Logo-color Logo-white

Daily Pivots: (S1) 154.57; (P) 154.71; (R1) 154.98; More… Intraday bias in USD/JPY remains mildly on the upside as up trend is extending. However, considering bearish divergence condition in 4H MACD, strong resistance should be seen from 155.20 fibonacci level to bring correction on first attempt. On the downside, break of 153.58 support will turn […]

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

previous

EUR/CHF Daily Outlook

next

USD/JPY Daily Outlook

Read More

17/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 204.94; (P) 205.37; (R1) 205.94; More… Intraday bias in GBP/JPY stays neutral for consolidation above 203.82 temporary low. Corrective fall from 208.09 short term top could still extend lower. Break of 203.82 would target 38.2% retracement of 191.34 to 208.09 at 201.69. Strong support is expected there to bring rebound. On the […]
05/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0840; (P) 1.0853; (R1) 1.0870; More… Range trading continues in EUR/USD and intraday bias remains neutral. On the upside, break of 1.0887 and sustained trading above 55 D EMA (now at 1.0831) will affirm the case that fall from 1.1138 has completed. Stronger rally would then be seen back to 1.1138. However, […]
03/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9732; (P) 0.9781; (R1) 0.9816; More… EUR/CHF’s break of 0.9748 support argues that rebound from 0.9563 has completed after rejection by 0.9847 resistance. Intraday bias is back on the downside. Further fall would be seen towards 0.9563 as the third leg of the corrective pattern from 0.9847. In the bigger picture, as […]