Logo-color Logo-white

USD/JPY’s rebound last week suggests short term bottoming at 139.57. just ahead of 139.26 key fibonacci level. Initial bias remains mildly on the upside this week. Further rise would be seen to 38.2% retracement of 161.94 to 139.57 at 148.11. On the downside, below 141.73 minor support will turn bias to the downside for retesting […]

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

previous

GBP/USD Mid-Day Outlook

next

EUR/AUD Weekly Outlook

Read More

22/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 187.63; (P) 187.94; (R1) 188.57; More… Intraday bias in GBP/JPY is turned neutral first with a temporary top formed at 188.89. Further rally is expected as long as 186.14 resistance turned support holds. ON the upside, break of 188.89, and sustained trading above 188.63 will confirm up trend resumption. Next target is […]
12/11/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0614; (P) 1.0671; (R1) 1.0713; More… Intraday bias in EUR/USD stays on the downside at this point. Sustained trading below 61.8% projection of 1.1213 to 1.0760 from 1.0936 at 1.0656 will extend the fall from 1.1213 to 100% projection at 1.0483. On the upside, above 1.0727 minor resistance will turn intraday bias […]
19/11/2024

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 162.81; (P) 163.40; (R1) 164.52; More…. EUR/JPY’s fall from 166.67 resumed after brief consolidations, and intraday bias is back on the downside. As noted before, corrective rebound from 154.40 could have completed with three waves up to 166.77 already, ahead of 61.8% retracement of 175.41 to 154.40 at 167.38. Deeper decline would […]