Logo-color Logo-white

Daily Pivots: (S1) 179.55; (P) 180.56; (R1) 181.32; More… Intraday bias in GBP/JPY remains neutral as range trading continues. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at 173.46. However, decisive break of 184.15 […]

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

previous

USD/JPY Mid-Day Outlook

next

EUR/JPY Daily Outlook

Read More

13/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 155.84; (P) 156.61; (R1) 157.49; More… No change in USD/JPY’s outlook as range trading continues. Intraday bias remains neutral. On the downside, break of 154.53 will turn bias to the downside for 151.86 support and possibly below, as the third leg of the corrective pattern from 160.20. On the upside, break of […]
21/07/2024

USD/CAD Weekly Outlook

USD/CAD’s strong rally last week suggests that consolidative pattern from 1.3845 has completed with three waves to 1.3588, after being supported by 38.2% retracement of 1.3716 to 1.3845 at 1.3589 Initial bias stays on the upside this week for 1.3790 resistance first. Firm break there will likely resume whole rally from 1.3176 to 61.8% projection […]
13/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0915; (P) 1.0927; (R1) 1.0944; More….. Immediate focus is on 1.0944 minor resistance in EUR/USD. Firm break there will indicate that pullback from 1.1007 has completed at 1.0880 already. Retest of 1.1007 should be seen first. Further break there will resume rally from 1.0665 to 100% projection of 1.0665 to 1.0947 from […]