Logo-color Logo-white

USD/JPY edged lower to 154.77 last week but turned sideway away. Initial bias stays neutral this week. On the downside, break of 154.77 will resume the fall from 158.86 short term top to 38.2% retracement of 139.57 to 158.86 at 151.49 next. On the upside, however, break of 156.74 will indicate strong support from 55 […]

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

previous

EUR/GBP Weekly Outlook

next

AUD/USD Daily Report

Read More

06/01/2025

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6529; (P) 1.6562; (R1) 1.6614; More… Intraday bias in EUR/AUD remains neutral for the moment. Strong support could be seen from 38.2% retracement of 1.5963 to 1.6800 at 1.6480 to bring rebound. But near term risk will stay mildly on the downside as long as 1.6800 resistance holds, in case of extended […]
19/11/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2629; (P) 1.2658; (R1) 1.2707; More… Intraday bias in GBP/USD is turned neutral as consolidation from 1.2596 extends. Outlook will stay bearish as long as 12.842 support turned resistance holds. Break of 1.2596 will resume the fall from 1.3433 to 100% projection of 1.3433 to 1.2842 to 1.3047 at 1.2456. In the […]
21/09/2024

USD/JPY Weekly Outlook

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 […]