Logo-color Logo-white

USD/JPY’s rally resumed last week and edged higher to 151.82, but turned sideway since then. Initial bias stays neutral this week for more consolidations. Further rally is expected as long as 55 4H EMA (now at 150.11) holds. On the upside, decisive break of 151.93 key resistance will confirm long term up trend resumption. Next […]

The post USD/JPY Weekly Outlook appeared first on Action Forex.

previous

USD/CHF Daily Outlook

next

USD/CAD Weekly Outlook

Read More

26/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8450; (P) 0.8472; (R1) 0.8491; More…. EUR/GBP’s fall from 0.8624 is in progress and intraday bias stays on the downside. for retesting 0.8382 low. Decisive break there will resume larger down trend. On the upside, above 0.8507 support turned resistance will turn intraday bias neutral first.8507 support turned resistance will turn intraday […]
19/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3145; (P) 1.3221; (R1) 1.3290; More… Intraday bias in GBP/USD remains on the upside at this point. Current rally should target 61.8% projection of 1.2664 to 1.3265 from 1.3000 at 1.3371 in the near term. Firm break there will pave the way to 100% projection at 1.3601 next. On the downside, however, […]
10/08/2024

EUR/AUD Weekly Outlook

EUR/AUD retreated sharply after initial surge to 1.7180, but downside is held above 1.6474 support so far. Further rise is still expected. On the upside, above 1.6798 minor resistance will bring retest of 1.7180 resistance first. Firm break there will resume larger up trend to 1.7715 fibonacci projection level next. In the bigger picture, corrective […]