Logo-color Logo-white

Daily Pivots: (S1) 158.00; (P) 158.99; (R1) 160.19; More…. Intraday bias in EUR/JPY remains mildly on the upside for the moment. Rise from 155.14 is seen as the third leg of the corrective pattern from 154.40. Further rally would be seen to 163.89, and possibly further to 61.8% retracement of 175.41 to 154.40 at 167.38. […]

The post EUR/JPY Daily Outlook appeared first on Action Forex.

previous

EUR/CHF Daily Outlook

Read More

03/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2638; (P) 1.2663; (R1) 1.2710; More… GBP/USD’s rebound from 1.2612 resumes today and the break of 1.2705 resistance suggests that pull back from 1.2859 has completed. More importantly, rise from 1.2298 is not over. Intraday bias is back on the upside for retesting 1.2859 high first. For now, risk will stay on […]
01/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.21; (P) 147.86; (R1) 148.88; More… Intraday bias in USD/JPY remains neutral for the moment. On the upside, sustained break of 55 4H EMA (now at 148.54) will argue that corrective fall from 151.89 has completed with three waves down to 146.65. Intraday bias would be back on the upside for 149.66 […]
10/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2678; (P) 1.2722; (R1) 1.2753; More… GBP/USD is staying in sideway trading below 1.2826 and intraday bias remains neutral at this point. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, […]