Scroll Top

EUR/JPY Every day Outlook


Every day Pivots: (S1) 155.14; (P) 155.64; (R1) 156.41; Extra….

Intraday bias in EUR/JPY stays mildly on the upside, as rebound from 153.32 is in progress for retesting 157.99 excessive. Agency break there’ll resume bigger up pattern. On the draw back, break of 153.32 will lengthen the pull again from 157.99 to 55 D EMA (now at 152.87) and presumably under.

Within the greater 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.

Featured Evaluation

Leave a comment