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USD/JPY’s choppy rise from 151.86 resumed by breaching 157.70 resistance last week. Initial bias stays mildly on the upside this week. Further rally could be seen to retest 160.20 high. But upside should be limited there, at least on first attempt. On the downside, below 156.57 minor support will turn intraday bias neutral first. In […]

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

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EUR/AUD Daily Outlook

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14/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6146; (P) 1.6210; (R1) 1.6245; More… Intraday bias in EUR/AUD remains neutral at this point, and outlook stays bearish with 1.6418 resistance intact. On the downside, break of 1.6173 will resume the decline from 1.6742, as the third leg of the correction from 1.7062. Next target is 61.8% projection of 1.6679 to […]
11/05/2024

GBP/JPY Weekly Outlook

GBP/JPY’s rebound last week suggests that pullback from 200.53 has completed at 191.34 already. It’s now in the second leg of the corrective pattern from 200.53. Initial bias stays mildly on the upside this week for 197.40 resistance. On the downside, break of 193.82 will suggest that the third leg has started, and turn bias […]
15/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.78; (P) 153.08; (R1) 153.58; More… Intraday bias in USD/JPY remains on the upside at this point. Current up trend is in progress for 155.20 fibonacci projection level next. On the downside, below 153.37 minor support will turn intraday bias neutral and bring consolidations again, before staging another rally. In the bigger […]