EUR/JPY stayed in consolidation above 156.57 last week and outlook is unchanged. Initial bias remains neutral this week first. Risk stays on the downside with 158.64 resistance intact. On the downside, break of 156.57 support, and sustained trading below 55 D EMA (now at 156.91) will argue that fall from 159.75 is a larger scale
EURJPY Outlook
Daily Pivots: (S1) 156.86; (P) 157.50; (R1) 157.96; More…. Intraday bias in EUR/JPY stays neutral for the moment. Risk will be mildly on the downside as long as 158.64 resistance holds. Break of 156.57 support, and sustained trading below 55 D EMA (now at 156.80) will argue that fall from 159.75 is a larger scale
Daily Pivots: (S1) 157.80; (P) 158.12; (R1) 158.48; More…. No change in EUR/JPY’s outlook as range trading continues. Intraday bias stays neutral. Risk will be mildly on the downside as long as 158.64 resistance holds. Break of 156.57 support, and sustained trading below 55 D EMA (now at 156.80) will argue that fall from 159.75
Daily Pivots: (S1) 157.63; (P) 157.95; (R1) 158.25; More…. Intraday bias in EUR/JPY remains neutral for the moment. Risk will be mildly on the downside as long as 158.64 resistance holds. Break of 156.57 support, and sustained trading below 55 D EMA (now at 156.80) will argue that fall from 159.75 is a larger scale
Daily Pivots: (S1) 157.47; (P) 157.70; (R1) 158.06; More…. Range trading continues in EUR/JPY and intraday bias remains neutral. Risk will be mildly on the downside as long as 158.64 resistance holds. Break of 156.57 support, and sustained trading below 55 D EMA (now at 156.80) will argue that fall from 159.75 is a larger
Daily Pivots: (S1) 156.92; (P) 157.41; (R1) 158.10; More…. Intraday bias in EUR/JPY remains neutral for the moment. Risk will be mildly on the downside as long as 158.64 resistance holds. Break of 156.57 support, and sustained trading below 55 D EMA (now at 156.73) will argue that fall from 159.75 is a larger scale
Daily Pivots: (S1) 157.58; (P) 157.91; (R1) 158.50; More…. EUR/JPY is still extending the sideway consolidation pattern and intraday bias remains neutral. On the downside, break of 156.85 will turn bias back to the downside for 55 D EMA (now at 156.36) and possibly below. On the upside, break of 159.75 will resume larger up