Daily Pivots: (S1) 128.15; (P) 129.09; (R1) 130.27; More….

EUR/JPY recovered after hitting 127.90. But further decline is expected with 130.03 support turned resistance intact. Fall from 133.13 is seen as another leg of the correction pattern from 134.11. Deeper fall should be seen to 127.36 low and below. However, firm break of 130.03 will turn bias back to the upside for 133.13 resistance instead.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.

Daily Pivots: (S1) 129.74; (P) 130.23; (R1) 130.50; More….

Intraday bias in EUR/JPY is back on the downside as fall from 133.13 resumed after brief recovery. Such decline is seen as another falling leg of the corrective pattern from 134.11. Break of 128.23 support will target 127.36 low and below. For now, risk will stay on the downside as long as 130.03 support turned resistance holds, in case of recovery.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.

Daily Pivots: (S1) 129.54; (P) 130.16; (R1) 130.95; More….

Intraday bias in EUR/JPY is turned neutral first as it recovered after hitting 129.33. Further fall is expected as long as 131.89 minor resistance holds. Decline from 133.13 is seen as another falling leg of the corrective pattern from 134.11. Below 129.33 will target 128.23 support first, and then 127.36. However, break of 131.89 will turn bias back to the upside for 133.13 resistance.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.

Daily Pivots: (S1) 129.41; (P) 130.15; (R1) 130.55; More….

EUR/JPY’s fall from 133.13 resumed by breaking 130.03 temporary low and intraday bias is back on the downside. outlook is unchanged that corrective pattern from 134.11 is seen as extending with another falling leg. Deeper decline should be seen to 128.23 support first. Break there will target 127.36 support and possibly first to 126.58 medium term fibonacci level. For now, risk will stay on the downside as long as 131.89 minor resistance holds, in case of recovery.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.

Daily Pivots: (S1) 129.95; (P) 130.54; (R1) 130.86; More….

Intraday bias in EUR/JPY remains neutral first. Corrective pattern from 134.11 is seen as extending with another falling leg. Break of 130.03 will bring deeper fall to 128.23 support first. Break will target 127.36 support and below. On the upside, however, break of 133.13 will bring retest of 134.11 high.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.

EUR/JPY recovered after dipping to 130.03 last week and initial bias stays neutral this week first. Corrective pattern from 134.11 is seen as extending with another falling leg. Break of 130.03 will bring deeper fall to 128.23 support first. Break will target 127.36 support and below. On the upside, however, break of 133.13 will bring retest of 134.11 high.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 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) 130.15; (P) 130.83; (R1) 131.25; More….

Range trading continues in EUR/JPY and intraday bias remains neutral. Outlook is unchanged that corrective pattern from 134.11 is extending with another falling leg. Break of 130.03 will bring deeper fall to 128.23 support first. Break will target 127.36 support and below. On the upside break of 133.13 will bring retest of 134.11 high.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.

Daily Pivots: (S1) 130.98; (P) 131.44; (R1) 131.78; More….

Intraday bias in EUR/JPY is turned neutral first with current recovery. Outlook is unchanged that corrective pattern from 134.11 is extending with another falling leg. Break of 130.03 will bring deeper fall to 128.23 support first. Break will target 127.36 support and below. On the upside break of 133.13 will bring retest of 134.11 high.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.

Daily Pivots: (S1) 130.66; (P) 131.10; (R1) 131.76; More….

Intraday bias in EUR/JPY is turned neutral with current recovery. On the downside, break of 130.03 will resume the decline from 133.13, as another falling leg of the corrective pattern from 134.11. Deeper fall would then be seen to 128.23 support first. Break will target 127.36 support and below. On the upside break of 133.13 will bring retest of 134.11 high.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.

Daily Pivots: (S1) 130.00; (P) 130.70; (R1) 131.34; More….

Intraday bias in EUR/JPY remains on the downside and outlook is unchanged. Corrective pattern from 134.11 is extending with another falling leg. Deeper fall would be seen to 128.23 support first. break will target 127.36 support and below. On the upside break of 133.13 will bring retest of 134.11 high.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.

Daily Pivots: (S1) 130.05; (P) 131.34; (R1) 132.29; More….

Intraday bias in EUR/JPY remains on the downside at this point. Corrective pattern from 134.11 is extending with another falling leg. Deeper fall would be seen to 128.23 support first. break will target 127.36 support and below. On the upside break of 133.13 will bring retest of 134.11 high.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.

EUR/JPY reversed after hitting 133.13 and dropped sharply from there. The development suggests that corrective pattern from 134.11 is extending with another falling leg. Initial bias stays on the downside this week for 128.23 support. Break will target 127.36 and below. On the upside break of 133.13 will bring retest of 134.11 high.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 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) 131.92; (P) 132.53; (R1) 133.20; More….

EUR/JPY surged to 133.13 but quickly retreated. Intraday bias is turned neutral first. But outlook is unchanged that corrective pattern from 134.11 should have completed three waves down to 127.36. Firm break of 133.44/134.11 resistance zone will resume larger up trend from 114.42. On the downside, however, break of 131.24 minor support will delay dampen this bullish case and turn bias back to the downside for 128.23 support.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.

Daily Pivots: (S1) 131.70; (P) 131.93; (R1) 132.23; More….

Intraday bias in EUR/JPY remains neutral for the moment. As noted before, corrective pattern from 134.11 should have completed three waves down to 127.36. Firm break of 132.11 will bring retest of 133.44/134.11 resistance zone. Decisive break there will resume larger up trend from 114.42. In case of deeper pull back, downside should be contained well above 128.23 support to bring another rally.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.

Daily Pivots: (S1) 131.59; (P) 131.81; (R1) 132.15; More….

Intraday bias in EUR/JPY remains neutral first. Some consolidations could be seen below 132.11 temporary top. But downside should be contained well above 128.23 support to bring another rally. As noted before, corrective pattern from 134.11 should have completed three waves down to 127.36. Above 132.11 will bring retest of 133.44/134.11 resistance zone. Decisive break there will resume larger up trend from 114.42.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.

Daily Pivots: (S1) 131.22; (P) 131.71; (R1) 132.16; More….

Intraday bias in EUR/JPY is turned neutral with a temporary top formed at 132.11. Some consolidations could be seen first. But downside should be contained well above 128.23 support to bring another rally. As noted before, corrective pattern from 134.11 should have completed three waves down to 127.36. Above 132.11 will bring retest of 133.44/134.11 resistance zone. Decisive break there will resume larger up trend from 114.42.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.

Daily Pivots: (S1) 131.55; (P) 131.82; (R1) 132.19; More….

Intraday bias in EUR/JPY remains on the upside at this point. Corrective pattern from 134.11 should have completed three waves down to 127.36. Further rally should be seen to retest 133.44/134.11 resistance zone. Decisive break there will resume larger up trend from 114.42. On the downside, below 131.20 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.

EUR/JPY’s strong rally and break of 131.59 resistance last week confirmed resumption of rise from 127.36. Also, it revived the case that corrective pattern from 134.11 has completed with three waves down to 127.36. Initial bias remains on the upside this week for retesting 133.44/134.11 resistance zone. Decisive break there will resume larger up trend from 114.42. On the downside, below 131.20 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 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) 129.97; (P) 130.76; (R1) 132.32; More….

EUR/JPY’s break of 131.59 resistance confirms resumption of whole rebound from 127.36. More importantly, the development revives the case that consolidation pattern from 134.11 has finished with three waves at 127.36. Intraday bias is back on the upside for retesting 133.44/134.11 resistance zone. Firm break there will resume larger up trend from 114.42. On the downside, below 130.62 minor support will turn intraday bias neutral and bring consolidation first, before staging another rally.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.

Daily Pivots: (S1) 129.12; (P) 129.30; (R1) 129.54; More….

EUR/JPY’s strong break of 129.76 resistance suggests that fall from 131.59 is merely a correction to rise from 127.36, and has completed at 128.23 already. Intraday bias is back on the upside for 131.59 resistance first. Firm break there will revive the case that consolidation pattern from 134.11 has finished at 127.36. Further rally should then be seen back to 133.44/134.11 resistance zone. On the downside, below 129.52 minor support will mix up the outlook and turn intraday bias neutral first.

In the bigger picture, price actions from 134.11 are currently seen as a consolidation pattern only. 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 bearish reversal. In this case, deeper decline would be seen to 61.8% retracement at 121.94, and possibly below.