Eur/Jpy

[alley]

Daily Pivots: (S1) 98.17; (P) 98.67; (R1) 99.40

Intraday bias in EUR/JPY remains on the upside for the moment. Current rebound fro 94.11 short term bottom should extend to 38.2% retracement of 111.43 to 94.11 at 110.72 next. On the downside, below 97.96 minor support will turn bias neutral and bring consolidations first.

In the bigger picture, there is no clear sign of reversal yet and the downtrend from 2008 high of 169.96 could extend further lower to 90 psychological level. However, as we're favoring the case that pattern from 139.21 is a falling wedge with bullish convergence condition in weekly MACD. Fall from 111.43 should be the last leg in such pattern. Hence, we'll expect strong support above 88.96 to contain downside, form a major bottom and bring reversal. So, focus will remain on reversal signal. Meanwhile, break of 101.62 resistance will be an early sign of medium-term bottoming and will turn focus back to 111.43 key resistance for confirmation.

[Opplus]

Intraday bias in EUR/JPY remains on the upside for the moment. Current rebound fro 94.11 short term bottom should extend to 38.2% retracement of 111.43 to 94.11 at 110.72 next. On the downside, below 97.96 minor support will turn bias neutral and bring consolidations first.

[erespe]

EURJPY now moving slightly above the daily pivot (98.67). If it could break the pivot, then the pair is likely to fall towards 98.16. However, if it fails, eurjpy will move higher to the level 99.38 or higher.

[Tyler7]

Couple today has grown in value, after failed to break through the resistance 98.30, until after such strong growth can begin at any time southern correction (buy now late) it and I am looking to purchase.

[Emma]

pair confidently entered the Ichimoku cloud, breaking its upper limit, the course continues to practice Ichimoku signals to the north (on the daily chart), the main medium-term objective is now around 100.00.

[Gutsalo]

Yes indeed pair breaks the resistance level and after a little sludge shows steady growth ... so I think if the market will move slightly and there will be dead silence and we can see ... 101.30

[Opplus]

With 4 hours MACD crossed below signal line, intraday bias in EUR/JPY is turned neutral first. Another rise remains mildly in favor with 95.71 support intact. Above 98.40 minor resistance will turn bias back to the upside for 38.2% retracement of 111.43 to 94.11 at 110.72 next. However, break of 95.71 will indicate completion of such choppy rebound and argue that fall from 114.34 is resuming for another low below 94.11.

[erespe]

EURJPY is in a bull, soon if it break the pivot 98.08, this pair will likely rise towards 98.76 level. However, if it fails to break the pivot, the pair maybe fall to 97.76 or lower.

[m.awais]

I'm gonna be watching this pair during, and after, tomorrow morning's Sentix report and if it trends up I'm going to get in big on a couple long positions....,

[simpleforex68]

The price is in downtrend. It is testing the resistance level with horizontal resistance line and EMA 200. So, I think it is hard for the price to break out this resistance.