Daily Pivots: (S1) 159.36; (P) 160.04; (R1) 160.88; More…

Intraday bias in EUR/JPY stays neutral at this point. Overall outlook is unchanged that consolidation pattern from 154.40 could still extend. On the downside, below 157.96 will target 156.16 support. However, break of 161.48 will turn bias back to the upside for 164.07 resistance.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

Daily Pivots: (S1) 158.66; (P) 159.40; (R1) 160.83; More…

EUR/JPY recovered after dipping to 157.96 and intraday bias is turned neutral first. Overall outlook is unchanged that consolidation pattern from 154.40 could still extend. On the downside, below 157.96 will target 156.16 support. However, break of 161.48 will turn bias back to the upside for 164.07 resistance.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

Daily Pivots: (S1) 159.94; (P) 160.72; (R1) 161.54; More…

EUR/JPY’s strong break of 159.74 support confirms resumption of whole fall from 164.89. Intraday bias is back on the downside for 156.16 support next. Overall, consolidation pattern from 154.40 could still extend. Above 161.48 minor resistance will turn bias back to the upside for 164.07 resistance.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

Daily Pivots: (S1) 159.75; (P) 160.78; (R1) 161.36; More…

EUR/JPY’s fall from 164.07 is in progress and intraday bias stays neutral. Firm break of 159.74 will target 156.16 support next. On the upside, above 161.82 minor resistance will turn intraday bias neutral again. Overall, price actions from 154.40 are seen as a corrective pattern, which might still extend further.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

Daily Pivots: (S1) 161.23; (P) 161.86; (R1) 162.41; More…

Intraday bias in EUR/JPY is back on the downside with break of 160.94 minor support. Deeper decline would be seen to 159.74 support and below. But overall, price actions from 154.40 are seen as a corrective pattern, which might still extend further.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

Daily Pivots: (S1) 161.64; (P) 162.17; (R1) 162.77; More…

Outlook in EUR/JPY is unchanged and intraday bias stays neutral. Corrective pattern from 154.40 could extend. On the upside, break of 164.07 will target 164.89 and above. On the downside, break of 160.94 minor support will bring deeper fall through 159.74 support.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

Daily Pivots: (S1) 161.27; (P) 162.38; (R1) 163.21; More…

Intraday bias in EUR/JPY stays neutral for the moment. Overall outlook is unchanged that corrective pattern from 154.40 could extend. On the upside, break of 164.07 will target 164.89 and above. On the downside, break of 160.94 minor support will bring deeper fall through 159.74 support.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

EUR/JPY’s stronger than expected rebound last week suggests that corrective pull back from 164.89 has completed at 159.74 already. Initial bias remains on the upside this week for 164.89 resistance. Firm break there will resume the rise from 156.16, as another leg of the corrective pattern from 154.40. Next target is 100% projection of 156.16 to 164.89 from 159.74 at 168.47.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

In the long term picture, while 175.41 is at least a medium term top, it’s still early to conclude that up trend from 94.11 (2012 low) has completed. A medium term corrective phase is in progress with risk of deeper fall back to 55 M EMA (now at 148.27).

Daily Pivots: (S1) 162.13; (P) 162.63; (R1) 163.06; More…

Intraday bias in EUR/JPY remains on the upside for 164.89 resistance. Firm break there will resume the rise from 156.16, as another leg of the corrective pattern from 154.40, to 166.67 resistance next. On the downside, below 161.90 minor support will turn intraday bias neutral again first.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

Daily Pivots: (S1) 161.98; (P) 162.60; (R1) 163.57; More…

EUR/JPY breach of 162.88 minor resistance argues that corrective pull back from 164.89 has completed at 159.74. Intraday bias is back on the upside for 164.89 resistance. Firm break there will resume the rise from 156.16, as another leg of the corrective pattern from 154.40. On the downside, below 160.94 minor support will turn intraday bias back to the downside.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

Daily Pivots: (S1) 161.30; (P) 161.77; (R1) 162.57; More…

Intraday bias in EUR/JPY remains neutral as recovery from 159.74 is still capped below 162.88 resistance. Further fall is in favor and break of 159.74 will resume the decline from 164.89 to 156.16 support. On the upside, however, break of 162.88 will bring retest of 164.89 instead.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

Daily Pivots: (S1) 160.85; (P) 161.59; (R1) 162.85; More…

Intraday bias in EUR/JPY remains neutral at this point. Recovery from 159.74 might extend, but further decline will remain in favor as long as 162.88 resistance holds. On the downside, below 159.74 will target 156.16 support. On the upside, however, break of 162.88 will bring retest of 164.89 instead.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

Daily Pivots: (S1) 159.82; (P) 160.42; (R1) 161.12; More…

Intraday bias in EUR/JPY remains neutral for the moment. Recovery from 159.74 might extend, but further decline will remain in favor as long as 162.88 resistance holds. On the downside, below 159.74 will target 156.16 support. On the upside, however, break of 162.88 will bring retest of 164.89 instead.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

EUR/JPY’s extended decline last week suggests that rebound from 156.16 has already completed at 164.89. But downside momentum remained unconvincing. Also, with a temporary low formed at 159.74, initial bias is neutral this week first. On the downside, below 159.74 will target 156.16 support. On the upside, break of 162.89 will bring retest of 164.89 instead.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

In the long term picture, while 175.41 is at least a medium term top, it’s still early to conclude that up trend from 94.11 (2012 low) has completed. A medium term corrective phase is in progress with risk of deeper fall back to 55 M EMA (now at 148.21).

Daily Pivots: (S1) 159.32; (P) 160.23; (R1) 160.72; More…

Intraday bias in EUR/JPY stays mildly on the downside at this point. Fall from 164.89 is in progress for 156.16 support. Firm break there will argue that corrective pattern from 154.40 has completed, and fall from 175.41 is ready to resume. For now, risk will stay on the downside as long as 162.88 resistance holds, in case of recovery.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

Daily Pivots: (S1) 160.22; (P) 161.59; (R1) 162.38; More…

EUR/JPY’s fall from 164.89 is resuming through 160.02 temporary low. Intraday bias is back on the downside for 156.16 support next. Firm break there will argue that corrective pattern from 154.40 has completed, and fall from 175.41 is ready to resume. For now, risk will stay on the downside as long as 162.88 resistance holds, in case of recovery.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

Daily Pivots: (S1) 161.64; (P) 162.25; (R1) 163.45; More…

Intraday bias in EUR/JPY remains neutral and outlook is unchanged. Rebound from 156.16 might have completed at 164.89 already. Risk will stay on the downside as long as 164.53 resistance holds. Below 160.02 will bring deeper fall to 156.16 support next. Firm break there will argue that corrective pattern from 154.40 has completed, and fall from 175.41 is ready to resume.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

Daily Pivots: (S1) 160.28; (P) 161.04; (R1) 162.04; More…

Intraday bias in EUR/JPY is turned neutral first with current recovery. Rebound from 156.16 might have completed at 164.89 already. Risk will stay on the downside as long as 164.53 resistance holds. Below 160.02 will bring deeper fall to 156.16 support next. Firm break there will argue that corrective pattern from 154.40 has completed, and fall from 175.41 is ready to resume.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

Daily Pivots: (S1) 160.82; (P) 162.00; (R1) 162.80; More…

EUR/JPY’s break of 160.89 support argues that rebound from 156.16 has completed at 164.89 already. Intraday bias is back on the downside for 156.16 support first. Firm break there will argue that corrective pattern from 154.40 has completed, and fall from 175.41 is ready to resume. For now, risk will stay on the downside as long as 164.53 resistance holds, in case of recovery.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

EUR/JPY stayed in range below 164.89 last week despite late decline. Initial bias remains neutral this week first. On the upside, above 164.89 will resume the rise from 156.16, as a leg in the corrective pattern from 154.40. Next target is 166.67. However, firm break of 160.89 will turn bias back to the downside for 156.16 support instead.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). The range of consolidation should have been set between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high. However, decisive break of 152.11 would argue that deeper correction is underway.

In the long term picture, while 175.41 is at least a medium term top, it’s still early to conclude that up trend from 94.11 (2012 low) has completed. A medium term corrective phase is in progress with risk of deeper fall back to 55 M EMA (now at 148.21).