Birmingham , UK

EUR/JPY Mid-Day Outlook


Each day Pivots: (S1) 143.80; (P) 144.33; (R1) 145.17; Extra….

Intraday bias in EUR/JPY stays on the upside at this level. Decisive break of 145.62 resistance will will affirm up pattern resumption. Subsequent goal is 100% projection of 133.38 to 145.62 from 137.32 at 149.56, which is near 149.76 long run resistance. On the draw back, beneath 143.46 minor assist will flip intraday bias impartial first.

EUR/JPY Mid-Day Outlook

Within the larger image, so long as 133.38 assist holds, the up pattern from 114.42 (2020 low) might nonetheless lengthen by way of 145.62 excessive. In that case, subsequent goal is 149.76 (2015 excessive). Nevertheless, sustained break of 133.38 shall be an indication of medium time period bearish reversal and convey deeper fall to 124.37 assist first.

Leave a comment