Logo-color Logo-white

Daily Pivots: (S1) 151.04; (P) 151.40; (R1) 151.98; More… Intraday bias in USD/JPY remains neutral for the moment. On the downside, break of 150.80 will turn bias back to the downside for deeper pull back to 55 D EMA (now at 149.65). On the upside, however, sustained break of 151.93 key resistance will confirm long […]

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

previous

GBP/USD Daily Outlook

next

EUR/USD Mid-Day Outlook

Read More

03/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 161.22; (P) 161.52; (R1) 161.76; More… USD/JPY’s rally continues today despite some loss of upside momentum. Intraday bias stays on the upside at this point. Current up trend should target 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. On the downside, below 160.95 minor support will turn intraday bias neutral […]
10/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 169.14; (P) 169.79; (R1) 170.52; More… Intraday bias in EUR/JPY remains neutral first. On the downside, break of 168.01 support will strengthen the case that rise from 164.31 has completed at 170.78 already. Intraday bias will be back on the downside for 167.31 support, and then 164.01. Nevertheless, break of 170.87 will […]
24/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2674; (P) 1.2710; (R1) 1.2736; More… Breach of 1.2685 minor support suggests short term topping at 1.2760 already. Intraday bias is mildly on the downside. Firm break of 55 4H EMA (now at 1.2661) will target near term channel support (now at 1.2563). On the upside, break of 1.2760 will resume the […]