Daily Pivots: (S1) 123.53; (P) 123.92; (R1) 124.17; More….

Intraday bias in EUR/JPY remains neutral for the moment. On the upside, firm break of 125.08 should confirm completion of the corrective decline from 127.07 at 121.63. Further rise should be seen to retest 127.07 high. However, break of 123.18 will turn bias to the downside for 121.63, to extend the correction.

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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY rebounded strongly last week but failed to sustain above 125.08 resistance and retreated. Initial bias is neutral this week first. On the upside, firm break of 125.08 should confirm completion of the corrective decline from 127.07 at 121.63. Further rise should be seen to retest 127.07 high. However, break of 123.18 will turn bias to the downside for 121.63, to extend the correction.

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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

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

Daily Pivots: (S1) 123.69; (P) 124.10; (R1) 124.50; More….

Intraday bias in EUR/JPY remains neutral as consolidation from 125.13 is still in progress. Further rise is expected as long as 123.18 minor support intact. Correction from 127.07 could have completed with three waves down to 121.63. Break of 125.13 should bring retest of 127.07 high. On the downside, though, break of 123.18 minor support would extend the correction with another fall through 121.63.

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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

Daily Pivots: (S1) 123.85; (P) 124.26; (R1) 124.61; More….

EUR/JPY formed at temporary top at 125.13, after failing to sustain above 125.00 resistance, and retreated. Intraday bias is turned neutral first. Further rise is expected as long as 123.18 minor support holds. Correction from 127.07 could have completed with three waves down to 121.63. Break of 125.13 should bring retest of 127.07 high. On the downside, though, break of 123.18 minor support would extend the correction with another fall through 121.63.

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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

Daily Pivots: (S1) 124.03; (P) 124.32; (R1) 124.65; More….

Intraday bias in EUR/JPY remains mildly on the upside at this point. Correction from 127.07 could have completed with three waves down to 121.63. Further rally would be seen for retesting 127.07 high. On the downside, though, break of 123.18 minor support would extend the correction with another fall through 121.63.

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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

Daily Pivots: (S1) 123.07; (P) 124.10; (R1) 125.51; More….

EUR/JPY’s breach of 125.00 resistance argues that correction from 127.07 has completed with three waves down to 121.63. Intraday bias is back on the upside for retesting 127.07 high. On the downside, though, break of 123.18 minor support would extend the correction with another fall through 121.63.

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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

Daily Pivots: (S1) 122.32; (P) 122.65; (R1) 123.09; More….

Intraday bias in EUR/JPY remain neutral for consolidations above 121.63 temporary low. As long as 125.08 resistance holds, the corrective decline from 127.07 is still expected to extend lower. On the downside, break of 121.63 will target 61.8% retracement of 114.42 to 127.07 at 119.25, which is close to 119.31 key support. We’d look for strong support there to contain downside to bring rebound.

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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

Daily Pivots: (S1) 122.06; (P) 122.62; (R1) 123.03; More….

Intraday bias in EUR/JPY remains neutral at this point as it’s staying in consolidation from 121.63 temporary low. Deeper decline would remain in favor as long as 125.08 resistance holds, even in case of strong recovery. Break of 121.63 will resume the fall from 127.07, to 61.8% retracement of 114.42 to 127.07 at 119.25, which is close to 119.31 key support.

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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

Daily Pivots: (S1) 121.97; (P) 122.52; (R1) 123.09; More….

EUR/JPY is staying in consolidation from 121.63 temporary low and intraday bias remains neutral first. Deeper decline would remain in favor as long as 125.08 resistance holds, even in case of strong recovery. Break of 121.63 will resume the fall from 127.07, to 61.8% retracement of 114.42 to 127.07 at 119.25, which is close to 119.31 key support.

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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

Daily Pivots: (S1) 121.97; (P) 122.36; (R1) 122.91; More….

Intraday bias in EUR/JPY stays neutral for consolidation above 121.63 temporary low. Deeper decline would remain in favor as long as 125.08 resistance holds, even in case of strong recovery. Break of 121.63 will resume the fall from 127.07, to 61.8% retracement of 114.42 to 127.07 at 119.25, which is close to 119.31 key support.

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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

Daily Pivots: (S1) 121.72; (P) 121.93; (R1) 122.16; More….

EUR/JPY lost much downside momentum as seen in 4 hour MACD and intraday bias is turned neutral. Deeper decline would remain in favor as long as 125.08 resistance holds, even in case of strong recovery. Break of 121.63 will resume the fall from 127.07, to 61.8% retracement of 114.42 to 127.07 at 119.25, which is close to 119.31 key support.

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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

Daily Pivots: (S1) 121.53; (P) 122.00; (R1) 122.37; More….

Intraday bias in EUR/JPY remains on the downside at this point. Fall from 127.07 should target 61.8% retracement of 114.42 to 127.07 at 119.25, which is close to 119.31 key support. We’d look for strong support there to contain downside to bring rebound. On the upside, break of 122.89 minor resistance will turn intraday bias neutral first. But outlook will be neutral at best as long as 125.08 resistance holds.

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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY’s decline from 127.07 resumed last week by taking out 122.37 support. Initial bias remains on the downside this week for 61.8% retracement of 114.42 to 127.07 at 119.25, which is close to 119.31 key support. We’d look for strong support there to contain downside to bring rebound. On the upside, break of 122.89 minor resistance will turn intraday bias neutral first. But outlook will be neutral at best as long as 125.08 resistance holds.

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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

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

Daily Pivots: (S1) 121.71; (P) 122.30; (R1) 122.69; More….

Intraday bias in EUR/JPY remains on the downside at this point. Current fall from 127.07 should now target 61.8% retracement of 114.42 to 127.07 at 119.25, which is close to 119.31 key support. We’d look for strong support there to contain downside to bring rebound. Though, break of 122.89 minor resistance is needed to indicate short term bottoming first. Otherwise, outlook will remain bearish in case of recovery.

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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

Daily Pivots: (S1) 122.10; (P) 122.64; (R1) 123.10; More….

Intraday bias in EUR/JPY remains on the downside at this point. Corrective decline from 127.07 is in progress. Sustained break of 38.2% retracement of 114.42 to 127.07 at 122.23 will target 61.8% retracement at 119.25, which is close to 119.31 key support. On the upside, above 123.18 minor resistance will turn intraday bias neutral 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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

Daily Pivots: (S1) 122.95; (P) 123.48; (R1) 123.74; More….

EUR/JPY’s break of 123.01 support suggests that corrective decline from 127.07 is resuming. Intraday bias is back on the downside for 38.2% retracement of 114.42 to 127.07 at 122.23. Firm break there will confirm this case and target 61.8% retracement at 119.25, which is close to 119.31 key support. On the upside, break of 125.08 resistance is needed to confirm completion of the correction. Otherwise, risk will stay on the downside in case of recovery.

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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

Daily Pivots: (S1) 123.65; (P) 123.93; (R1) 124.07; More….

EUR/JPY is staying in range of 123.01/125.08 and intraday bias remains neutral. On the upside, break of 125.08 will resume the rebound form 122.37 to retest 127.07. Nevertheless, break of 123.01 will argue that correction from 127.07 is possibly extending with another falling leg. Intraday bias will be turned back to the downside for 38.2% retracement of 114.42 to 127.07 at 122.23.

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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

Daily Pivots: (S1) 123.66; (P) 123.95; (R1) 124.47; More….

Intraday bias in EUR/JPY remains neutral as range trading continues. On the upside, break of 125.08 will resume the rebound form 122.37 to retest 127.07. Nevertheless, break of 123.01 will argue that correction from 127.07 is possibly extending with another falling leg. Intraday bias will be turned back to the downside for 38.2% retracement of 114.42 to 127.07 at 122.23.

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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

EUR/JPY rebounded strongly last week but upside was held firmly below 125.08 resistance. Initial bias is neutral first. On the upside, break of 125.08 will resume the rebound form 122.37 to retest 127.07. Nevertheless, break of 123.01 will argue that correction from 127.07 is possibly extending with another falling leg. Intraday bias will be turned back to the downside for 38.2% retracement of 114.42 to 127.07 at 122.23.

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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.

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

Daily Pivots: (S1) 123.71; (P) 123.90; (R1) 124.15; More….

EUR/JPY is staying in range of 123.01/125.08 and intraday bias remains neutral first. On the upside, break of 125.08 will target a retest on 127.07 high. On the downside, below 123.01 will target 38.2% retracement of 114.42 to 127.07 at 122.23. Firm break there will confirm resumption of whole corrective fall from 127.07.

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 119.31 support holds. Break of 127.07 will target 61.8% retracement of 137.49 (2018 high) to 114.42 at 128.67 next. However, firm break of 119.31 will argue that the rise from 114.42 has completed and turn focus back to this low.