Logo-color Logo-white

Daily Pivots: (S1) 153.78; (P) 154.32; (R1) 155.38; More… USD/JPY’s break of 156.74 resistance confirms resumption of whole rally from 139.57. Intraday bias stays on the upside for 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25 next. On the downside, below 154.91 minor support will turn intraday bias neutral again first. But outlook […]

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

previous

EUR/USD Daily Outlook

next

EURJPY Wave Analysis

Read More

24/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8444; (P) 0.8455; (R1) 0.8467; More… Intraday bias in EUR/GBP remains neutral and consolidation from 0.8396 could extend further. But outlook will stay bearish as long as 0.8482 support turned resistance holds. On the downside, below 0.8429 minor support will bring retest of 0.8396 low first. Further break there will resume larger […]
14/02/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0750; (P) 1.0778; (R1) 1.0800; More… EUR/USD’s fall from 1.1138 resumed by breaking 1.0722 support today. More importantly, current development argues that whole rise from 1.0477 has already finished. Intraday bias is back on the downside for 1.0447. On the upside, break of 1.0804 resistance is needed to signal short term bottoming. […]
31/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.86; (P) 153.54; (R1) 154.43; More… USD/JPY’s fall from 161.94 accelerates lower again to as low as 149.77 so far. Intraday bias stays on the downside for 148.66 fibonacci level, which is close to medium term channel support (now at 148.22). Strong support could be seen there to bring rebound. But break […]