Logo-color Logo-white

Daily Pivots: (S1) 151.13; (P) 151.35; (R1) 151.64; More… Intraday bias in USD/JPY remains neutral as consolidation from 151.82 is still extending. Further rally is expected as long as 150.25 support holds. On the upside, decisive break of 151.93 key resistance will confirm long term up trend resumption. Next near term target will be 61.8% […]

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

previous

USD/JPY Mid-Day Outlook

next

EUR/USD Mid-Day Outlook

Read More

13/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.35; (P) 142.20; (R1) 142.66; More… USD/JPY’s decline resumed by breaking through 140.70 and intraday bias is back on the downside. Further fall should be seen to 139.26 fibonacci level. Decisive break there would carry larger bearish implications. On the upside, above 143.03 minor resistance will turn intraday bias neutral again first. […]
18/06/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9520; (P) 0.9544; (R1) 0.9572; More…. Intraday bias in EUR/CHF is turned neutral first with current recovery. Some consolidations would be seen first, but upside should be limited below 0.9683 resistance to bring another fall. On the downside, sustained trading below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 will raise the […]
17/08/2024

EUR/JPY Weekly Outlook

EUR/JPY’s rebound from 154.40 extended to 163.86 last week before forming a temporary top there. Initial bias is turned neutral this week for some consolidations. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, below […]