Each day Pivots: (S1) 147.94; (P) 148.32; (R1) 148.96; Extra….
Intraday bias in EUR/JPY stays impartial for the second, and outlook stays bullish. On the upside, break of 151.60 will resume bigger up pattern to 153.64 projection degree. However, agency break of 146.85 will affirm brief time period topping and switch bias to the draw back for deeper pull again.
Within the greater image, present improvement signifies that rise from 114.42 (2020 low) is in progress. Subsequent goal is 61.8% projection of 124.37 to 148.38 from 138.81 at 153.64. Sustained break there’ll pave the way in which to 100% projection at 162.82. For now, medium time period outlook will stay bullish so long as 138.81 help holds, even in case of deep pull again.
