Logo-color Logo-white

Daily Pivots: (S1) 151.30; (P) 152.07; (R1) 152.58; More… Intraday bias in USD/JPY remains neutral for consolidations below 153.18 temporary top. Further rise is in favor as long as 151.18 minor support holds. Decisive break of 61.8% retracement of 161.94 to 139.57 at 153.39 will extend the rally from 139.57 to retest 161.94 high. However, […]

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

previous

EUR/CHF Daily Outlook

next

EUR/USD Weekly Outlook

Read More

25/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 142.67; (P) 143.67; (R1) 144.23; More… Further rally remains in favor in USD/JPY with 141.73 minor support intact, despite loss of upside momentum as seen in 4H MACD. Rebound from 139.57 short term bottom should extend to 38.2% retracement of 161.94 to 139.57 at 148.11. On the downside, below 141.73 will turn […]
14/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0800; (P) 1.0848; (R1) 1.0924; More… EUR/USD’s break of 1.0827 minor resistance suggests that pull back from 1.1016 has completed at 1.0722 already, after drawing support from 55 D EMA. Intraday bias is back on the upside for 1.1016 resistance first. Firm break there will resume whole rally from 1.0447 to retest […]
07/09/2024

EUR/JPY Weekly Outlook

EUR/JPY’s fall from 163.86 extended lower last week and the development suggests that rebound from 154.40 has completed at 163.86, ahead of 55 D EMA. Initial bias remains on the downside this week for retesting 154.40. Break there will resume the whole decline from 175.41 to 153.15 support. On the upside, above 160.01 support turned […]