Every day Pivots: (S1) 157.72; (P) 158.60; (R1) 159.12; Extra….
EUR/JPY’s steep fall and break of 157.64 minor help signifies quick time period topping at 159.47, on bearish divergence situation in 4H MACD. Intraday bias is again on the draw back for 55 D EMA (now at 155.62) first. For now, threat will keep mildly on the draw back so long as 159.47 holds, in case of restoration.
Within the greater image, rise from 114.42 (2020 low) is in progress. Subsequent goal is 100% projection of 124.37 to 148.38 from 139.05 at 163.06. Sustained break there’ll pave the best way to retest long run resistance at 169.96. This may now stay the favored case so long as 151.39 help holds, even in case of deep pull again.