Logo-color Logo-white

Daily Pivots: (S1) 152.07; (P) 152.72; (R1) 153.30; More… USD/JPY recovers notably today but stays below 154.70 temporary top. Intraday bias remains neutral at this point. Further rise is expected as long as 151.27 support holds. Above 154.70 will resume the rally from 139.57 towards 161.94 high. However, considering bearish divergence condition in 4H MACD, […]

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

previous

USD/CAD Daily Outlook

next

GBP/JPY Daily Outlook

Read More

17/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 204.94; (P) 205.37; (R1) 205.94; More… Intraday bias in GBP/JPY stays neutral for consolidation above 203.82 temporary low. Corrective fall from 208.09 short term top could still extend lower. Break of 203.82 would target 38.2% retracement of 191.34 to 208.09 at 201.69. Strong support is expected there to bring rebound. On the […]
01/11/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8378; (P) 0.8413; (R1) 0.8472; More… Immediate focus stays on 0.8433 resistance in EUR/GBP. Sustained break there will confirm short term bottoming at 0.8294. Further rally should be seen towards 0.8624 resistance next. On the downside, below 0.8381 minor support will bring retest o f0.8294 low instead. In the bigger picture, down […]
15/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 179.23; (P) 180.22; (R1) 182.10; More… GBP/JPY recovered after dipping to 178.32 and intraday bias is turned neutral first. Deeper decline is expected as long as 184.30 resistance holds. Break of 178.32 will resume the whole decline from 188.63. Sustained break of 178.02 will pave the way to 38.2% retracement of 148.93 […]