Each day Pivots: (S1) 155.28; (P) 156.28; (R1) 157.45; Extra….
Intraday bias in EUR/JPY stays mildly on the upside for retesting 157.99/158.03 resistance. Decisive break there’ll resume bigger up development to 162.82 projection degree subsequent. On the draw back, under 155.10 minor assist will flip intraday bias impartial once more. However outlook will stay bullish so long as 38.2% retracement of 139.05 to 157.99 at 150.77 holds, in case of one other dip.
Within the larger image, so long as 151.60 resistance turned assist holds, rise from 114.42 (2020 low) is in progress. On resumption, subsequent goal is 100% projection of 124.37 to 148.38 from 138.81 at 162.82. However, sustained break of 151.60 will argue that bigger correction is already underway. Deeper decline can be seen to 55 W EMA (now at 145.56).