DAILY FORECAST FOR EURJPY Bias: I feel there is early risk of a retest at 135.36-71 but then end the day lower There is still early risk of seeing a push into the 135.36-71 area but I feel this will cap and generate losses by the end of the day. From there, or an earlier [...] [...more]
DAILY FORECAST FOR EURJPY Bias: The move lower this morning is suggesting a more bearish day today The 136.25 channel low was broken but then saw a pullback into the channel again. If yesterday’s 135.96 low breaks then the risk will be much lower. Minor support is seen at 135.28 but I suspect that a [...] [...more]
DAILY FORECAST FOR EURJPY Bias: This does seem to have a stronger bullish structure but wait for break of 133.41 Price declined to 131.50 and from there has rallied to the other end of the key range I detailed yesterday at 133.41. Of course we need to watch USDJPY carefully and a break above 95.35-50 [...] [...more]
DAILY FORECAST FOR EURJPY Bias: I still can’t rule out seeing 133.06 but I am more in favor of direct losses to 130.36-72 and 129.74 So far the 132.86-06 area has capped and cautiously with bearish divergences in hourly & 4-hour charts I remain bearish for a break below 132.12 to generate losses back to [...] [...more]
DAILY FORECAST FOR EURJPY Bias: I suspect the correction is complete and we should see losses to 126.07 & 123.85 The cap at 128.97 does seem important and I feel that we should now see the downside I have been arguing for. There is minor support at 127.03-46 and I doubt it will cause much [...] [...more]
DAILY FORECAST FOR EURJPY Bias: Mixed – waiting for breaks The depth of the pullback is suggesting that the uptrend may well be complete. While this does seem to imply more losses I’m not convinced these will be aggressive as yet. Watch the support between 129.85 and 130.92 which is in the span of the [...] [...more]
DAILY FORECAST FOR EURJPY Bias: Mixed – waiting for breaks – we may remain in a trading range The break above the 133.26-44 resistance did take price higher to stall at 133.96. This has caused a dip lower although it hasn’t been particularly strong yet. My own preference is for the consolidation to continue which [...] [...more]
DAILY FORECAST FOR EURJPY Bias: I look for a retest of 127.63 and while any pullback remains above 126.50 for gains to 128.62-68 We saw gains reach the 127.66 minimum target from where we have seen a correction. This remained above 125.52 and thus we should be seeing the last leg higher in the rally. [...] [...more]
DAILY FORECAST FOR EURJPY Bias: While 124.00-40 supports gains can move thru 126.07 for 127.25 else breach threatens larger losses The break back through 123.52 did generate follow through to just below the 125.76-126.06 resistance from where we have seen a pullback. While this remains above 124.00-40 there can still be an argument for gains [...] [...more]
DAILY FORECAST FOR EURJPY Bias: Above 120.45 would extend gains to 121.25-54 at least while below 119.00 sees losses Overall price movement was not quite in line with expectations although it did end higher and this morning has set a minor new high also. It is strengthening the bullish argument and a break above the [...] [...more]
