Daily Pivots: (S1) 127.69; (P) 128.38; (R1) 128.82; More….

Intraday bias in EUR/JPY remains neutral at this point. On the upside, break of 129.09 will extend the rebound to 55 day EMA (now at 129.71) and above. On the downside, below 127.36 will target 126.58 medium term fibonacci level. We’d look for some support from there to bring rebound. But sustained break of 126.58 will carry larger bearish implications.

In the bigger picture, as long as 38.2% retracement of 114.42 (2020 low) to 134.11 at 126.58 holds, up trend from 114.42 is still in favor to continue. Break of 134.11 will target long term resistance at 137.49 (2018 high). However, sustained break of 126.58 will raise the chance of medium term bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.

Daily Pivots: (S1) 128.92; (P) 129.36; (R1) 129.80; More….

EUR/JPY’s break of 129.97 minor resistance confirms that pull back from 130.86 has completed at 127.85 already. Intraday bias turned back to the upside for 130.86. Break will resume the rise from 124.89 and target key fibonacci resistance at 132.56. On the downside, below 129.43 minor support will dampen this bullish case and turn intraday bias neutral first.

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) 120.35; (P) 120.67; (R1) 121.27; More….

Intraday bias in EUR/JPY stays neutral first and further decline is still expected as long as 121.26 resistance holds. As noted before, corrective rise from 115.86 should be completed at 122.87, on bearish divergence condition in daily MACD. On the downside, break of 119.77 will pave the way to retest 115.86 low. however, firm break of 121.26 will dampen this bearish view and turn focus back to 122.87 high instead.

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Thus, outlook remains bearish. Rise from 115.86 is seen as a corrective rise, which might have completed. Firm break of 115.86 will resume the down trend to 114.84 support next.

Daily Pivots: (S1) 134.26; (P) 135.89; (R1) 137.78; More….

Outlook in EUR/JPY is unchanged and intraday bias remains on the upside. Sustained break above 137.49 long term resistance will target next projection level at 144.06. On the downside, though, break of 132.31 minor support will turn bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, up trend from 114.42 (2020 low) is in progress. Sustained break of 137.49 (2018 high) will resume larger pattern from 109.30 (2016 low). Next target will be 100% projection of 114.42 to 134.11 from 124.37 at 144.06. In any case, outlook will now remain bullish as long as 124.37 support holds, in case of deep pull back.

Daily Pivots: (S1) 114.68; (P) 114.91; (R1) 115.36; More…..

EUR/JPY formed a temporary low at 114.42, ahead of 100% projection of 122.87 to 116.12 from 121.14 at114.39. Intraday bias is turned neutral for consolidations. But recovery should be limited below 117.77 resistance to bring another fall. on the downside, break of 114.39 will resume larger down trend to 161.8% projection at 100.21.

In the bigger picture, there is no clear indication of trend reversal yet, with the cross staying well inside falling channel. Fall from 137.49 (2018 high) is still in progress for 109.48 (2016 low). Also, in any case, outlook will remain bearish as long as 122.87 resistance holds, in case of another rebound.

Daily Pivots: (S1) 128.18; (P) 128.73; (R1) 129.04; More….

Intraday bias in EUR/JPY remains neutral at this point and more sideway trading could be seen. While another rise cannot be ruled out, near term outlook will remain bearish as long as 130.14 resistance holds. On the downside, break of 127.83 minor support should resume the fall fro 130.14 and target 126.63 low. Break will extend the decline from 133.12 to 124.08/89 support zone. On the upside, however, break of 130.14 will resume the rebound from 126.63 towards 133.12 resistance.

In the bigger picture, as long as 124.08 key resistance turn supported holds, larger up trend from 109.03 (2016 low) is still in progress. Firm break of 137.49 structural resistance will target 141.04/149.76 resistance zone next. However, decisive break of 124.08 will argue that such rise from 109.03 has completed and turn outlook bearish. In that case, deeper fall would be seen to 61.8% retracement of 109.03 to 137.49 at 119.90.

Daily Pivots: (S1) 124.04; (P) 124.68; (R1) 125.58; More….

Intraday bias in EUR/JPY remains on the upside at this point. Rebounds should 118.62 should have just resumed for 55 day EMA (now at 126.38). On the downside, break of 123.78 support is now needed to indicate completion of rebound form 118.62. Otherwise, near term outlook will remain cautiously bullish in case of retreat.

In the bigger picture, medium term rebound from 109.03 (2016 low) has completed at 137.49 already, with corrective structure. Fall from 137.39 is possibly just the second leg of the corrective pattern from 109.03. Break of 133.12 resistance should start the third leg to 137.49 and above. Nevertheless, break of 118.62 will resume the decline from 137.49 for 109.03/114.84 support zone instead.

EUR/JPY rose to as high as 125.02 last week and broke 124.43 resistance as rose from 114.42 finally resumed. Initial bias stays on the upside this week for 61.8% projection of 114.42 to 124.43 from 119.31 at 125.49. Break will pave the way to 100% projection at 129.32. On the downside, break of 123.01 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

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 121.32) holds. However, sustained break of 55 day EMA will revive medium term bearishness for another low below 114.42 at a later stage.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Sustained break of 55 month EMA (now at 124.54) should confirm the start of another medium term rising leg.

Daily Pivots: (S1) 129.38; (P) 129.69; (R1) 129.97; More….

Intraday bias in EUR/JPY remains mildly on the downside at this point. Rebound from 127.36 could have completed at 131.59 already. Deeper fall would be seen back to 127.36 first. Break there will extend the corrective pattern from 134.11 to 126.58 fibonacci level. On the upside, though, break of 131.59 will resume the rebound to 133.44/134.11 resistance zone.

In the bigger picture, as long as 38.2% retracement of 114.42 (2020 low) to 134.11 at 126.58 holds, up trend from 114.42 is still in favor to continue. Break of 134.11 will target long term resistance at 137.49 (2018 high). However, sustained break of 126.58 will raise the chance of medium term bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.

Daily Pivots: (S1) 154.68; (P) 155.05; (R1) 155.44; More….

EUR/JPY continues to lose upside momentum as seen in 4H MACD. But there is not clear sign of topping yet. Further rise is expected to 100% projection of 139.05 to 151.60 from 146.12 at 158.67. On the downside, though, below 153.67 minor support will turn intraday bias neutral and bring consolidations first, before staging another rise rally.

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 138.81 at 162.82. For now, medium term outlook will remain bullish as long as 148.38 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 122.74; (P) 124.31; (R1) 125.12; More….

EUR/JPY dived to as low as 118.62 as down trend extended. Some consolidations could likely be seen after climax selling. But in any case, near term outlook will remain bearish 123.87 minor resistance holds. Another fall is still expected to revisit 119.90 fibonacci level first. Firm break there will target next projection level at 112.28. On the upside, touching of 123.87 will indicate short term bottoming and bring lengthier consolidation before staging another fall.

In the bigger picture, the strong break of 124.08 key support suggests that medium term rebound from 109.03 (2016 low) has completed at 137.49 already, with corrective structure. Fall from 137.39 is seen as a medium term fall, resuming the decline from 149.76 (2014 high). Such decline should break through 109.03 low next. This will remain the preferred case as long as 124.61 support turned resistance holds.

Daily Pivots: (S1) 124.73; (P) 124.99; (R1) 125.30; More….

No change in EUR/JPY’s outlook. With 123.78 minor support intact, further rise is expected. Rebound from 118.62 is in progress for 55 day EMA (now at 126.23). Though, break of 123.78 will indicate completion of the rebound and turn bias back to the downside.

In the bigger picture, medium term rebound from 109.03 (2016 low) has completed at 137.49 already, with corrective structure. Fall from 137.39 is possibly just the second leg of the corrective pattern from 109.03. Break of 133.12 resistance should start the third leg to 137.49 and above. Nevertheless, break of 118.62 will resume the decline from 137.49 for 109.03/114.84 support zone instead.

Daily Pivots: (S1) 149.56; (P) 149.94; (R1) 150.57; More….

Intraday bias in EUR/JPY is back on the upside with break of 150.04 temporary top. Rebound from 146.12 is in progress for retesting 151.60 high. Decisive break there will resume larger up trend. On the downside, however, break of 148.83 minor support should extend the corrective pattern from 151.60 with another falling leg towards 146.12.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 61.8% projection of 124.37 to 148.38 from 138.81 at 153.64. Sustained break there will pave the way to 100% projection at 162.82. For now, medium term outlook will remain bullish as long as 139.05 support holds, even in case of deep pull back.

Daily Pivots: (S1) 132.50; (P) 133.20; (R1) 134.06; More….

Intraday bias in EUR/JPY remains on the upside with focus on 134.11 high. Sustains break there will confirm resumption of larger up trend next target will be 136.53 medium term projection level. On the downside, though, break of 131.36 minor support will delay the bullish case and turn bias neutral first.

In the bigger picture, current development suggests that corrective pattern from 134.11 has completed at 124.37 already. Firm break of 134.11 will resume the up trend from 114.42 (2020 low). Next target is 61.8% projection of 114.42 to 134.11 from 124.37 at 136.53, and then 137.49 (2018 high). This will now remain the favored case as long as 124.37 support holds.

Daily Pivots: (S1) 121.37; (P) 121.58; (R1) 121.88; More….

EUR/JPY recovers further today but stays below 122.65 resistance. Intraday bias remains neutral first. Consolidation might extend but downside should be contained above 119.99 support to bring another rally. On the upside, break of 122.65 will target 123.35 resistance first. Break will target key channel resistance (now at 124.33).

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Rise from 115.86 is seen as a corrective rise for the moment. Strong resistance could be seen at falling channel resistance (now at 124.72) to limit upside. However, sustained break of the channel resistance will carry larger bullish implication and target 127.50 key resistance next.

EUR/JPY turned into sideway consolidation last week. Initial bias remains neutral this week first. Break of 127.36 will resume larger fall to 126.58 medium term fibonacci level. We’d look for some support from there to bring rebound. But sustained break of 126.58 will carry larger bearish implications. On the upside, break of 129.09 will extend the rebound to 55 day EMA (now at 129.66) and above.

In the bigger picture, as long as 38.2% retracement of 114.42 (2020 low) to 134.11 at 126.58 holds, up trend from 114.42 is still in favor to continue. Break of 134.11 will target long term resistance at 137.49 (2018 high). However, sustained break of 126.58 will raise the chance of medium term bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.

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) 139.40; (P) 140.96; (R1) 141.91; More….

Break of 140.15 minor support suggests that rebound from 137.37 has completed at 142.84. Rejection by 142.92 resistance indicates that larger decline from 148.38 is still in progress. Intraday bias is back on the downside for retesting 137.37 low. Break there will target 135.40 fibonacci level next.

In the bigger picture, as long as 55 week EMA (now at 138.64) holds, larger up trend from 114.42 (2020 low) is still in progress for 149.76 long term resistance. However, firm break of 55 week EMA will bring deeper fall to 38.2% retracement of 114.42 to 148.38 at 135.40. Sustained break there will raise the chance of trend reversal, and target 61.8% retracement at 127.39.

Daily Pivots: (S1) 147.67; (P) 148.09; (R1) 148.56; More….

No change in EUR/JPY’s outlook and intraday bias stays neutral. Further decline is in favor as long as 149.25 resistance holds. Sustained trading below 55 D EMA (now at 146.01) will bring deeper pull back to 61.8% retracement of 139.05 to 151.60 at 143.84. On the upside, though, firm break of 149.25 will turn bias back to the upside for retesting 151.60 high instead.

In the bigger picture, rise from 114.42 (2020 low) is in progress. Next target is 61.8% projection of 124.37 to 148.38 from 138.81 at 153.64. Sustained break there will pave the way to 100% projection at 162.82. For now, medium term outlook will remain bullish as long as 139.05 support holds, even in case of deep pull back.

Daily Pivots: (S1) 118.41; (P) 118.60; (R1) 118.92; More….

EUR/JPY’s rebound from 115.86 is still in progress. Intraday bias stays on the upside for 61.8% retracement of 123.35 to 115.86 at 120.48 next. On the downside, break of 117.73 minor support will turn bias back to the downside for retesting 115.86 instead.

In the bigger picture, down trend from 137.49 (2018 high) is still in progress. It’s seen as a falling leg of multi-year sideway pattern. Deeper fall could be seen to 109.48 (2016 low and below). On the upside, break of 120.78 support turned resistance is needed to be the first sign medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.

Daily Pivots: (S1) 130.88; (P) 131.40; (R1) 132.06; More….

Intraday bias in EUR/JPY remains on the upside for the moment. The corrective pattern from 134.11 could have completed at 124.37 already. Further rise should be seen to 133.13/134.11 resistance zone next. On the downside, break of 130.01 minor support will mix up the outlook and turn intraday bias neutral first.

In the bigger picture, medium term outlook remains neutral for now. Price actions from 134.11 are so far still seen as a corrective pattern. That is, rise from 114.42 (2020 low) is in favor to resume at a later stage. But before that, the corrective pattern from 134.11 could still extend further, sideway or downward. In the latter case, break of of 124.37 will target 61.8% retracement of 114.42 to 134.11 at 121.94.