Logo-color Logo-white

Daily Pivots: (S1) 1.3603; (P) 1.3622; (R1) 1.3639; More… Intraday bias in USD/CAD stays on the downside for 1.3588 structural support. Strong support could be seen from there to bring reversal. On the upside, above 1.3686 minor resistance will turn intraday bias back to the upside for stronger rebound. However, decisive break of 1.3588 will […]

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

previous

EUR/JPY Daily Outlook

next

USD/JPY Mid-Day Outlook

Read More

08/03/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.28; (P) 148.34; (R1) 149.08; More… Intraday bias in USD/JPY remains on the downside at this point. Sustained break of 38.2% retracement of 140.25 to 150.87 at 146.81 will argue that fall from 150.87 is reversing the whole rally from 140.25. In this case, deeper decline would be seen to 61.8% retracement […]
19/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.33; (P) 147.92; (R1) 148.75; More… Intraday bias in USD/JPY is turned neutral first with 4H MACD crossed below signal line. Some consolidations would be seen first. But retreat should be contained above 144.34 support to bring another rally. Break of 148.51 temporary top will resume the rise from 140.25 to retest […]
10/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 160.85; (P) 161.18; (R1) 161.63; More… USD/JPY is still staying in range below 161.95 and intraday bias remains neutral. Further rally is expected with 160.25 minor support intact. On the upside, break of 161.94 will resume larger up trend to 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. Nevertheless, break […]