Logo-color Logo-white

Daily Pivots: (S1) 141.20; (P) 141.87; (R1) 143.04; More… USD/JPY is staying in consolidation above 140.70 temporary low and intraday bias remains neutral at this point. Outlook will remain bearish as long as 147.20 resistance holds. On the downside, break of 140.70 will resume the fall from 161.94 to 140.25 support, and possibly to 139.26 […]

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

previous

USD/CAD Daily Outlook

next

EUR/USD Mid-Day Outlook

Read More

09/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 145.96; (P) 146.76; (R1) 148.07; More… Intraday bias in USD/JPY stays neutral at this point. While further rise cannot be ruled out, outlook will stay bearish as long as 150.88 resistance holds. On the downside, below 144.04 minor support will bring retest of 141.67 first. Break there will resume the fall from […]
19/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.90; (P) 192.34; (R1) 192.77; More.. GBP/JPY is still bounded in established range despite today’s volatility. Intraday bias remains neutral. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 189.97 support will indicate that it’s at least correcting the rise from […]
21/01/2024

USD/CAD Weekly Outlook

USD/CAD rebounded further to 1.3540 last week, but retreated since then. Initial bias remains neutral this week for some consolidations first. Current development suggests that fall from 1.3897 has already completed. Further rally is expected as long as 1.3342 minor support holds. Above 1.3540 will target 1.3617 cluster resistance (61.8% retracement of 1.3897 to 1.3176 […]