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EN
EUR/JPY Daily Outlook
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Action Forex
Daily Pivots: (S1) 182.77; (P) 183.19; (R1) 183.81; More…Intraday bias in EUR/JPY remains neutral for consolidations above 181.76 temporary low.
Risk will stay on the downside as long as 186.86 holds, in case of strong recovery.
Deeper decline should then be seen to 38.2% retracement of 154.77 to 186.86 at 174.60.
Still, outlook will stay bullish as long as 55 W EMA (now at 173.32) holds, even in case of deep pullback.
Sustained break of 186.31 will pave the way to 78.6% projection at 194.88 next.