Logo-color Logo-white

EUR/JPY’s strong rebound last week suggests that fall from 163.86 has completed at 155.14 already. Rise from there is seen as the third leg of the corrective pattern from 154.40. Initial bias stays on the upside this week for 163.86 resistance first. Break there will target 61.8% retracement of 175.41 to 154.40 at 167.38. On […]

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

previous

GBP/USD Mid-Day Outlook

next

EUR/AUD Weekly Outlook

Read More

24/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0656; (P) 1.0684; (R1) 1.0729; More… EUR/USD is still bounded in range trading above 1.0601 and intraday bias remains neutral. Strong resistance should be seen from 1.0723 to complete the corrective rise from 1.0601. Break of 1.0601 will resume the fall from 1.1138 to 100% projection of 1.1138 to 1.0694 from 1.0980 […]
07/07/2024

EUR/CHF Weekly Outlook

EUR/CHF’s rebound from 0.9476 extended to as high as 0.9754 last week and turned sideway since then. Initial bias remains neutral this week first for consolidations. Deeper retreat might be seen but further rise is in favor as long as 0.9639 support holds. Above 0.9754 will target 0.9928 high. Nevertheless, break of 0.9639 will turn […]
29/10/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.95; (P) 165.52; (R1) 166.32; More…. Intraday bias in EUR/JPY stays on the upside at this point, and rise fro 155.14 is in progress for 61.8% retracement of 175.41 to 154.40 at 167.38. Sustained break there will pave the way to retest 175.41 high. On the downside, below 163.79 minor support will […]