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USDJPY extends consolidation around August’s bar Technical signals weaken, cannot warrant a bullish trend reversal US retail sales, jobless claims due on Thursday at 12:30 GMT USDJPY reached a two-month high of 149.96, but it couldn’t hold its strength above the 200-day exponential moving average (EMA) at 149.40 on Tuesday. Over the past few days, […]

The post USDJPY Faces a Pass or Fail Test appeared first on Action Forex.

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EUR/JPY Daily Outlook

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22/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2955; (P) 1.3007; (R1) 1.3036; More… GBP/USD’s fall 1.3433 resumed by breaking 1.2973 temporary low and intraday bias is back on the downside. Sustained trading below 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) will argue that whole rise from 1.2298 has completed and bring deeper fall to 61.8% […]
22/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8666; (P) 0.8685; (R1) 0.8700; More…. Outlook in USD/CHF remains unchanged, with focus on 38.2% retracement of 0.9243 to 0.8332 at 0.8680, which coincides 55 D EMA (now at 0.8687). Decisive break there will turn near term outlook bullish for 61.8% retracement 0.8995. Nevertheless, break of 0.8565 minor support will turn intraday […]
19/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0846; (P) 1.0877; (R1) 1.0906; More… Intraday bias in EUR/USD remains neutral as consolidation continues above 1.0843 temporary ow. Outlook remains bearish with 1.0995 resistance intact. On the downside, break of 1.0843 will resume the fall from 1.1138 to 1.0722 support. Sustained break there will argue that whole rise from 1.0447 has […]