EUR/JPY’s rise from 146.12 continued last week and outlook is unchanged. Initial bias stays on the upside this week for 151.60 resistance. Firm break there will resume larger up trend to 153.64 projection level. On the downside, however, break of 148.83 will extend the corrective pattern from 151.60 with another falling leg, back towards 146.12
EURJPY Outlook
Daily Pivots: (S1) 149.56; (P) 149.94; (R1) 150.57; More…. Intraday bias in EUR/JPY is back on the upside with break of 150.04 temporary top. Rebound from 146.12 is in progress for retesting 151.60 high. Decisive break there will resume larger up trend. On the downside, however, break of 148.83 minor support should extend the corrective
Daily Pivots: (S1) 149.20; (P) 149.57; (R1) 150.30; More…. Intraday bias in EUR/JPY stays neutral first. On the upside, break of 150.04 will extend the rebound from 146.12 to retest 151.60 high. Decisive break there will resume larger up trend. On the downside, however, break of 148.15 minor support should extend the corrective pattern from
Daily Pivots: (S1) 149.15; (P) 149.54; (R1) 150.23; More…. EUR/JPY’s rebound from 146.12 is still in progress. Further rise could be seen for retesting 151.60 high. Decisive break there will resume larger up trend. On the downside, however, break of 146.12 will resume the fall to 61.8% retracement of 139.05 to 151.60 at 143.84. In
Daily Pivots: (S1) 148.61; (P) 149.20; (R1) 149.69; More…. Further rise is mildly on the upside in EUR/JPY for retesting 151.60 high. Decisive break there will resume larger up trend. On the downside, however, break of 146.12 will resume the fall to 61.8% retracement of 139.05 to 151.60 at 143.84. In the bigger picture, rise
EUR/JPY’s rebound from 146.12 extended higher last week and the development argues that pull back from 151.60 has completed. Initial bias is mildly on the upside this week for retesting 151.60. Decisive break there will resume larger up trend. On the downside, however, break of 146.12 will resume the fall to 61.8% retracement of 139.05
Daily Pivots: (S1) 148.96; (P) 149.21; (R1) 149.63; More…. EUR/JPY breached 149.25 resistance briefly but quickly retreated. Intraday bias remains neutral. On the upside, firm break of 149.25 resistance will argue that pull back from 151.60 has completed at 146.12 already. Stronger rally should be seen back to retest 151.60. On the downside, however, break