EUR/JPY Daily Outlook

Daily Pivots: (S1) 132.89; (P) 133.17; (R1) 133.68; More….

EUR/JPY rebounded ahead of 132.51 support but stays below 134.11 resistance. Intraday bias remains neutral first and another rise remains in favor. On the upside, sustained break of 100% projection of 114.42 to 127.07 from 121.63 at 134.28, will extend the up trend from 114.42 to 137.49 long term resistance next. However, on the downside, firm break of 132.51 will argue that EUR/JPY is already correcting whole rise from 121.63. Intraday bias will be turned to the downside for 128.8/130.65 support zone.

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.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 132.50; (P) 132.96; (R1) 133.24; More….

Intraday bias in EUR/JPY remains neutral at this point as consolidation from 134.11 is still in progress. Another rise is in favor with 132.51 support intact. On the upside, sustained break of 100% projection of 114.42 to 127.07 from 121.63 at 134.28, will extend the up trend from 114.42 to 137.49 long term resistance next. However, on the downside, firm break of 132.51 will argue that EUR/JPY is already correcting whole rise from 121.63. Intraday bias will be turned to the downside for 128.8/130.65 support zone.

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.

EUR/JPY Weekly Outlook

EUR/JPY’s pull back from 134.11 extended lower last week but downside is so far contained above 132.51 support. Initial bias remains neutral this week first, and another rise is mildly in favor. s. On the upside, sustained break of 100% projection of 114.42 to 127.07 from 121.63 at 134.28, will extend the up trend from 114.42 to 137.49 long term resistance next. However, on the downside, firm break of 132.51 will argue that EUR/JPY is already correcting whole rise from 121.63. Intraday bias will be turned to the downside for 128.8/130.65 support zone.

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.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Another rising leg in progress for 137.49 resistance and above.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 132.85; (P) 133.31; (R1) 133.56; More….

EUR/JPY is still staying in consolidation from 134.11 and intraday bias remains neutral. Further rally is still expected with 132.51 support intact. On the upside, sustained break of 100% projection of 114.42 to 127.07 from 121.63 at 134.28, will extend the up trend from 114.42 to 137.49 long term resistance next. On the downside, however, firm break of 132.51 will indicate short term topping and bring deeper pull back.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 130.65 resistance turned support holds. 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.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 133.28; (P) 133.45; (R1) 133.70; More….

Intraday bias in EUR/JPY remains neutral and consolidation from 134.11 could extend. Further rally is still expected with 132.51 support intact. On the upside, sustained break of 100% projection of 114.42 to 127.07 from 121.63 at 134.28, will extend the up trend from 114.42 to 137.49 long term resistance next. On the downside, however, firm break of 132.51 will indicate short term topping and bring deeper pull back.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 130.65 resistance turned support holds. 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.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 133.14; (P) 133.28; (R1) 133.43; More….

EUR/JPY is staying in consolidation from 134.11 and intraday bias remains neutral first. Further rally is still expected with 132.51 support intact. On the upside, sustained break of 100% projection of 114.42 to 127.07 from 121.63 at 134.28, will extend the up trend from 114.42 to 137.49 long term resistance next. On the downside, however, firm break of 132.51 will indicate short term topping and bring deeper pull back.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 130.65 resistance turned support holds. 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.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 132.92; (P) 133.16; (R1) 133.42; More….

Intraday bias in EUR/JPY remains neutral for consolidation below 134.11. Further rally is still expected with 132.51 support intact. On the upside, sustained break of 100% projection of 114.42 to 127.07 from 121.63 at 134.28, will extend the up trend from 114.42 to 137.49 long term resistance next. On the downside, however, firm break of 132.51 will indicate short term topping and bring deeper pull back.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 130.65 resistance turned support holds. 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.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 132.99; (P) 133.41; (R1) 133.67; More….

EUR/JPY’s pull back extends lower today but stays well above 132.51 support. Intraday bias remains neutral for the moment, and further rally is still expected. On the upside, sustained break of 100% projection of 114.42 to 127.07 from 121.63 at 134.28, will extend the up trend from 114.42 to 137.49 long term resistance next. On the downside, however, firm break of 132.51 will indicate short term topping and bring deeper pull back.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 130.65 resistance turned support holds. 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.

EUR/JPY Weekly Outlook

EUR/JPY edged higher to 134.11 last week but retreated since then. Initial bias remains neutral this week for some consolidation first. Further rally is expected as long as 132.51 support holds. On the upside, sustained break of 100% projection of 114.42 to 127.07 from 121.63 at 134.28, will extend the up trend from 114.42 to 137.49 long term resistance next. On the downside, however, firm break of 132.51 will indicate short term topping and bring deeper pull back.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 130.65 resistance turned support holds. 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.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Another rising leg in progress for 137.49 resistance and above.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 133.63; (P) 133.78; (R1) 133.92; More….

Intraday bias in EUR/JPY remains neutral first, and further rise is expected with 132.51 support intact. On the upside, sustained break of 100% projection of 114.42 to 127.07 from 121.63 at 134.28 will extend the up trend from 114.42 to 137.49 long term resistance next. On the downside, break of 132.51 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 130.65 resistance turned support holds. 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).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 133.60; (P) 133.83; (R1) 134.02; More….

Intraday bias in EUR/JPY is turned neutral for moment, but further rise is still expected with 132.51 support intact. Sustained break of 100% projection of 114.42 to 127.07 from 121.63 at 134.28 will extend the up trend from 114.42 to 137.49 long term resistance next. On the downside, break of 132.51 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 130.65 resistance turned support holds. 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).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 133.58; (P) 133.85; (R1) 134.00; More….

EUR/JPY continues to lose upside momentum as seen in 4 hour MACD. But further rise is still expected to 100% projection of 114.42 to 127.07 from 121.63 at 134.28. Sustained break there will extend the up trend from 114.42 to 137.49 long term resistance next. On the downside, break of 132.51 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 130.65 resistance turned support holds. 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).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 133.73; (P) 133.88; (R1) 134.09; More….

Intraday bias in EUR/JPY remains on the upside at the moment. Current rise should target 100% projection of 114.42 to 127.07 from 121.63 at 134.28. Sustained break there will extend the up trend from 114.42 to 137.49 long term resistance next. On the downside, break of 132.51 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 130.65 resistance turned support holds. 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).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 133.70; (P) 133.85; (R1) 134.10; More….

Intraday bias in EUR/JPY remains on the upside for 100% projection of 114.42 to 127.07 from 121.63 at 134.28. Sustained break there will extend the up trend from 114.42 to 137.49 long term resistance next. On the downside, break of 132.51 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 130.65 resistance turned support holds. 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).

EUR/JPY Weekly Outlook

EUR/JPY’s up trend continued last week and there is no sign of topping yet. Initial bias remains on the upside this week for 100% projection of 114.42 to 127.07 from 121.63 at 134.28. Sustained break there will target 137.49 long term resistance next. On the downside, break of 132.51 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 130.65 resistance turned support holds. 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).

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Another rising leg in progress for 137.49 resistance and above.

EUR/JPY Daily Outlook

Daily Pivots: (S1) 132.90; (P) 133.16; (R1) 133.31; More….

Intraday bias in EUR/JPY remains on the upside at this point. Current up trend should target 100% projection of 114.42 to 127.07 from 121.63 at 134.28. Sustained break there will pave the way to 137.49 key resistance next. On the downside, however, break of 132.51 support will indicate short term topping. Intraday bias will be turned back to the downside for 130.65 resistance turned support first.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 127.07 resistance turned support holds. 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).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 132.90; (P) 133.16; (R1) 133.31; More….

Further rise is expected in EUR/JPY as long as 132.51 support holds. Current up trend should target 100% projection of 114.42 to 127.07 from 121.63 at 134.28. On the downside, however, break of 132.51 should indicate short term topping. Intraday bias will be turned back to the downside for 130.97 support first.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 127.07 resistance turned support holds. 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).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 132.82; (P) 133.22; (R1) 133.62; More….

Intraday bias in EUR/JPY remains on the upside at this point. Current up trend should target 100% projection of 114.42 to 127.07 from 121.63 at 134.28. On the downside, break of 132.51 support is needed to indicate short term topping. Otherwise, outlook remains bullish in case of retreat.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 127.07 resistance turned support holds. 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).

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 132.58; (P) 132.81; (R1) 133.11; More….

EUR/JPY’s rally resumes by breaking 133.42 resistance and intraday bias is back on the upside. Current up trend should now target 00% projection of 114.42 to 127.07 from 121.63 at 134.28. On the downside, break of 132.51 support is needed to indicate short term topping. Otherwise, outlook remains bullish in case of retreat.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 127.07 resistance turned support holds. 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).

EUR/JPY Daily Outlook

Daily Pivots: (S1) 132.58; (P) 132.81; (R1) 133.11; More….

EUR/JPY drew support from 4 hour 55 EMA and rebounded. But upside is limited below 133.42 so far. Intraday bias remains neutral first, but further rally is expected. On the upside, break of 133.42 will extend larger up trend to 100% projection of 114.42 to 127.07 from 121.63 at 134.28. In case of another retreat, downside should be contained well above 130.97 support to bring rally resumption.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. Further rise is expected as long as 127.07 resistance turned support holds. 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).