Logo-color Logo-white

Daily Pivots: (S1) 148.15; (P) 149.15; (R1) 149.69; More… USD/JPY’s currently steep decline suggests rejection by near term falling channel resistance. Immediate focus is now on 148.22 minor support. Firm break there will indicate that corrective rebound from 146.52 has completed and bring retest of this low first. Sustained trading below 61.8% retracement of 139.57 […]

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

previous

GBP/USD Daily Outlook

next

GBP/JPY Daily Outlook

Read More

24/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0794; (P) 1.0827; (R1) 1.0850; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, break of 1.0894 will resume the rise from 1.0601 to 1.0980 resistance. Decisive break there will confirm that whole fall from 1.1138 has completed at 1.0601 already. However, firm break of 1.0810 will dampen […]
25/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8413; (P) 0.8452; (R1) 0.8472; More… No change in USD/CHF’s outlook as range trading continues. Intraday bias stays neutral for the moment. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, break of 0.8548 resistance […]
08/03/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6580; (P) 0.6602; (R1) 0.6643; More… AUD/USD’s rebound extends to as high as 0.6629 so far today, breaking 38.2% retracement of 0.6877 to 0.6442 at 0.6605. Current upside acceleration as seen in 4H MACD indicates that further rally is underway. Intraday bias stays on the upside for 61.8% retracement at 0.6707 next. […]