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Daily Pivots: (S1) 157.02; (P) 157.38; (R1) 157.78; More… USD/JPY is staying in range above 155.36 temporary low and intraday bias remains neutral. Further decline is expected with 158.85 resistance intact. Below 155.36 will target 38.2% retracement of 140.25 to 161.94 at 153.65. On the upside, above 158.85 resistance will turn bias back to the […]

The post USD/JPY Mid-Day Outlook appeared first on Action Forex.

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03/07/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6644; (P) 0.6657; (R1) 0.6681; More… Intraday bias in AUD/USD remains neutral as sideway consolidation from 0.6713 is still extending. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to […]
20/04/2024

USD/CAD Weekly Outlook

USD/CAD edged higher to 1.3845 last week but retreated since then. Initial bias remains neutral this week and more consolidations could be seen. Downside should be contained by 1.3660 support to bring another rally. On the upside, firm break of 1.3845 will resume the whole rally from 1.3716 to 1.3976 key resistance. In the bigger […]
25/04/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3662; (P) 1.3696; (R1) 1.3736; More… Intraday bias in USD/CAD stays neutral with focus on 1.3660 support. Strong rebound from current level will retain near term bullishness. Break of 1.3748 minor resistance will turn intraday bias back to the upside for retesting 1.3845 resistance. However, sustained break of 1.3660 will bring deeper […]