Logo-color Logo-white

USD/JPY’s fall from 161.94 accelerated lower last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 140.25 support next. On the upside, above 150.88 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another fall. In the bigger picture, the strong break […]

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

previous

EUR/CHF Weekly Outlook

next

USD/JPY Daily Outlook

Read More

29/11/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 148.26; (P) 148.97; (R1) 149.40; More… Intraday bias in USD/JPY remains on the downside for the moment. Fall from 151.89 should be resuming, and should target 147.14 support first. Further break of 61.8% projection of 151.89 to 147.14 from 149.66 at 146.72will pave the way to 100% projection at 149.91, which is […]
26/06/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 159.33; (P) 159.55; (R1) 159.90; More… Outlook in USD/JPY remains unchanged and intraday bias stays neutral first. Further rise will remain in favor as long as 157.70 resistance turned support holds. Sustained break of 106.20 and 100% projection of 151.86 to 157.70 from 154.53 at 160.37 will confirm long term up trend […]
19/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0942; (P) 1.0980; (R1) 1.1010; More….. Intraday bias in EUR/USD is back on the upside as rise from 1.0665 is resuming through 1.1046. Firm break of 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058 could prompt upside acceleration through 1.1138 resistance to 161.8% projection at 1.1232. However, considering bearish divergence […]