Daily Pivots: (S1) 121.85; (P) 122.17; (R1) 122.74; More….

EUR/JPY is still staying below 122.65 resistance and intraday bias remains neutral first. Consolidation might extend but downside should be contained above 119.99 support to bring another rally. On the upside, break of 122.65 will target 123.35 resistance first. Break will target key channel resistance (now at 124.33).

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Rise from 115.86 is seen as a corrective rise for the moment. Strong resistance could be seen at falling channel resistance (now at 124.72) to limit upside. However, sustained break of the channel resistance will carry larger bullish implication and target 127.50 key resistance next.

Daily Pivots: (S1) 121.37; (P) 121.58; (R1) 121.88; More….

EUR/JPY recovers further today but stays below 122.65 resistance. Intraday bias remains neutral first. Consolidation might extend but downside should be contained above 119.99 support to bring another rally. On the upside, break of 122.65 will target 123.35 resistance first. Break will target key channel resistance (now at 124.33).

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Rise from 115.86 is seen as a corrective rise for the moment. Strong resistance could be seen at falling channel resistance (now at 124.72) to limit upside. However, sustained break of the channel resistance will carry larger bullish implication and target 127.50 key resistance next.

Daily Pivots: (S1) 120.19; (P) 122.19; (R1) 123.33; More….

Intraday bias in EUR/JPY remains neutral as consolidation from 122.65 is extending. In case of further retreat, downside should be contained above 119.99 support to bring another rally. Prior support from 55 day EMA is a sign of near term bullishness. On the upside, break of 122.65 will target 123.35 resistance first. Break will target key channel resistance (now at 124.33).

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Rise from 115.86 is seen as a corrective rise for the moment. Strong resistance could be seen at falling channel resistance (now at 124.72) to limit upside. However, sustained break of the channel resistance will carry larger bullish implication and target 127.50 key resistance next.

Daily Pivots: (S1) 121.05; (P) 121.37; (R1) 121.56; More….

EUR/JPY’s consolidation from 122.65 could extend further. But downside of retreat should be contained above 119.99 support to bring another rally. Prior support from 55 day EMA is a sign of near term bullishness. On the upside, break of 122.65 will target 123.35 resistance first. Break will target key channel resistance (now at 124.49).

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Rise from 115.86 is seen as a corrective rise for the moment. Strong resistance could be seen at falling channel resistance (now at 124.72) to limit upside. However, sustained break of the channel resistance will carry larger bullish implication and target 127.50 key resistance next.

Daily Pivots: (S1) 121.32; (P) 121.69; (R1) 121.95; More….

Intraday bias in EUR/JPY remains neutral as consolidation from 122.65 is extending. Downside of retreat should be contained above 119.99 support to bring another rally. Prior support from 55 day EMA is a sign of near term bullishness. On the upside, break of 122.65 will target 123.35 resistance first. Break will target key channel resistance (now at 124.58).

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Rise from 115.86 is seen as a corrective rise for the moment. Strong resistance could be seen at falling channel resistance (now at 124.72) to limit upside. However, sustained break of the channel resistance will carry larger bullish implication and target 127.50 key resistance next.

Daily Pivots: (S1) 121.65; (P) 121.90; (R1) 122.06; More….

EUR/JPY is staying in consolidation from 122.65. Intraday bias remains neutral and another fall cannot be ruled out. but downside should be contained above 119.99 support to bring another rally. Prior support from 55 day EMA is a sign of near term bullishness. On the upside, break of 122.65 will target 123.35 resistance first. Break will target key channel resistance (now at 124.58).

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Rise from 115.86 is seen as a corrective rise for the moment. Strong resistance could be seen at falling channel resistance (now at 124.72) to limit upside. However, sustained break of the channel resistance will carry larger bullish implication and target 127.50 key resistance next.

Daily Pivots: (S1) 121.85; (P) 122.16; (R1) 122.38; More….

Intraday bias in EUR/JPY remains neutral as consolidation from 122.65 is extending. Downside should be contained above 119.99 support to bring another rally. Prior support from 55 day EMA is a sign of near term bullishness. On the upside, break of 122.65 will target 123.35 resistance first. Break will target key channel resistance (now at 124.72).

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Rise from 115.86 is seen as a corrective rise for the moment. Strong resistance could be seen at falling channel resistance (now at 124.72) to limit upside. However, sustained break of the channel resistance will carry larger bullish implication and target 127.50 key resistance next.

Daily Pivots: (S1) 121.74; (P) 121.98; (R1) 122.33; More….

EUR/JPY stays in consolidation from 122.65 and intraday bias remains neutral. Downside should be contained above 119.99 support to bring another rally. Prior support from 55 day EMA is a sign of near term bullishness. On the upside, break of 122.65 will target 123.35 resistance first. Break will target key channel resistance (now at 124.72).

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Rise from 115.86 is seen as a corrective rise for the moment. Strong resistance could be seen at falling channel resistance (now at 124.72) to limit upside. However, sustained break of the channel resistance will carry larger bullish implication and target 127.50 key resistance next.

Daily Pivots: (S1) 121.14; (P) 121.90; (R1) 122.33; More….

Intraday bias in EUR/JPY remains neutral for consolidation below 122.65 temporary top. Downside should be contained above 119.99 support to bring another rally. Prior support from 55 day EMA is a sign of near term bullishness. On the upside, break of 122.65 will target 123.35 resistance first. Break will target key channel resistance (now at 124.72).

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Rise from 115.86 is seen as a corrective rise for the moment. Strong resistance could be seen at falling channel resistance (now at 124.72) to limit upside. However, sustained break of the channel resistance will carry larger bullish implication and target 127.50 key resistance next.

EUR/JPY’s rise from 115.86 resumed last week and surged to as high as 122.65. A temporary top was formed there with subsequent retreat and initial bias is neutral this week first. Downside should be contained above 119.99 support to bring another rally. Prior support from 55 day EMA is a sign of near term bullishness. On the upside, break of 122.65 will target 123.35 resistance first. Break will target key channel resistance (now at 124.72).

In the bigger picture, EUR/JPY is still staying in the falling channel established since 137.49 (2018 high). Rise from 115.86 is seen as a corrective rise for the moment. Strong resistance could be seen at falling channel resistance (now at 124.72) to limit upside. However, sustained break of the channel resistance will carry larger bullish implication and target 127.50 key resistance next.

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 125.72), this is the preferred case.

Daily Pivots: (S1) 121.05; (P) 121.39; (R1) 122.02; More….

EUR/JPY’s rally extends to as high as 122.58 so far. Break of 121.46 resistance confirms resumption of whole rise from 115.86. Intraday bias stays on the upside for 123.35 resistance first. Break will target key channel resistance (now at 124.72). On the downside, break of 121.01 resistance turn support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

In the bigger picture, the rebound from 115.86 medium term bottom is seen as a corrective rise only. In case of another rise, strong resistance should be seen from falling channel resistance (now at 124.72) to limit upside. However, sustained break there will indicate larger bullish reversal and should target 127.50 key resistance next.

Daily Pivots: (S1) 120.48; (P) 120.71; (R1) 120.03; More….

EUR/JPY surges to as high as 121.48 so far and the development suggests that larger rise from 115.86 is resuming. Intraday bias is back on the upside. Sustained trading above 121.46 resistance will confirm and target 123.35 resistance next. On the downside, though, below 120.76 minor support will delay the bullish case and turn bias neutral first.

In the bigger picture, the rebound from 115.86 medium term bottom is seen as a corrective rise only. In case of another rise, strong resistance should be seen from falling channel resistance (now at 124.83) to limit upside. Break of 117.07 support will be an early sign of resumption of down trend from 137.49 through 115.86 low.

Daily Pivots: (S1) 120.48; (P) 120.71; (R1) 120.03; More….

Focus is now on 121.01 resistance in EUR/JPY. Break will extend the rise from 119.24 to retest 121.46 resistance first. Break there will resume whole rise from 115.86 low. On the downside, below 119.99 will target 119.24 support next.

In the bigger picture, the rebound from 115.86 medium term bottom is seen as a corrective rise only. In case of another rise, strong resistance should be seen from falling channel resistance (now at 125.14) to limit upside. Break of 117.07 support will be an early sign of resumption of down trend from 137.49 through 115.86 low.

Daily Pivots: (S1) 120.28; (P) 120.48; (R1) 120.87; More….

Intraday bias in EUR/JPY is turned neutral with current recovery. On the upside, break of 121.01 will bring retest of 121.46 resistance first. Break there will resume whole rise from 115.86 low. On the downside, below 119.99 will target 119.24 support next.

In the bigger picture, the rebound from 115.86 medium term bottom is seen as a corrective rise only. In case of another rise, strong resistance should be seen from falling channel resistance (now at 125.14) to limit upside. Break of 117.07 support will be an early sign of resumption of down trend from 137.49 through 115.86 low.

Daily Pivots: (S1) 119.98; (P) 120.13; (R1) 120.26; More….

At this point, further decline remains in favor in EUR/JPY despite today’s recovery. Break of 119.24 support will resume the decline from 121.46 and should target 100% projection of 121.46 to 119.24 from 121.01 at 118.79. On the upside, break of 121.01 will bring retest of 121.46 instead.

In the bigger picture, the rebound from 115.86 medium term bottom is seen as a corrective rise only. In case of another rise, strong resistance should be seen from falling channel resistance (now at 125.14) to limit upside. Break of 117.07 support will be an early sign of resumption of down trend from 137.49 through 115.86 low.

Daily Pivots: (S1) 119.80; (P) 120.30; (R1) 120.58; More….

Intraday bias in EUR/JPY is mildly on the downside for 119.24 support first. Break will resume the decline from 121.46 and should target 100% projection of 121.46 to 119.24 from 121.01 at 118.79. On the upside, break of 121.01 will bring retest of 121.46 instead.

In the bigger picture, the rebound from 115.86 medium term bottom is seen as a corrective rise only. In case of another rise, strong resistance should be seen from falling channel resistance (now at 125.14) to limit upside. Break of 117.07 support will be an early sign of resumption of down trend from 137.49 through 115.86 low.

EUR/JPY edged higher to 121.01 last week but reversed from there. Recovery from 119.24 should have completed. Initial bias is on the downside this week for 119.24 support first. Break will target 100% projection of 121.46 to 119.24 from 121.01 at 118.79. On the upside, break of 121.01 will bring retest of 121.46 instead .

In the bigger picture, the rebound from 115.86 medium term bottom is seen as a corrective rise only. In case of another rise, strong resistance should be seen from falling channel resistance (now at 125.14) to limit upside. Break of 117.07 support will be an early sign of resumption of down trend from 137.49 through 115.86 low.

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 125.72), this is the preferred case.

Daily Pivots: (S1) 120.58; (P) 120.74; (R1) 120.91; More….

EUR/JPY is staying in range below 121.01 and intraday bias remains neutral first. On the upside, above 121.01 will bring retest of 121.46 resistance. On the downside, below 120.10 will target 119.24 support. Overall, as long as 119.11 support holds, outlook remains bullish. Larger rise from 115.86 is still in favor to resume through 121.46 at a later stage.

In the bigger picture, the rebound from 115.86 medium term bottom is seen as a corrective rise only. In case of another rise, strong resistance should be seen from falling channel resistance (now at 125.14) to limit upside. Break of 117.07 support will be an early sign of resumption of down trend from 137.49 through 115.86 low.

Daily Pivots: (S1) 120.19; (P) 120.50; (R1) 120.90; More….

Intraday bias in EUR/JPY stays neutral for the moment. On the upside, above 121.01 will bring retest of 121.46 resistance. On the downside, below 120.10 will target 119.24 support. Overall, as long as 119.11 support holds, outlook remains bullish. Larger rise from 115.86 is still in favor to resume through 121.46 at a later stage.

In the bigger picture, the rebound from 115.86 medium term bottom is seen as a corrective rise only. In case of another rise, strong resistance should be seen from falling channel resistance (now at 125.14) to limit upside. Break of 117.07 support will be an early sign of resumption of down trend from 137.49 through 115.86 low.

Daily Pivots: (S1) 120.09; (P) 120.53; (R1) 120.80; More….

Intraday bias in EUR/JPY remains on the downside at this point. Corrective rise from 119.24 could have completed at 121.01. Deeper fail would be seen towards 119.24. Still, overall, near term outlook will remain bullish as long as 119.11 support holds. Larger rise from 115.86 is still in favor to resume through 121.46 at a later stage.

In the bigger picture, the rebound from 115.86 medium term bottom is seen as a corrective rise only. In case of another rise, strong resistance should be seen from falling channel resistance (now at 125.14) to limit upside. Break of 117.07 support will be an early sign of resumption of down trend from 137.49 through 115.86 low.