Logo-color Logo-white

EUR/JPY edged higher to 162.34 last week but retreated since then. Initial bias remains neutral this week and more consolidations could be seen. But further rally is expected as long as 158.87 support holds. On the upside, break of 162.34 will resume the rise from 154.77 to 164.89 resistance, as another rising leg in the […]

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

previous

USD/CHF Weekly Outlook

next

AUD/USD Daily Report

Read More

18/02/2025

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.05; (P) 151.75; (R1) 152.22; More… Intraday bias in USD/JPY remains neutral for the moment. Attention is still on 38.2% retracement of 139.57 to 158.86 at 151.4. Strong rebound from there will maintain near term bullishness. On the upside, break of 154.79 will revive the case that correction from 158.86 has completed […]
05/12/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 157.31; (P) 157.99; (R1) 158.99; More…. Intraday bias in EUR/JPY remains neutral for consolidations above 156.16 temporary low. Further decline is expected as long as 55 D EMA (now at 162.08) holds. On the downside, below 156.16 temporary low will resume the fall from 166.67 to 155.14 support first. Firm break there […]
14/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3655; (P) 1.3673; (R1) 1.3684; More… Intraday bias in USD/CAD stays neutral and outlook is unchanged. On the upside, break of 1.3761 resistance will argue that correction from 1.3845 has already completed. Intraday bias will be back to the upside to resume larger rally from 1.3176 through 1.3845. However, sustained trading below […]