Daily Pivots: (S1) 162.42; (P) 163.04; (R1) 163.73; More… Intraday bias in EUR/JPY stays on the upside for the moment. Corrective pattern from 154.04 is extending with another rising leg. Further rise should be seen to 166.67 resistance next. For now, risk will stay on the upside as long as 159.79 support holds, in case […]

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EUR/JPY’s rally from 156.16 extended higher last week. The development is in line with the case that corrective pattern from 154.04 is extending with another rising leg. Initial bias stays on the upside for 166.67 resistance next. For now, risk will stay on the upside as long as 159.79 support holds, in case of retreat. […]

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Daily Pivots: (S1) 160.74; (P) 162.27; (R1) 164.69; More… Intraday bias in EUR/JPY stays on the upside as rise from 156.16 is in progress. Corrective pattern from 154.40 is extending with another up-leg. Further rise should be seen to 166.67 resistance and possibly above. For now, risk will stay on the upside as long as […]

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Daily Pivots: (S1) 159.49; (P) 160.52; (R1) 161.24; More… EUR/JPY’s rally from 156.16 resumed after brief retreat and intraday bias is back on the upside. Corrective pattern from 154.40 is extending with another up-leg. Further rise should be seen to 166.67 resistance and possibly above. For now, risk will stay on the upside as long […]

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Daily Pivots: (S1) 160.39; (P) 161.43; (R1) 162.09; More… Intraday bias in EUR/JPY stays neutral for consolidations below 162.46 temporary top. Another rise is in favor as long as 159.09 support holds. Sideway pattern from 154.40 might still be in progress with another rising leg. Break of 162.46 will target 166.67 resistance. Nevertheless, break of […]

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Daily Pivots: (S1) 161.40; (P) 161.80; (R1) 162.47; More… Intraday bias in EUR/JPY is turned neutral first with current retreat. Another rise is in favor as long as 159.09 support holds. Sideway pattern from 154.40 might still be in progress with another rising leg. Break of 162.46 will target 166.67 resistance. Nevertheless, break of 159.09 […]

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Daily Pivots: (S1) 160.16; (P) 160.86; (R1) 162.07; More… Intraday bias in EUR/JPY remains on the upside as rise from 156.16 is in progress. Sideway pattern from 154.40 might still be in progress, and is extending with another rising leg. Sustained break of 55 D EMA (now at 161.68) will pave the way to 166.67 […]

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EUR/JPY’s rebound from 156.16 extended higher last week and the development dampened the original bearish view. Sideway pattern from 154.40 might still be in progress, and is extending with another rising leg. Initial bias is mildly on the upside this week. Sustained break of 55 D EMA (now at 161.69) will pave the way to […]

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Daily Pivots: (S1) 159.08; (P) 159.81; (R1) 160.52; More… No change in EUR/JPY’s outlook. While rebound from 156.16 might extend higher, it’s still seen as a corrective rise. Further decline is expected as long as 55 D EMA (now at 161.65) holds. On the downside, below 157.85 minor support will bring retest of 156.16 first. […]

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Daily Pivots: (S1) 158.88; (P) 159.79; (R1) 160.93; More… Outlook in EUR/JPY remains unchanged as rise from 156.16 is seen as a corrective recovery. Further decline is expected as long as 55 D EMA (now at 161.76) holds. On the downside, below 157.85 minor support will bring retest of 156.16 first. Break there will target […]

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Daily Pivots: (S1) 159.53; (P) 159.80; (R1) 160.25; More… No change in EUR/JPY’s outlook. While recovery from 156.16 might extend, further decline is expected as long as 55 D EMA (now at 161.83) holds. On the downside, below 157.85 minor support will bring retest of 156.16 first. Break there will target 154.40 low next. In […]

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Daily Pivots: (S1) 158.31; (P) 159.16; (R1) 160.44; More… Intraday bias in EUR/JPY stays neutral at this point. While recovery from 156.16 could extend higher, outlook will stay bearish as long as 55 D EMA (now at 161.83) holds. On the downside, below 157.85 minor support will bring retest of 156.16 first. Break there will […]

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Daily Pivots: (S1) 157.92; (P) 158.75; (R1) 159.40; More… Intraday bias in EUR/JPY stays neutral for the moment. While recovery from 156.16 could extend higher, outlook will stay bearish as long as 55 D EMA (now at 161.87) holds. On the downside, below 157.54 minor support will bring retest of 156.16 first. Break there will […]

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EUR/JPY edged lower to 156.16 last week as fall from 166.67 extended, but recovered since then. Initial bias remains neutral this week first. While further recovery cannot be ruled out, outlook will stay bearish as long as 55 D EMA (now at 162.11) holds. On the downside, below 157.54 minor support will bring retest of […]

The post EUR/JPY Weekly Outlook appeared first on Action Forex.

Daily Pivots: (S1) 157.85; (P) 158.62; (R1) 159.68; More…. Intraday bias in EUR/JPY remains neutral first. While, recovery from 156.16 might extend, further decline is expected as long as 55 D EMA (now at 162.01) holds. On the downside, below 157.54 minor support will bring retest of 156.16 first. Break there will target 154.40 low […]

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Daily Pivots: (S1) 157.31; (P) 157.99; (R1) 158.99; More…. Intraday bias in EUR/JPY remains neutral for consolidations above 156.16 temporary low. Further decline is expected as long as 55 D EMA (now at 162.08) holds. On the downside, below 156.16 temporary low will resume the fall from 166.67 to 155.14 support first. Firm break there […]

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Daily Pivots: (S1) 156.26; (P) 157.12; (R1) 158.07; More…. Intraday bias in EUR/JPY is turned neutral first with current recovery, and some consolidations would be seen. Further decline is expected as long as 55 D EMA (now at 162.38) holds. On the downside, below 156.16 temporary low will resume the fall from 166.67 to 155.14 […]

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Daily Pivots: (S1) 156.06; (P) 157.35; (R1) 158.32; More…. EUR/JPY’s fall from 166.67 is still in progress and intraday bias remains on the downside for 155.14 support first. Firm break there will raise the chance that whole decline from 175.41 is resuming, and target 154.40 low next. On the upside, above 158.63 minor resistance will […]

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Daily Pivots: (S1) 157.63; (P) 158.80; (R1) 159.55; More…. Intraday bias in EUR/JPY remains on the downside, as fall from 166.67 is in progress for 155.14 support first. Firm break there will raise the chance that whole decline from 175.41 is resuming, and target 154.40 low next. On the upside, above 159.08 minor resistance will […]

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Daily Pivots: (S1) 159.49; (P) 159.92; (R1) 160.36; More…. EUR/JPY’s fall from 166.67 is in progress today and intraday bias stays on the downside. As noted before, corrective rebound from 154.40 could have completed with three waves up to 166.67. Deeper decline would be seen to 155.14 support next. On the upside, above 160.32 minor […]

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