Logo-color Logo-white

Daily Pivots: (S1) 160.82; (P) 161.82; (R1) 163.07; More… EUR/JPY recovered after dipping to 160.54 and intraday bias is turned neutral first. On the downside, below 160.54 will resume the fall from 163.70 to 38.2% retracement of 153.15 to 163.70 at 159.66. Sustained break there will indicate that fall from 163.70 is reversing whole rise […]

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

previous

AUD/USD Daily Report

next

USD/JPY Mid-Day Outlook

Read More

20/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8531; (P) 0.8543; (R1) 0.8554; More… EUR/GBP is still bounded in range trading and intraday bias stays neutral. On the downside, decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. However, firm break of 0.8577 will turn bias back to the upside for […]
05/06/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 154.13; (P) 155.31; (R1) 156.07; More…. Intraday bias in USD/JPY is turned neutral first as it recovered after dipping to 154.53. But risk will stay on the downside as long as 157.70 resistance holds. Fall from there is seen as the third leg of the corrective pattern from 160.20. On the downside, […]
03/03/2024

EUR/GBP Weekly Outlook

EUR/GBP recovered last week but failed to break through 0.8577 so far. Initial bias remains neutral this week first. Considering bullish convergence condition in D MACD, decisive break of 0.8577 and 55 D EMA (now at 0.8574) will argue that fall from 0.8764 has completed. Intraday bias will be back on the upside for rebound […]