Daily Pivots: (S1) 116.21; (P) 116.72; (R1) 117.66; More…..

EUR/JPY’s break of 117.77 resistance today confirms short term bottoming at 114.42. More importantly, whole decline from 122.87 might be completed too. Intraday bias stays on the upside for 121.14 resistance next. On the downside, break of 115.32 support is needed to indicate completion of the rebound. Otherwise, another rise will remain in favor even in case of retreat.

In the bigger picture, the down trend from 137.49 (2018 high) is still in progress. EUR/JPY continues to stay well inside falling channel and below falling 55 week EMA. Deeper fall could be seen to retest 109.48 (2016 low) next. On the upside, break of 122.87 resistance is needed to confirm medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 116.21; (P) 116.72; (R1) 117.66; More…..

EUR/JPY’s rebound from 114.42 resumed today and hits as high as 117.65 so far. Focus is now on 117.77 resistance. Decisive break there will confirm short term bottoming. Further rise would be seen back to 121.14 resistance next. Rejection by 117.77 will retain near term bearishness. Break of 115.32 support will bring retest of 114.42 low first.

In the bigger picture, the down trend from 137.49 (2018 high) is still in progress. EUR/JPY continues to stay well inside falling channel and below falling 55 week EMA. Deeper fall could be seen to retest 109.48 (2016 low) next. On the upside, break of 122.87 resistance is needed to confirm medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 115.56; (P) 115.88; (R1) 116.28; More…..

Intraday bias in EUR/JPY remains neutral and consolidation from 114.42 might extend. But upside should be limited below 117.77 resistance to bring another decline. On the downside, break of 114.42 should target 161.8% projection of 122.87 to 116.12 from 121.14 at 110.21 next.

In the bigger picture, the down trend from 137.49 (2018 high) is still in progress. EUR/JPY continues to stay well inside falling channel and below falling 55 week EMA. Deeper fall could be seen to retest 109.48 (2016 low) next. On the upside, break of 122.87 resistance is needed to confirm medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

EUR/JPY stayed in consolidation above 111.42 last week and outlook is unchanged. Some more sideway trading might be seen. But upside should be limited below 117.77 resistance to bring another decline. On the downside, break of 114.42 should target 161.8% projection of 122.87 to 116.12 from 121.14 at 110.21 next.

In the bigger picture, the down trend from 137.49 (2018 high) is still in progress. EUR/JPY continues to stay well inside falling channel and below falling 55 week EMA. Deeper fall could be seen to retest 109.48 (2016 low) next. On the upside, break of 122.87 resistance is needed to confirm medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Fall from 137.49 is seen as a falling leg inside the pattern. This falling leg would target 109.48 (2016 low). With EUR/JPY staying below 55 month EMA (now at 124.52), this is the preferred case.

Daily Pivots: (S1) 115.47; (P) 115.70; (R1) 116.07; More…..

Intraday bias in EUR/JPY stays neutral first. Corrective recovery from 114.42 might extend. But upside should be limited well below 117.77 resistance to bring down trend resumption. On the downside, break of 114.42 should target 161.8% projection of 122.87 to 116.12 from 121.14 at 110.21 next.

In the bigger picture, the down trend from 137.49 (2018 high) is still in progress. EUR/JPY continues to stay well inside falling channel and below falling 55 week EMA. Deeper fall could be seen to retest 109.48 (2016 low) next. On the upside, break of 122.87 resistance is needed to confirm medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 115.52; (P) 115.97; (R1) 116.24; More…..

Intraday bias in EUR/JPY remains neutral for the moment. Corrective recovery from 114.42 might extend. But upside should be limited well below 117.77 resistance to bring down trend resumption. On the downside, break of 114.42 should target 161.8% projection of 122.87 to 116.12 from 121.14 at 110.21 next.

In the bigger picture, the down trend from 137.49 (2018 high) is still in progress. EUR/JPY continues to stay well inside falling channel and below falling 55 week EMA. Deeper fall could be seen to retest 109.48 (2016 low) next. On the upside, break of 122.87 resistance is needed to confirm medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 115.84; (P) 116.35; (R1) 116.73; More…..

Intraday bias in EUR/JPY remains neutral first. Corrective recovery from 114.42 might extend. But upside should be limited well below 117.77 resistance to bring down trend resumption. On the downside, break of 114.42 should target 161.8% projection of 122.87 to 116.12 from 121.14 at 110.21 next.

In the bigger picture, the down trend from 137.49 (2018 high) is still in progress. EUR/JPY continues to stay well inside falling channel and below falling 55 week EMA. Deeper fall could be seen to retest 109.48 (2016 low) next. On the upside, break of 122.87 resistance is needed to confirm medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 115.66; (P) 116.09; (R1) 116.84; More…..

Intraday bias in EUR/JPY remains neutral and outlook is unchanged. Upside of recovery should be limited well below 117.77 resistance to bring down trend resumption. On the downside, break of 114.42 should target 161.8% projection of 122.87 to 116.12 from 121.14 at 110.21 next.

In the bigger picture, the down trend from 137.49 (2018 high) is still in progress. EUR/JPY continues to stay well inside falling channel and below falling 55 week EMA. Deeper fall could be seen to retest 109.48 (2016 low) next. On the upside, break of 122.87 resistance is needed to confirm medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

Daily Pivots: (S1) 115.21; (P) 115.48; (R1) 115.91; More…..

EUR/JPY’s recovery from 114.42 continues today but outlook remains unchanged. Intraday bias remains neutral and upside should be limited well below 117.77 resistance to bring down trend resumption. On the downside, break of 114.42 should target 161.8% projection of 122.87 to 116.12 from 121.14 at 110.21 next.

In the bigger picture, the down trend from 137.49 (2018 high) is still in progress. EUR/JPY continues to stay well inside falling channel and below falling 55 week EMA. Deeper fall could be seen to retest 109.48 (2016 low) next. On the upside, break of 122.87 resistance is needed to confirm medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

EUR/JPY’s down trend resumed last week and hit as low as 114.42. As a temporary low was formed, initial bias stays neutral this week first. Some consolidations might be seen but upside should be limited well below 117.77 resistance to bring another decline. On the downside, break of 114.42 should target 161.8% projection of 122.87 to 116.12 from 121.14 at 110.21 next.

In the bigger picture, the down trend from 137.49 (2018 high) is still in progress. EUR/JPY continues to stay well inside falling channel and below falling 55 week EMA. Deeper fall could be seen to retest 109.48 (2016 low) next. On the upside, break of 122.87 resistance is needed to confirm medium term bottoming. Otherwise, outlook will stay bearish in case of rebound.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Fall from 137.49 is seen as a falling leg inside the pattern. This falling leg would target 109.48 (2016 low). With EUR/JPY staying below 55 month EMA (now at 124.57), this is the preferred case.

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) 114.11; (P) 114.86; (R1) 115.29; More…..

Intraday bias in EUR/JPY remains on the downside at this point. Break of 100% projection of 122.87 to 116.12 from 121.14 at114.39 will pave the way to 161.8% projection at 100.21. On the upside, above 115.44 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long as 117.77 resistance holds, in case of recovery.

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) 115.03; (P) 115.80; (R1) 116.19; More….

EUR/JPY’s break of 115.44 support suggests larger down trend resumption. Intraday bias is back on the downside. Next target is 100% projection of 122.87 to 116.12 from 121.14 at114.39. On the upside, break of 117.77 resistance is needed to indicate short term bottoming. Otherwise, further fall is expected even in case of recovery.

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) 115.94; (P) 116.66, (R1) 117.06; More….

Intraday bias in EUR/JPY remains neutral at this point. The rebound from 115.44 short term bottom is in favor to continue. On the upside, break of 117.77 will target 119.00 resistance next. Sustained break there will indicate that whole fall from 122.87 has completed and turn outlook bullish. On the downside, break of 115.44 will resume larger down trend instead.

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) 117.02; (P) 117.40, (R1) 117.77; More….

Intraday bias in EUR/JPY is turned neutral with today’s retreat. Rebound from 115.44 short term bottom is in favor to continue. On the upside, break of 117.77 will target 119.00 resistance next. Sustained break there will indicate that whole fall from 122.87 has completed and turn outlook bullish. On the downside, break of 115.44 will resume larger down trend instead.

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.

EUR/JPY edged lower to 115.44 last week but rebounded strongly since then. A short term bottom could be formed at 115.44 on bullish convergence condition in 4 hour MACD. Initial bias is mildly on the upside this week for 119.00 resistance. Sustained break there will indicate that whole fall from 122.87 has completed and turn outlook bullish. On the downside, break of 115.44 will resume larger down trend instead.

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.

In the long term picture, EUR/JPY is staying in long term sideway pattern, established since 2000. Fall from 137.49 is seen as a falling leg inside the pattern. This falling leg would target 109.48 (2016 low). With EUR/JPY staying below 55 month EMA (now at 124.57), this is the preferred case.

Daily Pivots: (S1) 116.04; (P) 116.91, (R1) 118.27; More….

EUR/JPY’s strong rebound and break of 117.21 resistance suggest short term bottoming at 115.44, on bullish convergence condition in 4 hour MACD. Intraday bias is now on the upside for stronger rebound towards 119.00 resistance. On the downside, break of 115.44 will resume larger down trend instead.

In the bigger picture, down trend from 137.49 (2018 high) is possibly resuming. Medium term bearishness is maintained with the cross staying well inside falling channel established since 137.49 (2018 high), as well as below falling 55 week EMA. Next downside target will be 109.48 (2016 low). In any case, outlook will remain bearish as long as 122.87 resistance holds, in case of rebound.

Daily Pivots: (S1) 115.57; (P) 115.82; (R1) 116.20; More….

EUR/JPY edged lower to 115.44 but quickly recovered. Downside momentum is also unconvincing as seen in 4 hour MACD. Intraday bias remains neutral first. Further fall is expected as long as 117.21 resistance holds. Break of 115.44 will target 100% projection of 121.14 to 116.33 from 119.00 at 114.19.

In the bigger picture, down trend from 137.49 (2018 high) is possibly resuming. Medium term bearishness is maintained with the cross staying well inside falling channel established since 137.49 (2018 high), as well as below falling 55 week EMA. Next downside target will be 109.48 (2016 low). In any case, outlook will remain bearish as long as 122.87 resistance holds, in case of rebound.

Daily Pivots: (S1) 115.40; (P) 115.84; (R1) 116.06; More….

Focus is back on 115.54 low in EUR/JPY in EUR/JPY. Break will resume larger down trend. Next target is 100% projection of 121.14 to 116.33 from 119.00 at 114.19 first. In case of another recovery, upside should be limited by 117.21 resistance to bring fall resumption.

In the bigger picture, down trend from 137.49 (2018 high) is possibly resuming. Medium term bearishness is maintained with the cross staying well inside falling channel established since 137.49 (2018 high), as well as below falling 55 week EMA. Next downside target will be 109.48 (2016 low). In any case, outlook will remain bearish as long as 122.87 resistance holds, in case of rebound.

Daily Pivots: (S1) 115.96; (P) 116.23; (R1) 116.42; More….

Intraday bias in EUR/JPY remains neutral and outlook is unchanged. Upside of recovery should be limited by 117.21 resistance to bring fall resumption. On the downside, break of 115.54 will resume larger down trend. Next target is 100% projection of 121.14 to 116.33 from 119.00 at 114.19.

In the bigger picture, down trend from 137.49 (2018 high) is possibly resuming. Medium term bearishness is maintained with the cross staying well inside falling channel established since 137.49 (2018 high), as well as below falling 55 week EMA. Next downside target will be 109.48 (2016 low). In any case, outlook will remain bearish as long as 122.87 resistance holds, in case of rebound.