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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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03/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6279; (P) 1.6316; (R1) 1.6342; More…. Range trading continues in EUR/AUD above 1.6211 short term bottom and intraday bias remains neutral. On the downside, firm break of 1.6211 support will resume the whole decline from 1.6742, as the third leg of the correction from 1.7062. On the upside, above 1.6403 will resume […]
05/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0821; (P) 1.0849; (R1) 1.0866; More… Intraday bias in EUR/USD is turned neutral with current retreat. Rise from 1.0723 is seen as the third leg of the corrective pattern from 1.0694. Above 1.0875 will target 1.0941/0980 resistance zone. On the downside, though, sustained trading below 55 4H EMA (now at 1.0814) will […]
19/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0713; (P) 1.0737; (R1) 1.0765; More…. Intraday bias in EUR/USD remains neutral and outlook is unchanged. More consolidations could be seen but further fall is expected as long as 55 4H EMA (now at 1.0763) holds. Fall from 1.0915 is seen as another leg in the larger corrective pattern. Below 1.0677 will […]