed at 137.49 (2018 high) already, with corrective structure. Fall from 137.49 is likely still in progress. Decisive break of 118.62 will target 161.8% projection of 137.49 to 124.61 from 133.12 at 112.28, which is inside 109.03/114.84 support zone. This will remain the favored case as long as 129.25 resistance holds.

Daily Pivots: (S1) 143.00; (P) 143.63; (R1) 144.57; More….

Intraday bias in EUR/JPY is turned neutral with current retreat. On the upside, firm break of 144.23 resistance will resume larger up trend. Next near term target is 100% projection of 132.63 to 144.23 from 137.83 at 149.43. On the downside, below 141.93 minor support will turn bias to the downside for 137.83 support instead.

In the bigger picture, up trend from 114.42 (2020 low) is in progress. Such rise is seen as the third leg of the pattern from 109.30 (2016 low). Sustained trading above 100% projection of 114.42 to 134.11 from 124.37 at 144.06 will indicate upside acceleration and target 149.76 long term resistance (2014 high). In any case, outlook will now remain bullish as long as 132.63 support holds, in case of deep pull back.

EUR/JPY’s rebound from 128.94 extended to as high as 132.98 before forming a temporary top there. Initial bias is neutral tis week first. Downside of retreat should be contained above 131.09 minor support to bring another rally. Above 132.89 will target 61.8% retracement of 137.49 to 128.94 at 134.22 and above. For now, we’d expect strong resistance below 137.49 high to complete the rebound from 128.94 to bring another fall. On the downside, below 131.09 will indicate that the rebound is completed and bring retest of 128.94 low.

In the bigger picture, price action from 137.49 medium term top are developing into a corrective pattern. Strong support from 55 week EMA (now at 129.91) suggests that the first leg has completed at 128.94 already. Nonetheless, break of 137.49 is needed to confirm resumption of the rise from 109.03 (2016 low). Otherwise, we’d expect more corrective range trading, with risk of another fall to 38.2% retracement of 109.03 to 137.49 at 126.61 before completion.

In the long term picture, at this point, EUR/JPY is staying in long term sideway pattern. established since 2000. Rise from 109.03 is seen as a leg inside the pattern. As long as 124.08 support holds, further rally is in favor in medium to long term through 149.76 high. However, break of 124.08 could extend the fall through 109.03 low instead.

Daily Pivots: (S1) 159.31; (P) 159.79; (R1) 160.52; More…

Intraday bias in EUR/JPY remains neutral for the moment. On the upside, firm break of 160.25 minor resistance will indicate that rise from 153.15 is ready to resume, and turn bias back to the upside for 161.84 first. Nevertheless, break of 158.06 will now suggest that the rise from 153.15 has completed and turn bias back to the downside.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage.

Daily Pivots: (S1) 116.99; (P) 117.87; (R1) 118.42; More….

Break of 117.45 minor support argues that recovery from 116.33 has completed. Intraday bias is turned back to the downside for 115.86/33 key support zone. On the upside, break of 119.03 will extend recent consolidation form 115.86 with another rise leg.

In the bigger picture, outlook remains bearish as the cross is staying well inside falling channel established since 137.49 (2018 high), as well as falling 55 week EMA. As long as 122.87 resistance holds, the down trend form 137.49 should extend to 109.48 (2016 low). However, sustained break of 122.87 will indicate medium term bullish reversal.

Daily Pivots: (S1) 130.69; (P) 131.19; (R1) 131.58; More….

EUR/JPY is losing some upside momentum as seen in 4 hour MACD. But with 130.09 minor support intact, further rise is expected to 131.97 resistance and then key fibonacci resistance at 132.56. On the downside, break of 130.09 minor support will bring deeper pull back. But outlook stays cautiously bullish as long as 127.85 support holds.

In the bigger picture, as long as 124.08 key resistance turned support, larger up trend from 109.03 (2016 low) remains in favor to continue. Decisive break of 61.8% retracement of 137.49 to 124.61 at 132.56 will pave the way to retest 137.49 high. However, firm break of 124.08 will argue that whole rise from 109.03 (2016 low) has completed at 137.49. Deeper decline would be seen to 61.8% retracement of 109.03 to 137.49 at 119.90 next.

Daily Pivots: (S1) 159.31; (P) 159.80; (R1) 160.20; More…

Intraday bias in EUR/JPY remains neutral with focus on 160.25 minor resistance. Decisive break there will indicate that rise from 153.15 is ready to resume, and turn bias back to the upside for 161.84 first. Nevertheless, break of 158.06 will now suggest that the rise from 153.15 has completed and turn bias back to the downside.

In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from 139.05 only. As long as 148.38 resistance turned support holds (2022 high), larger up trend from 114.42 (2020 low) is expected to resume through 164.29 at a later stage.

Daily Pivots: (S1) 115.82; (P) 116.09; (R1) 116.64; More….

Intraday bias in EUR/JPY remains neutral for consolidations. Upside of recovery should be limited by 117.21 resistance to bring fall resumption. On the downside, break of 115.54 will resume larger down trend. Next target is 100% projection of 121.14 to 116.33 from 119.00 at 114.19.

In the bigger picture, down trend from 137.49 (2018 high) is possibly resuming. Medium term bearishness is maintained with the cross staying well inside falling channel established since 137.49 (2018 high), as well as below falling 55 week EMA. Next downside target will be 109.48 (2016 low). In any case, outlook will remain bearish as long as 122.87 resistance holds, in case of rebound.

Daily Pivots: (S1) 128.90; (P) 129.36; (R1) 129.96; More….

Intraday bias in EUR/JPY remains neutral at this point. On the upside break of 129.97 minor resistance will affirm the case that rise from 124.89 is not completed. Retest of 130.86 should then be seen first. Break will target key fibonacci resistance at 132.56. On the downside, though, break of 127.85 will extend the fall from 130.86 instead.

In the bigger picture, as long as 124.08 key resistance turned support, larger up trend from 109.03 (2016 low) remains in favor to continue. Decisive break of 61.8% retracement of 137.49 to 124.61 at 132.56 will pave the way to retest 137.49 high. However, firm break of 124.08 will argue that whole rise from 109.03 (2016 low) has completed at 137.49. Deeper decline would be seen to 61.8% retracement of 109.03 to 137.49 at 119.90 next.

Daily Pivots: (S1) 131.38; (P) 131.69; (R1) 131.93; More….

Intraday bias in EUR/JPY is turned neutral with today’s deep pull back. As long as 129.90 minor support holds, further rise is still in favor. Above 131.97 will target 100% projection of 124.61 to 130.33 from 127.13 at 132.85 next. However, break of 129.90 will indicate short term reversal, with bearish divergence condition in 4 hour MACD, and turn bias back to the downside for 127.13 support.

In the bigger picture, the strong break of channel resistance from 137.49 suggests that the decline from there as completed. The three wave structure suggests that it’s a correction. With 124.08 key resistance turned support intact, medium term bullishness is also retained. Break of 133.47 will affirm this bullish case and target 137.49 and above. This will now be the favored case as long as 127.13 support holds.

EUR/JPY rebounded strongly after edging lower to 124.37. But as a temporary top was formed at 129.01, initial bias is neutral this week first. On the upside, sustained trading above 55 day EMA (now at 129.30) will argue that correction from 134.11 has completed, and bring stronger rally to retest this high. On the downside, though, below 126.28 minor support will turn bias back to the downside for 124.37 support.

In the bigger picture, outlook is neutral at best for now until there is clear sign of up trend resumption. Corrective pattern from 134.11 could still extend further, sideway or downward. Break of 124.37 will target 61.8% retracement of 114.42 to 134.11 at 121.94.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Long term outlook will remain neutral until breakout from the range of 109.03/137.49.

Daily Pivots: (S1) 129.92; (P) 130.53; (R1) 130.87; More….

Intraday bias in EUR/JPY remains neutral for consolidation below 131.30 temporary top. Further rise is expected as long as 129.43 minors support holds. On the upside, break of 131.10 will resume the rebound from 124.89 to 131.97 resistance and then key fibonacci resistance at 132.56.

In the bigger picture, as long as 124.08 key resistance turned support, larger up trend from 109.03 (2016 low) remains in favor to continue. Decisive break of 61.8% retracement of 137.49 to 124.61 at 132.56 will pave the way to retest 137.49 high. However, firm break of 124.08 will argue that whole rise from 109.03 (2016 low) has completed at 137.49. Deeper decline would be seen to 61.8% retracement of 109.03 to 137.49 at 119.90 next.

Daily Pivots: (S1) 128.86; (P) 129.35; (R1) 130.22; More….

EUR/JPY’s rebound from 124.61 extends to as high as 130.12 so far today and intraday bias remains on the upside. As noted, the three wave structure of the fall from 133.47 to 124.61 suggests it’s a correction. And larger rally is not completed. Break of 131.34 resistance will pave the way to retest 133.47 high next. On the downside, break of 127.78 support is now needed to indicate completion of the rebound. Otherwise, outlook will stay cautiously bullish in case of retreat.

In the bigger picture, as long as 124.08 resistance turned support holds, medium term rise from 109.03 (2016 low) is still in progress and another high above 137.49 would be seen. Nonetheless, considering bearish divergence condition in daily MACD, decisive break of 124.08 will confirm medium term reversal and target 61.8% retracement of 109.03 to 137.49 at 119.90 and below.