Daily Pivots: (S1) 156.72; (P) 157.11; (R1) 157.82; More….

Intraday bias in EUR/JPY is turned neutral with current retreat but outlook is unchanged. Decisive break of 157.99/158.03 will resume larger up trend to 162.82 projection level next. However, break of 155.10 will extend the corrective pattern from 157.99 with another falling leg instead.

In the bigger picture, as long as 151.60 resistance turned support holds, rise from 114.42 (2020 low) is in progress. On resumption, next target is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. Nevertheless, sustained break of 151.60 will argue that larger correction is already underway. Deeper decline would be seen to 55 W EMA (now at 145.56).

Daily Pivots: (S1) 155.28; (P) 156.28; (R1) 157.45; More….

Intraday bias in EUR/JPY stays mildly on the upside for retesting 157.99/158.03 resistance. Decisive break there will resume larger up trend to 162.82 projection level next. On the downside, below 155.10 minor support will turn intraday bias neutral again. But outlook will remain bullish as long as 38.2% retracement of 139.05 to 157.99 at 150.77 holds, in case of another dip.

In the bigger picture, as long as 151.60 resistance turned support holds, rise from 114.42 (2020 low) is in progress. On resumption, next target is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. Nevertheless, sustained break of 151.60 will argue that larger correction is already underway. Deeper decline would be seen to 55 W EMA (now at 145.56).

Daily Pivots: (S1) 152.75; (P) 154.18; (R1) 156.95; More….

Intraday bias in EUR/JPY is mildly on the upside for retesting 157.99/158.03 resistance. As noted before, correction from 157.99 could have completed at 151.39, just ahead of 38.2% retracement of 139.05 to 157.99 at 150.77. Decisive break of 157.03 will resume larger up trend to 162.82 projection level next. On the downside, below 155.10 minor support will turn intraday bias neutral again. But outlook will remain bullish as long as 150.77 holds, in case of another dip.

In the bigger picture, as long as 151.60 resistance turned support holds, rise from 114.42 (2020 low) is in progress. On resumption, next target is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. Nevertheless, sustained break of 151.60 will argue that larger correction is already underway. Deeper decline would be seen to 55 W EMA (now at 145.56).

EUR/JPY dropped sharply to as low as 151.39 last week, but recovered strongly ahead of 38.2% retracement of 139.05 to 157.99 at 150.77. The development argues that price actions from 157.99 are merely a correction to the rise from 139.05 only. Initial bias stays neutral this week first. Break of 157.99 will resume larger up trend to 162.82 projection level next. For now, outlook will remain bullish as long as 150.77 holds, in case of another dip.

In the bigger picture, as long as 151.60 resistance turned support holds, rise from 114.42 (2020 low) is in progress. On resumption, next target is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. Nevertheless, sustained break of 151.60 will argue that larger correction is already underway. Deeper decline would be seen to 55 W EMA (now at 145.56).

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 109.03 at 164.68, and possibly further to 169.96 (2008 high).

Daily Pivots: (S1) 151.45; (P) 153.84; (R1) 155.50; More….

EUR/JPY’s decline accelerates to as low as 151.39 so far and intraday bias stays on the downside. The break of 153.32 could have completed a double top pattern (157.99, 158.03). Deeper fall is now expected as long as 154.91 minor resistance holds. Next target is 38.2% retracement of 139.05 to 157.99 at 150.77. Sustained break there will target 61.8% retracement at 146.30. On the upside, above 154.91 will turn intraday bias neutral first.

In the bigger picture, as long as 151.60 resistance turned support holds, rise from 114.42 (2020 low) is in progress. On resumption, next target is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. Nevertheless, sustained break of 151.60 will argue that larger correction is already underway. Deeper decline would be seen to 55 W EMA (now at 145.19).

Daily Pivots: (S1) 155.09; (P) 155.54; (R1) 155.93; More….

Intraday bias in EUR/JPY is mildly on the downside as fall from 158.03 is trying to extend lower. But downside should be contained by 153.32 support to complete the corrective pattern from 157.99. On the upside, decisive break of 157.99/158.03 will confirm resumption of larger up trend, and target 162.82 projection level next.

In the bigger picture, as long as 151.60 resistance turned support holds, rise from 114.42 (2020 low) is in progress. On resumption, next target is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. Nevertheless, sustained break of 151.60 will argue that larger correction is already underway.

Daily Pivots: (S1) 155.30; (P) 156.10; (R1) 156.57; More….

Intraday bias in EUR/JPY remains neutral at this point. On the upside, sustained break of 157.99 will confirm resumption of larger up trend, and target 162.82 projection level next. Nevertheless, break of 155.57 minor support will bring deeper decline to extend the corrective pattern from 157.99.

In the bigger picture, as long as 151.60 resistance turned support holds, rise from 114.42 (2020 low) is in progress. On resumption, next target is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. Nevertheless, sustained break of 151.60 will argue that larger correction is already underway.

Daily Pivots: (S1) 155.92; (P) 156.85; (R1) 157.46; More….

Intraday bias in EUR/JPY remains neutral and outlook is unchanged. On the upside, sustained break of 157.99 will confirm resumption of larger up trend, and target 162.82 projection level next. Nevertheless, break of 155.57 minor support will bring deeper decline to extend the corrective pattern from 157.99.

In the bigger picture, as long as 151.60 resistance turned support holds, rise from 114.42 (2020 low) is in progress. On resumption, next target is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. Nevertheless, sustained break of 151.60 will argue that larger correction is already underway.

Daily Pivots: (S1) 156.21; (P) 157.12; (R1) 158.66; More….

Intraday bias in EUR/JPY stays neutral as it retreated after failing to break through 157.99 high decisive break. On the upside, sustained break of 157.99 will confirm resumption of larger up trend, and target 162.82 projection level next. Nevertheless, break of 155.57 minor support will bring deeper decline to extend the corrective pattern from 157.99.

In the bigger picture, as long as 151.60 resistance turned support holds, rise from 114.42 (2020 low) is in progress. On resumption, next target is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. Nevertheless, sustained break of 151.60 will argue that larger correction is already underway.

EUR/JPY’s rebound from 153.32 extended higher last week and it’s now pressing 157.99 high. Decisive break there will confirm resumption of larger up trend, and target 162.82 projection level next. Further rally will now in favor as long as 155.57 minor support holds, in case of retreat.

In the bigger picture, as long as 151.60 resistance turned support holds, rise from 114.42 (2020 low) is in progress. On resumption, next target is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. Nevertheless, sustained break of 151.60 will argue that larger correction is already underway.

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 109.03 at 164.68, and possibly further to 169.96 (2008 high).

Daily Pivots: (S1) 155.64; (P) 156.13; (R1) 156.39; More….

Intraday bias in EUR/JPY is turned neutral with current retreat. On the upside, above 157.19 temporary top will resume the rebound from 153.32 to retest 157.99 high. Firm break there will resume larger up trend. On the downside, below 154.86 minor support should resume the corrective fall from 157.99 through 153.32 support, to 55 D EMA (now at 153.10) and below.

In the bigger picture, as long as 151.60 resistance turned support holds, rise from 114.42 (2020 low) is in progress. On resumption, next target is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. Nevertheless, sustained break of 151.60 will argue that larger correction is already underway.

Daily Pivots: (S1) 155.72; (P) 156.46; (R1) 157.23; More….

Intraday bias in EUR/JPY remains on the upside at this point. Rebound from 153.32 is in progress to retest 157.99 high. Firm break there will resume larger up trend. On the downside, below 154.86 minor support should resume the corrective fall from 157.99 through 153.32 support, to 55 D EMA (now at 153.00) and below.

In the bigger picture, as long as 151.60 resistance turned support holds, rise from 114.42 (2020 low) is in progress. On resumption, next target is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. Nevertheless, sustained break of 151.60 will argue that larger correction is already underway.

Daily Pivots: (S1) 155.14; (P) 155.64; (R1) 156.41; More….

Intraday bias in EUR/JPY stays mildly on the upside, as rebound from 153.32 is in progress for retesting 157.99 high. Firm break there will resume larger up trend. On the downside, break of 153.32 will extend the pull back from 157.99 to 55 D EMA (now at 152.87) and possibly below.

In the bigger picture, as long as 151.60 resistance turned support holds, rise from 114.42 (2020 low) is in progress. On resumption, next target is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. Nevertheless, sustained break of 151.60 will argue that larger correction is already underway.

Daily Pivots: (S1) 155.22; (P) 155.78; (R1) 156.46; More….

Further rise could still seen in EUR/JPY to retest 157.99 high. Firm break there will resume larger up trend. On the downside, break of 153.32 will extend the pull back from 157.99 to 55 D EMA (now at 152.73) and possibly below.

In the bigger picture, as long as 151.60 resistance turned support holds, rise from 114.42 (2020 low) is in progress. On resumption, next target is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. Nevertheless, sustained break of 151.60 will argue that larger correction is already underway.

Daily Pivots: (S1) 180.53; (P) 181.41; (R1) 182.62; More…

Intraday bias in GBP/JPY stays mildly on the upside for retesting 183.99 high first. Firm break there will resume larger up trend to 187.36 projection level. On the downside, however, break of 179.45 will extend the pull back to 55 D EMA (now at 177.01).

In the bigger picture, as long as 172.11 resistance turned support holds, up trend from 123.94 (2020 low) is expected to continue. On resumption, next target is 138.2% projection of 148.93 to 172.11 from 155.33 at 187.36, and then 195.86 (2015 high). Nevertheless, firm break of 172.11 will argue that larger correction is already underway.

Daily Pivots: (S1) 154.61; (P) 155.38; (R1) 156.58; More….

Intraday bias in EUR/JPY remains mildly on the upside for retesting 157.99 high. Firm break there will resume larger up trend. On the downside, break of 153.32 will extend the pull back from 157.99 to 55 D EMA (now at 152.62) and possibly below.

In the bigger picture, as long as 151.60 resistance turned support holds, rise from 114.42 (2020 low) is in progress. On resumption, next target is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. Nevertheless, sustained break of 151.60 will argue that larger correction is already underway.

EUR/JPY’s strong rebound from 153.32 last week argues that pull back from 157.99 has completed already. Initial bias is now mildly on the upside this week for retesting 157.99 first. Firm break there will resume larger up trend. On the downside, break of 153.32 will extend the pull back from 157.99 to 55 D EMA (now at 152.38) and possibly below.

In the bigger picture, as long as 151.60 resistance turned support holds, rise from 114.42 (2020 low) is in progress. On resumption, next target is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. Nevertheless, sustained break of 151.60 will argue that larger correction is already underway.

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 109.03 at 164.68, and possibly further to 169.96 (2008 high).

Daily Pivots: (S1) 154.21; (P) 154.67; (R1) 155.45; More….

Intraday bias in EUR/JPY remains neutral for the moment. Further decline is in favor as long as 155.66 minor resistance holds. Below 153.32 will target 55 D EMA (now at 152.36) and below. Nevertheless, above 155.66 will turn bias back to the upside for retesting 157.99 high instead.

In the bigger picture, as long as 151.60 resistance turned support holds, rise from 114.42 (2020 low) is in progress. On resumption, next target is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. Nevertheless, sustained break of 151.60 will argue that larger correction is already underway.

Daily Pivots: (S1) 153.62; (P) 154.08; (R1) 154.67; More….

EUR/JPY recovered after falling to 153.32 and intraday bias is turned neutral first. Further decline is in favor as long as 155.66 minor resistance holds. Below 153.32 will target 55 D EMA (now at 152.36) and below. nevertheless, above 155.66 will turn bias back to the upside for retesting 157.99 high instead.

In the bigger picture, as long as 151.60 resistance turned support holds, rise from 114.42 (2020 low) is in progress. On resumption, next target is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. Nevertheless, sustained break of 151.60 will argue that larger correction is already underway.

Daily Pivots: (S1) 153.90; (P) 154.79; (R1) 155.39; More….

EUR/JPY’s fall from 157.99 is in progress and intraday bias remains on the downside. Sustained trading below 154.03 support will argue that it’s at least correcting the whole rise from 139.05. Deeper fall would be seen to 55 D EMA (now at 152.28). On the upside, above 155.66 minor resistance will turn intraday bias neutral and bring consolidations first.

In the bigger picture, as long as 151.60 resistance turned support holds, rise from 114.42 (2020 low) is in progress. On resumption, next target is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. Nevertheless, sustained break of 151.60 will argue that larger correction is already underway.