Daily Pivots: (S1) 117.60; (P) 118.00; (R1) 118.49; More….

Intraday bias in EUR/JPY remains on the downside at this point. Current downtrend should target 114.84 support next. On the upside, above 118.74 minor resistance will turn intraday bias neutral and bring consolidations again first.

In the bigger picture, down trend from 137.49 is still in progress. It’s seen as a falling leg of multi-year sideway pattern. Deeper fall could be seen to 109.48 (2016 low and below). On the upside, break of 127.50 resistance is needed to be the confirm medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.

Daily Pivots: (S1) 118.04; (P) 118.39; (R1) 118.69; More….

EUR/JPY’s breach of 117.67 suggests resumption of recent decline. Intraday bias is back on the downside. Current downtrend should target 114.84 support next. On the upside, above 118.74 minor resistance will turn intraday bias neutral and bring consolidations again first.

In the bigger picture, down trend from 137.49 is still in progress. It’s seen as a falling leg of multi-year sideway pattern. Deeper fall could be seen to 109.48 (2016 low and below). On the upside, break of 127.50 resistance is needed to be the confirm medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.

Daily Pivots: (S1) 118.04; (P) 118.39; (R1) 118.69; More….

EUR/JPY drops mildly today but stays above 117.67 temporary low. Intraday bias remains neutral for the moment and more consolidations could be seen. But even in case of another recovery, upside should be limited below 120.05 support turned resistance to bring fall resumption. On the downside, break of 117.67 will resume recent fall from 127.50 to 114.84 support next.

In the bigger picture, down trend from 137.49 is still in progress. It’s seen as a falling leg of multi-year sideway pattern. Deeper fall could be seen to 109.48 (2016 low and below). On the upside, break of 127.50 resistance is needed to be the confirm medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.

EUR/JPY edged lower to 117.67 last week. but turned into consolidation since then. Initial bias remains neutral this week first and some more sideway trading could be seen. In case of another recovery, upside should be limited below 120.05 support turned resistance to bring fall resumption. On the downside, break of 117.67 will resume recent fall from 127.50 to 114.84 support next.

In the bigger picture, down trend from 137.49 is still in progress. It’s seen as a falling leg of multi-year sideway pattern. Deeper fall could be seen to 109.48 (2016 low and below). On the upside, break of 127.50 resistance is needed to be the confirm medium term reversal. Otherwise, outlook will remain bearish in case of strong 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. Break of 118.62 will extend this falling leg through 109.48 (2016 low). With EUR/JPY staying below 55 month EMA, this will remain the preferred case.

Daily Pivots: (S1) 118.32; (P) 118.76; (R1) 119.03; More…

Intraday bias in EUR/JPY remains neutral as consolidation from 117.67 is still in progress. In case of another recovery, upside should be limited below 120.05 support turned resistance fall resumption. On the downside, break of 117.67 will resume recent down trend to 114.84 support next.

In the bigger picture, down trend from 137.49 is still in progress. It’s seen as a falling leg of multi-year sideway pattern. Deeper fall could be seen to 109.48 (2016 low and below). On the upside, break of 127.50 resistance is needed to be the confirm medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.

Daily Pivots: (S1) 118.55; (P) 118.91; (R1) 119.39; More…

No change in EUR/JPY’s outlook as consolidation from 117.67 is extending. Intraday bias remains neutral first. Upside of recovery should be limited below 120.05 support turned resistance fall resumption. On the downside, break of 117.67 will resume recent down trend to 114.84 support next.

In the bigger picture, down trend from 137.49 is still in progress. It’s seen as a falling leg of multi-year sideway pattern. Deeper fall could be seen to 109.48 (2016 low and below). On the upside, break of 127.50 resistance is needed to be the confirm medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.

Daily Pivots: (S1) 118.45; (P) 119.17; (R1) 119.96; More…

Intraday bias in EUR/JPY remains neutral for consolidation above 117.67 low. In case of stronger recovery, upside should be limited by 120.05 support turned resistance fall resumption. On the downside, break of 117.67 will resume recent down trend to 114.84 support next.

In the bigger picture, down trend from 137.49 is still in progress. It’s seen as a falling leg of multi-year sideway pattern. Deeper fall could be seen to 109.48 (2016 low and below). On the upside, break of 127.50 resistance is needed to be the confirm medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.

Daily Pivots: (S1) 117.94; (P) 118.44; (R1) 119.19; More…

EUR/JPY formed a temporary low at 117..67 with current recovery and intraday bias is turned neutral for consolidation. Upside of recovery should be limited by 120.05 support turned resistance fall resumption. On the downside, break of 117.67 will resume recent down trend to 114.84 support next.

In the bigger picture, down trend from 137.49 is still in progress. It’s seen as a falling leg of multi-year sideway pattern. Deeper fall could be seen to 109.48 (2016 low and below). On the upside, break of 127.50 resistance is needed to be the confirm medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.

Daily Pivots: (S1) 118.07; (P) 118.60; (R1) 118.92; More…

EUR/JPY drops further to as low as 117.67 so far today and intraday bias remains on the downside. Next downside target is 161.8% projection of 123.35 to 120.05 from 121.37 at 116.03. On the upside, above 118.92 minor resistance will turn intraday bias neutral and bring consolidations. But recovery should be limited by 120.05 support turned resistance to bring fall resumption.

In the bigger picture, down trend from 137.49 is still in progress. It’s seen as a falling leg of multi-year sideway pattern. Deeper fall could be seen to 109.48 (2016 low and below). On the upside, break of 127.50 resistance is needed to be the confirm medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.

EUR/JPY dropped to as low as 118.26 last week and break of 118.62 low indicate resumption of down trend from 137.49. Initial bias remains on the downside this week. Next near term target is 100% projection of 123.35 to 120.05 from 121.37 at 118.07 and then 161.8% projection at 116.03. On the upside, above 119.25 minor resistance will turn intraday bias neutral and bring consolidations. But recovery should be limited by 120.05 support turned resistance to bring fall resumption.

In the bigger picture, down trend from 137.49 is still in progress. It’s seen as a falling leg of multi-year sideway pattern. Deeper fall could be seen to 109.48 (2016 low and below). On the upside, break of 127.50 resistance is needed to be the confirm medium term reversal. Otherwise, outlook will remain bearish in case of strong 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. Break of 118.62 will extend this falling leg through 109.48 (2016 low). With EUR/JPY staying below 55 month EMA, this will remain the preferred case.

Daily Pivots: (S1) 118.36; (P) 119.54; (R1) 120.15; More…

EUR/JPY’s decline accelerates to as low as 118.42 so far. Break of 118.62 low suggests larger down trend resumption. Intraday bias is staying on the downside. Next near term target is 100% projection of 123.35 to 120.05 from 121.37 at 118.07 and then 161.8% projection at 116.03. On the upside, break of 120.05 support turned resistance is needed to be the first sign of short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, down trend from 137.49 is still in progress with the cross staying well inside long term falling channel, and below falling 55 week EMA. Sustained break of 118.62 will extend the fall to 109.48 (2016 low). On the upside, break of 127.50 resistance is needed to be the confirm medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.

Daily Pivots: (S1) 120.14; (P) 120.69; (R1) 121.02; More…

EUR/JPY’s break of 120.05 indicates resumption of recent decline from 127.50. Intraday bias back on the downside for 118.62 low. Break will resume long term down trend. On the upside, break of 121.38 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, down trend from 137.49 is still in progress with the cross staying well inside long term falling channel, and below falling 55 week EMA. Break of 118.62 will extend the fall to 109.48 (2016 low). On the upside, break of 127.50 resistance is needed to be the first sign of medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.

Daily Pivots: (S1) 120.14; (P) 120.69; (R1) 121.02; More…

EUR/JPY is staying in consolidation from 120.05 and intraday bias remains neutral first. Another recovery could be seen. But outlook remains bearish as long as 122.32 resistance holds. On the downside, break of 120.05 will resume the decline from 127.50 for retesting 118.62 low. Though, break of 122.32 would indicate short term bottoming and bring stronger rebound to 123.35 resistance and above.

In the bigger picture, down trend from 137.49 is still in progress with the cross staying well inside long term falling channel, and below falling 55 week EMA. Break of 118.62 will extend the fall to 109.48 (2016 low). On the upside, break of 127.50 resistance is needed to be the first sign of medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.

Daily Pivots: (S1) 120.89; (P) 121.14; (R1) 121.39; More…

Intraday bias in EUR/JPY remains neutral for consolidation above 120.05 temporary low. Another recovery could be seen. But outlook remains bearish as long as 122.32 resistance holds. On the downside, break of 120.05 will resume the decline from 127.50 for retesting 118.62 low. Though, break of 122.32 would indicate short term bottoming and bring stronger rebound to 123.35 resistance and above.

In the bigger picture, down trend from 137.49 is still in progress with the cross staying well inside long term falling channel, and below falling 55 week EMA. Break of 118.62 will extend the fall to 109.48 (2016 low). On the upside, break of 127.50 resistance is needed to be the first sign of medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.

Daily Pivots: (S1) 120.88; (P) 121.99; (R1) 121.45; More…

Outlook in EUR/JPY remains unchanged and intraday bias stays neutral for consolidation above 120.05. Another recovery could be seen. But outlook remains bearish as long as 122.32 resistance holds. On the downside, break of 120.05 will resume the decline from 127.50 for retesting 118.62 low. Though, break of 122.32 would indicate short term bottoming and bring stronger rebound to 123.35 resistance and above.

In the bigger picture, down trend from 137.49 is still in progress with the cross staying well inside long term falling channel, and below falling 55 week EMA. Break of 118.62 will extend the fall to 109.48 (2016 low). On the upside, break of 127.50 resistance is needed to be the first sign of medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.

Daily Pivots: (S1) 120.75; (P) 120.99; (R1) 121.17; More…

Intraday bias in EUR/JPY remains neutral at this point. Another recovery could be seen. But outlook remains bearish as long as 122.32 resistance holds. On the downside, break of 120.05 will resume the decline from 127.50 for retesting 118.62 low. Though, break of 122.32 would indicate short term bottoming and bring stronger rebound to 123.35 resistance and above.

In the bigger picture, down trend from 137.49 is still in progress with the cross staying well inside long term falling channel, and below falling 55 week EMA. Break of 118.62 will extend the fall to 109.48 (2016 low). On the upside, break of 127.50 resistance is needed to be the first sign of medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.

EUR/JPY dropped to 120.05 last week but formed a temporary low there and recovered. Initial bias remain neutral this week first for some more consolidation. But still, outlook remains bearish as long as 122.32 resistance holds. on the downside, break of 120.05 will resume the decline from 127.50 for retesting 118.62 low. Though, break of 122.32 would indicate short term bottoming and bring stronger rebound to 123.35 resistance and above.

In the bigger picture, down trend from 137.49 is still in progress with the cross staying well inside long term falling channel, and below falling 55 week EMA. Break of 118.62 will extend the fall to 109.48 (2016 low). On the upside, break of 127.50 resistance is needed to be the first sign of medium term reversal. Otherwise, outlook will remain bearish in case of strong 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. Break of 118.62 will extend this falling leg through 109.48 (2016 low). With EUR/JPY staying below 55 month EMA, this is now the preferred case.

Daily Pivots: (S1) 120.30; (P) 120.84; (R1) 121.63; More….

EUR/JPY formed a temporary low after dipping to 120.05 and intraday bias is turned neutral for consolidation first. Outlook will remain bearish as long as 122.32 resistance holds. Break of 120.05 will extend the fall from 127.50 to retest 118.62 low. Though, break of 122.32 would indicate short term bottoming and bring stronger rebound to 123.35 resistance and above.

In the bigger picture, down trend from 137.49 is still in progress with the cross staying inside long term falling channel. Break of 118.62 will extend the fall to 109.48 (2016 low). On the upside, break of 127.50 resistance is needed to be the first sign of medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.

Daily Pivots: (S1) 120.24; (P) 120.47; (R1) 120.74; More….

EUR/JPY’s is in progress and intraday bias remains on the downside. Current decline from 127.50 should target 118.62 low next. Break will resume medium term down trend. On the upside, above 120.78 minor resistance will turn intraday bias neutral and bring consolidation first. But outlook will stay bearish as long as 122.32 resistance holds.

In the bigger picture, down trend from 137.49 is still in progress with the cross staying inside long term falling channel. Break of 118.62 will extend the fall to 109.48 (2016 low). On the upside, break of 127.50 resistance is needed to be the first sign of medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.

Daily Pivots: (S1) 120.42; (P) 120.76; (R1) 121.01; More….

Intraday bias in EUR/JPY remains on the downside as this point. Fall from 127.50 is in progress for retesting 118.62 low. Break will resume medium term down trend. On the upside, break of 121.31 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, down trend from 137.49 is still in progress with the cross staying inside long term falling channel. Break of 118.62 will extend the fall to 109.48 (2016 low). On the upside, break of 127.50 resistance is needed to be the first sign of medium term reversal. Otherwise, outlook will remain bearish in case of strong rebound.