Daily Pivots: (S1) 124.31; (P) 124.67; (R1) 124.98; More….

Intraday bias in EUR/JPY remains neutral for consolidation above 123.82 temporary low. Some consolidations could be seen and further fall is expected with 125.68 minor resistance intact. On the downside, break of 123.82 will resume the fall from 127.50 to 61.8% retracement of 118.62 to 127.50 at 122.01. However, break of 125.68 will bring stronger rebound back to 127.50 resistance.

In the bigger picture, rebound from 118.62 might have completed earlier than expected at 127.50. EUR/JPY is held well inside medium term falling channel, and below 55 week EMA (now at 127.86). That is, the down trend from 137.49 (2018 high) might still be in progress. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will extend the rebound from 118.62 to 133.12 key resistance instead.

Daily Pivots: (S1) 123.90; (P) 124.36; (R1) 124.86; More….

A temporary low is in place at 123.82 in EUR/JPY and intraday bias is turned neutral first. Further decline is expected as long as 125.68 minor resistance holds. Prior break of 124.27 support indicates completion of rebound from 118.62. On the downside, below 123.82 will target 61.8% retracement of 118.62 to 127.50 at 122.01. However, break of 125.68 will bring stronger rebound back to 127.50 resistance.

In the bigger picture, rebound from 118.62 might have completed earlier than expected at 127.50. EUR/JPY is held well inside medium term falling channel, and below 55 week EMA (now at 127.86). That is, the down trend from 137.49 (2018 high) might still be in progress. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will extend the rebound from 118.62 to 133.12 key resistance instead.

Daily Pivots: (S1) 123.32; (P) 124.75; (R1) 125.68; More….

Intraday bias in EUR/JPY remains on the downside at this point. Prior break of 124.27 support firstly indicates resumption of fall from 127.50. Secondly it argues that rebound from 118.62 might be completed. Deeper decline would be seen to 61.8% retracement of 118.62 to 127.50 at 122.01. On the upside, above 125.08 minor resistance will turn intraday bias neutral first.

In the bigger picture, rebound from 118.62 might have completed earlier than expected at 127.50. EUR/JPY is held well inside medium term falling channel, and below 55 week EMA (now at 127.86). That is, the down trend from 137.49 (2018 high) might still be in progress. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will extend the rebound from 118.62 to 133.12 key resistance instead.

EUR/JPY recovered to 126.78 last week but dropped sharply since then. Break of 124.27 support firstly indicates resumption of fall from 127.50. Secondly it argues that rebound from 118.62 might be completed. Initial bias is now on the downside this week for 61.8% retracement of 118.62 to 127.50 at 122.01. On the upside, above 125.08 minor resistance will turn intraday bias neutral first.

In the bigger picture, rebound from 118.62 might have completed earlier than expected at 127.50. EUR/JPY is held well inside medium term falling channel, and below 55 week EMA (now at 127.86). That is, the down trend from 137.49 (2018 high) might still be in progress. Break of 118.62 will target 109.03/114.84 long term support zone. On the upside, however, break of 127.50 will extend the rebound from 118.62 to 133.12 key resistance instead.

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 109.03 low. On the upside, break of 133.12 resistance bring retest of 149.76 (2014 high).

Daily Pivots: (S1) 125.62; (P) 126.11; (R1) 126.54; More….

EUR/JPY is staying in sideway consolidation below 127.50 and intraday bias remains neutral. Near term outlook will remain bullish as long as 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) holds. On the upside, decisive break of 127.50 will resume whole rise from 118.62 and target 129.50 resistance next.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

Daily Pivots: (S1) 126.22; (P) 126.50; (R1) 126.66; More….

EUR/JPY’s sharp fall today suggests that rebound from 124.27 has completed at 126.78. Deeper decline might now be seen as consolidation from 127.50 extends. But after all, near term outlook will remain bullish as long as 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) holds. On the upside, decisive break of 127.50 will resume whole rise from 118.62 and target 129.50 resistance next.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

Daily Pivots: (S1) 126.17; (P) 126.39; (R1) 126.70; More….

EUR/JPY’s rebound from 124.27 resumes today and focus back on 127.50 resistance. Decisive break there will resume whole rise from 118.62 and target 129.50 resistance next. In case of another fall, near term outlook will remain bullish as long as 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) holds.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

Daily Pivots: (S1) 126.09; (P) 126.40; (R1) 126.65; More….

Intraday bias in EUR/JPY remains neutral for the moment. Overall, with 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) intact, near term bullish ness is retained. On the upside, break of 127.50 will target 129.50 resistance next. On the downside, however, decisive break of 124.10/23 should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01 and below. In this case, the chance of resuming larger down trend will also increase.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

Daily Pivots: (S1) 126.05; (P) 126.32; (R1) 126.51; More….

Intraday bias in EUR/JPY remains neutral first as upside momentum is week as seen in 4 hour MACD. Overall, with 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) intact, near term bullish ness is retained. On the upside, break of 127.50 will target 129.50 resistance next. On the downside, however, decisive break of 124.10/23 should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01 and below. In this case, the chance of resuming larger down trend will also increase.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

EUR/JPY’s strong rebound last suggests that pull back from 127.50 has completed at 124.17. With 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) intact, near term bullish ness is retained. Though, as EUR/JPY lost momentum as seen in 4 hour MACD, initial bias is neutral this week first. On the upside, break of 127.50 will target 129.50 resistance next. On the downside, however, decisive break of 124.10/23 should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01 and below. In this case, the chance of resuming larger down trend will also increase.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

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 and could have completed. Break of 133.12 resistance will likely send EUR/JPY through 137.49 towards 149.76 (2014 high).

Daily Pivots: (S1) 125.92; (P) 126.25; (R1) 126.60; More….

Intraday bias in EUR/JPY remains on the upside for 127.50 resistance. With 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) intact, rise from 118.61 is in favor to extend. On the upside, break of 127.50 will target 129.50 resistance next. On the downside, however, decisive break of 124.10/23 should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01 and below. In this case, the chance of resuming larger down trend will also increase.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

Daily Pivots: (S1) 125.55; (P) 125.81; (R1) 126.17; More….

EUR/JPY’s rebound is still in progress and intraday bias stays mildly on the upside for 127.50 resistance. With 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) intact, rise from 118.61 is in favor to extend. On the upside, break of 127.50 will target 129.50 resistance next. On the downside, however, decisive break of 124.10/23 should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01 and below. In this case, the chance of resuming larger down trend will also increase.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

Daily Pivots: (S1) 125.18; (P) 125.51; (R1) 126.00; More….

Intraday bias in EUR/JPY remains mildly on the upside for the moment. Pull back from 127.50 could have completed at 124.27. With 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) intact, rise from 118.61 is in favor to extend. On the upside, break of 127.50 will target 129.50 resistance next. On the downside, however, decisive break of 124.10/23 should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01 and below. In this case, the chance of resuming larger down trend will also increase.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

Daily Pivots: (S1) 124.62; (P) 124.91; (R1) 125.36; More….

EUR/JPY’s break of 125.34 minor resistance argues that pull back from 127.50 has completed at 124.27, after defending 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10).Ner term bullishness is so far retained. Intraday bias is turned back to the upside for retesting 127.50 resistance first. On the downside, however, decisive break of 124.10/23 should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01 and below. In this case, the chance of resuming larger down trend will also increase.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

Daily Pivots: (S1) 124.42; (P) 124.73; (R1) 125.20; More….

Intraday bias in EUR/JPY remains neutral first. On the downside, decisive break of 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10) should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01 and below. In this case, the chance of resuming larger down trend will also increase. On the upside, though, break of 125.34 minor resistance after defending 124.10/23 will retain near term bullishness. Intraday bias will be turned back to the upside for retesting 127.50 first.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

EUR/JPY dropped sharply to as low as 124.27 last week but recovered since then. Initial bias is turned neutral this week first, with focus on 124.23 cluster support (38.2% retracement of 118.62 to 127.50 at 124.10). Decisive break there should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01 and below. In this case, the chance of resuming larger down trend will also increase. On the upside, though, break of 125.34 minor resistance after defending 124.10/23 will retain near term bullishness. Intraday bias will be turned back to the upside for retesting 127.50 first.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

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 and could have completed. Break of 133.12 resistance will likely send EUR/JPY through 137.49 towards 149.76 (2014 high).

Daily Pivots: (S1) 126.15; (P) 126.41; (R1) 126.63; More….

EUR/JPY’s fall from 127.50 extends to as low as 124.27 so far today. Focus is now immediately on 124.23 cluster support 38.2% retracement of 118.62 to 127.50 at 124.10). Decisive break there should confirm completion of whole rebound from 118.61. Deeper fall should at least be seen to 61.8% retracement at 122.01. In this case, the chance of resuming larger down trend will also increase. On the upside, though, break of 125.34 minor resistance after defending 124.10/23 will retain near term bullishness. Intraday bias will be turned back to the upside for retesting 127.50 first.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case. And in such case, the down trend from 137.49 could possibly resume through 118.62.

Daily Pivots: (S1) 126.15; (P) 126.41; (R1) 126.63; More….

Intraday bias in EUR/JPY remains neutral as consolidation from 127.50 temporary top is extending. In case of deeper retreat, downside should be contained by 124.23/125.95 support zone to bring rise resumption. On the upside, break of 127.50 will resume the rally from 118.62 towards 61.8% retracement of 137.49 to 118.62 at 130.28 next.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case and turn focus back to 118.62 instead.

Daily Pivots: (S1) 126.26; (P) 126.61; (R1) 126.86; More….

EUR/JPY is staying in consolidation from 127.50 temporary top and intraday bias remains neutral. In case of deeper retreat, downside should be contained by 124.23/125.95 support zone to bring rise resumption. On the upside, break of 127.50 will resume the rally from 118.62 towards 61.8% retracement of 137.49 to 118.62 at 130.28 next.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case and turn focus back to 118.62 instead.

Daily Pivots: (S1) 126.31; (P) 126.84; (R1) 127.25; More….

A temporary top is in place at 127.50 with current retreat. Intraday bias in EUR/JPY is turned neutral for some consolidations. In case of deeper retreat, downside should be contained by 124.23/125.95 support zone to bring rise resumption. On the upside, break of 127.50 will resume the rally from 118.62 towards 61.8% retracement of 137.49 to 118.62 at 130.28 next.

In the bigger picture, current development argues that medium term decline from 137.49 (2018 high) has completed with three waves down to 118.62 already. Decisive break of 133.12 resistance will confirm this bullish case. And whole up trend from 109.03 (2016 low) might resume through 137.49 in that case. On the downside, break of 124.23 support will invalidate this case and turn focus back to 118.62 instead.