Sep 16, 2022, 1:15+7:00

VOT Research Desk

Analytical Viewpoint EUR/JPY

Daily Pivots: (S1) 142.78; (P) 143.23; (R1)143.89; 

The EUR/intraday JPY’s bias is still neutral as the consolidation from 145.62 continues. It is possible that the pullback will be deeper.

However, a rally should start if the downside is restrained above the 138.38 resistance turned support. If the 61.8% projection of 124.37 to 144.26 from 133.38 is decisively broken at 145.67, it will open the door to long-term resistance at 149.76 and then 100% projection at 153.27. I

n the grand scheme of things, the third leg of the pattern from 109.30 is the upward trend from 114.42 (2020 low) (2016 low).

The next goal is 149.76 (2015 high). Even in the event of a significant pullback, the view will remain favorable as long as the 133.38 support holds.

Sep 15 2022, 10:01 GMT

VOT Research Desk

Analytical Viewpoint EUR/JPY

Daily Pivots: (S1) 141.95; (P) 143.21; (R1) 144.13;  

As of 145.62, the EUR/JPY is still consolidating, and the intraday bias is still first neutral. It is possible that the pullback will be deeper.

However, a rally should start if the downside is restrained above the 138.38 resistance turned support. If the 61.8% projection of 124.37 to 144.26 from 133.38 is decisively broken at 145.67, it will open the door to long-term resistance at 149.76 and then 100% projection at 153.27.

In the grand scheme of things, the third leg of the pattern from 109.30 is the upward trend from 114.42 (2020 low) (2016 low). The next goal is 149.76 (2015 high). As long as the 133.38 support holds, the picture will remain favourable even in the event of a significant pullback.

VOT Research Desk

Analytical Viewpoint EUR/JPY

Daily Pivots: (S1) 143.73; (P) 144.38; (R1) 144.73

Intraday predisposition in EUR/JPY is turned impartial with the ongoing retreat and a few combinations should have been visible. Be that as it may, the drawback ought to be contained above 138.38 Support turned help bring another meeting. On the potential gain, an unequivocal break of 61.8% projection of 124.37 to 144.26 from 133.38 at 145.67 will make ready to 149.76 long haul Resistance, and afterward a 100 percent projection at 153.27.

In the master plan, up pattern from 114.42 (2020 low) is viewed as the third leg of the example from 109.30 (2016 low). The following objective is 149.76 (2015 high). For the time being, the viewpoint will stay bullish as long as 133.38 Support holds, even if there should arise an occurrence of a profound pullback.