Daily Pivots: (S1) 120.36; (P) 120.85; (R1) 121.37; More….

Intraday bias in EUR/JPY remains on the upside at this point. Firm break of 100% projection of 115.86 to 120.01 from 117.07 at 121.16 will target 161.8% projection at 123.78. On the downside, break of 119.74 minor support will turn intraday bias neutral and bring consolidations, before staging another rally.

In the bigger picture, current development argues that a medium term bottom is formed at 115.86, on bullish convergence condition in daily MACD, ahead of 114.84 support. Break of 120.78 support turned resistance will affirm this case and bring further rise to falling channel resistance (now at 126.10). Reactions from there would decide whether the medium term has reversed. For now, further rise is expected as long as 117.07 support holds.

Daily Pivots: (S1) 119.96; (P) 120.22; (R1) 120.68; More….

Intraday bias in EUR/JPY remains on the upside at this point. Rise from 115.86 is in progress for 100% projection of 115.86 to 120.01 from 117.07 at 121.16 first. On the downside, break of 119.74 minor support will turn intraday bias neutral and bring consolidations, before staging another rally.

In the bigger picture, current development argues that a medium term bottom is formed at 115.86, on bullish convergence condition in daily MACD, ahead of 114.84 support. Break of 120.78 support turned resistance will affirm this case and bring further rise to falling channel resistance (now at 126.10). Reactions from there would decide whether the medium term has reversed. For now, further rise is expected as long as 117.07 support holds.

Daily Pivots: (S1) 119.41; (P) 119.82; (R1) 120.51; More….

EUR/JPY’s rise resumed after brief consolidations and intraday bias is back on the upside. Current rise from 115.86 should target 100% projection of 115.86 to 120.01 from 117.07 at 121.16 first. On the downside, break of 119.11 minor support will turn intraday bias neutral and bring consolidations, before staging another rally.

In the bigger picture, current development argues that a medium term bottom is formed at 115.86, on bullish convergence condition in daily MACD, ahead of 114.84 support. Break of 120.78 support turned resistance will affirm this case and bring further rise to falling channel resistance (now at 126.10). Reactions from there would decide whether the medium term has reversed. For now, further rise is expected as long as 117.07 support holds.

Daily Pivots: (S1) 119.24; (P) 119.48; (R1) 119.77; More….

Intraday bias in EUR/JPY is turned neutral with 4 hour MACD crossed below signal line. Some retreat could be seen, but downside should be contained above 117.07 support to bring another rally. On the upside, break of 120.01 resistance will resume the rise from 115.86 for 100% projection of 115.86 to 120.01 from 117.07 at 121.16 first.

In the bigger picture, current development argues that a medium term bottom is formed at 115.86, on bullish convergence condition in daily MACD, ahead of 114.84 support. Break of 120.78 support turned resistance will affirm this case and bring further rise to falling channel resistance (now at 126.10). Reactions from there would decide whether the medium term has reversed. For now, further rise is expected as long as 117.07 support holds.

Daily Pivots: (S1) 118.94; (P) 119.47; (R1) 120.21; More….

Intraday bias in EUR/JPY remains mildly on the upside at this point. Further rise should be seen to 100% projection of 115.86 to 120.01 from 117.07 at 121.16 first. On the downside, though, below 118.76 will mix up the outlook and turn intraday bias neutral first.

In the bigger picture, current development argues that a medium term bottom is formed at 115.86, on bullish convergence condition in daily MACD, ahead of 114.84 support. Break of 120.78 support turned resistance will affirm this case and bring further rise to falling channel resistance (now at 126.10). Reactions from there would decide whether the medium term has reversed. For now, further rise is expected as long as 117.07 support holds.

EUR/JPY’s strong rally last week suggests that rebound from 115.86 is ready to resume. The strong break of 55 day EMA and bullish convergence condition in daily MACD argues that 115.86 is a medium term bottom too. Initial bias stays on the upside this week. Break of 120.01 will target 100% projection of 115.86 to 120.01 from 117.07 at 121.16 first. On the downside, though, below 118.76 will mix up the outlook and turn intraday bias neutral first.

In the bigger picture, current development argues that a medium term bottom is formed at 115.86, on bullish convergence condition in daily MACD, ahead of 114.84 support. Break of 120.78 support turned resistance will affirm this case and bring further rise to falling channel resistance (now at 126.10). Reactions from there would decide whether the medium term has reversed. For now, further rise is expected as long as 117.07 support holds.

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, this is the preferred case.

Daily Pivots: (S1) 117.93; (P) 118.44; (R1) 119.29; More….

Intraday bias in EUR/JPY remains on the upside for 120.10 resistance. Rebound from 115.86 is possibly still in progress. Break of 120.01 will target 61.8% retracement of 123.35 to 115.86 at 120.48 next. On the downside, though, break of 117.07 will target retest on 115.86 low.

In the bigger picture, as long as 120.78 support turned resistance holds, down trend from 137.49 (2018 high) should still be in progress. Break of 115.86 will target 109.48 (2016 low) and below. However, sustained break of 120.78 will be the first indication of medium term reversal. Further rise would then be seen to 127.50 resistance for confirmation.

Daily Pivots: (S1) 117.38; (P) 117.74; (R1) 118.26; More….

EUR/JPY’s break of 118.47 resistance suggests that pull back from 120.01 has completed at 117.07. And rebound from 115.86 is possibly still in progress. Intraday bias is turned back to the upside for 120.01 resistance first. Break will target 61.8% retracement of 123.35 to 115.86 at 120.48 next. On the downside, though, break of 117.07 will target retest on 115.86 low.

In the bigger picture, as long as 120.78 support turned resistance holds, down trend from 137.49 (2018 high) should still be in progress. Break of 115.86 will target 109.48 (2016 low) and below. However, sustained break of 120.78 will be the first indication of medium term reversal. Further rise would then be seen to 127.50 resistance for confirmation.

Daily Pivots: (S1) 117.38; (P) 117.74; (R1) 118.26; More….

Intraday bias in EUR/JPY stays neutral at this point. With 118.47 resistance intact, further decline is expected. Corrective recovery from 115.86 should have completed at 120.01. Break of 117.07 will target a retest on 115.86 low. On the upside, above 118.47 minor resistance will turn bias back to the upside for 120.01 resistance instead.

In the bigger picture, as long as 120.78 support turned resistance holds, down trend from 137.49 (2018 high) should still be in progress. Break of 115.86 will target 109.48 (2016 low) and below. However, sustained break of 120.78 will be the first indication of medium term reversal. Further rise would then be seen to 127.50 resistance for confirmation.

Daily Pivots: (S1) 116.98; (P) 117.48; (R1) 117.82; More….

Intraday bias in EUR/JPY remains neutral for consolidation above 117.07 temporary low. With 118.47 resistance intact, further decline is expected. Corrective recovery from 115.86 should have completed at 120.01. Break of 117.07 will target a retest on 115.86 low. On the upside, above 118.47 minor resistance will turn bias back to the upside for 120.01 resistance instead.

In the bigger picture, as long as 120.78 support turned resistance holds, down trend from 137.49 (2018 high) should still be in progress. Break of 115.86 will target 109.48 (2016 low) and below. However, sustained break of 120.78 will be the first indication of medium term reversal. Further rise would then be seen to 127.50 resistance for confirmation.

Daily Pivots: (S1) 117.20; (P) 117.55; (R1) 118.02; More….

Intraday bias in EUR/JPY is turned neutral with a temporary low formed at 117.07. Further decline is still expected as long as 118.47 minor resistance holds. Corrective recovery from 115.86 should have completed at 120.01. Break of 117.07 will target a retest on 115.86 low. On the upside, above 118.47 minor resistance will turn bias back to the upside for 120.01 resistance instead.

In the bigger picture, as long as 120.78 support turned resistance holds, down trend from 137.49 (2018 high) should still be in progress. Break of 115.86 will target 109.48 (2016 low) and below. However, sustained break of 120.78 will be the first indication of medium term reversal. Further rise would then be seen to 127.50 resistance for confirmation.

Daily Pivots: (S1) 117.14; (P) 117.32; (R1) 117.54; More….

Intraday bias in EUR/JPY remains mildly on the downside for the moment. Corrective recovery from 115.86 should have completed at 120.01. Deeper fall should be seen to retest 115.86 low. On the upside, above 118.47 minor resistance will turn bias back to the upside for 120.01 resistance instead.

In the bigger picture, as long as 120.78 support turned resistance holds, down trend from 137.49 (2018 high) should still be in progress. Break of 115.86 will target 109.48 (2016 low) and below. However, sustained break of 120.78 will be the first indication of medium term reversal. Further rise would then be seen to 127.50 resistance for confirmation.

EUR/JPY’s fall from 120.01 extended lower last week and outlook is unchanged. Corrective recovery from 115.86 should have completed at 120.01. Initial bias stays on the downside for retesting 115.86 low. On the upside, above 118.47 minor resistance will turn bias back to the upside for 120.01 resistance instead.

In the bigger picture, as long as 120.78 support turned resistance holds, down trend from 137.49 (2018 high) should still be in progress. Break of 115.86 will target 109.48 (2016 low) and below. However, sustained break of 120.78 will be the first indication of medium term reversal. Further rise would then be seen to 127.50 resistance for confirmation.

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, this is the preferred case.

Daily Pivots: (S1) 116.98; (P) 117.32; (R1) 117.55; More….

No change in EUR/JPY’s outlook and intraday bias remains mildly on the downside. Rebound from 115.86 should have completed at 120.01. Deeper fall should be seen to retest 115.86 first. On the upside, above 118.47 minor resistance will turn bias back to the upside for 120.01 resistance instead.

In the bigger picture, as long as 120.78 support turned resistance holds, down trend from 137.49 (2018 high) should still be in progress. Break of 115.86 will target 109.48 (2016 low) and below. However, sustained break of 120.78 will be the first indication of medium term reversal. Further rise would then be seen to 127.50 resistance for confirmation.

Daily Pivots: (S1) 117.19; (P) 117.60; (R1) 117.86; More….

Intraday bias in EUR/JPY remains mildly on the downside for the moment. rebound from 115.86 should have completed at 120.01. Deeper fall should be seen to retest 115.86 first. On the upside, above 118.47 minor resistance will turn bias back to the upside for 120.01 resistance instead.

In the bigger picture, as long as 120.78 support turned resistance holds, down trend from 137.49 (2018 high) should still be in progress. Break of 115.86 will target 109.48 (2016 low) and below. However, sustained break of 120.78 will be the first indication of medium term reversal. Further rise would then be seen to 127.50 resistance for confirmation.

Daily Pivots: (S1) 117.59; (P) 117.88; (R1) 118.08; More….

EUR/JPY’s break of 117.55 minor support suggests that rebound form 115.86 has completed at 120.01 already. Intraday bias is now back on the downside for retesting 115.86 first. On the upside, above 118.47 minor resistance will turn bias back to the upside for 120.01 resistance instead.

In the bigger picture, as long as 120.78 support turned resistance holds, down trend from 137.49 (2018 high) should still be in progress. Break of 115.86 will target 109.48 (2016 low) and below. However, sustained break of 120.78 will be the first indication of medium term reversal. Further rise would then be seen to 127.50 resistance for confirmation.

Daily Pivots: (S1) 117.49; (P) 117.84; (R1) 118.15;  More….

Intraday bias in EUR/JPY remains neutral with focus on 117.55 minor support. Firm break there will suggest completion of rebound from 115.86. Intraday bias will be turned to the downside for retesting 115.86 first. On the upside, break of 120.01 will resume the rebound through 61.8% retracement of 123.35 to 115.86 at 120.48.

In the bigger picture, as long as 120.78 support turned resistance holds, down trend from 137.49 (2018 high) should still be in progress. Break of 115.86 will target 109.48 (2016 low) and below. However, sustained break of 120.78 will be the first indication of medium term reversal. Further rise would then be seen to 127.50 resistance for confirmation.

Daily Pivots: (S1) 117.54; (P) 118.01; (R1) 118.56; More….

Intraday bias in EUR/JPY remains neutral for the moment. On the downside, firm break of 117.55 will suggest completion of rebound from 115.86. Intraday bias will be turned to the downside for retesting 115.86 first. On the upside, break of 120.01 will resume the rebound through 61.8% retracement of 123.35 to 115.86 at 120.48.

In the bigger picture, as long as 120.78 support turned resistance holds, down trend from 137.49 (2018 high) should still be in progress. Break of 115.86 will target 109.48 (2016 low) and below. However, sustained break of 120.78 will be the first indication of medium term reversal. Further rise would then be seen to 127.50 resistance for confirmation.

EUR/JPY breached 117.55 support last week but quickly recovered. Initial bias remains neutral this week first. On the downside, firm break of 117.55 will suggest completion of rebound from 115.86. Intraday bias will be turned to the downside for retesting 115.86 first. On the upside, break of 120.01 will resume the rebound through 61.8% retracement of 123.35 to 115.86 at 120.48.

In the bigger picture, as long as 120.78 support turned resistance holds, down trend from 137.49 (2018 high) should still be in progress. Break of 115.86 will target 109.48 (2016 low) and below. However, sustained break of 120.78 will be the first indication of medium term reversal. Further rise would then be seen to 127.50 resistance for confirmation.

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, this is the preferred case.

Daily Pivots: (S1) 117.51; (P) 117.78; (R1) 118.04; More….

EUR/JPY recovers after hitting 117.55 minor support and intraday bias remains neutral first. On the downside, firm break of 117.55 will suggest completion of rebound from 115.86. Intraday bias will be turned to the downside for retesting 115.86 first. On the upside, break of 120.01 will resume the rebound through 61.8% retracement of 123.35 to 115.86 at 120.48.

In the bigger picture, as long as 120.78 support turned resistance holds, down trend from 137.49 (2018 high) should still be in progress. Break of 115.86 will target 109.48 (2016 low) and below. However, sustained break of 120.78 will be the first indication of medium term reversal. Further rise would then be seen to 127.50 resistance for confirmation.