Logo-color Logo-white

Daily Pivots: (S1) 149.81; (P) 150.23; (R1) 150.63; More… Intraday bias in USD/JPY remains neutral at this point and more consolidations would be seen below 150.78. Downside of retreat should be contained by 148.79 resistance turned support to bring another rally. Above 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. Decisive […]

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

previous

EUR/AUD Weekly Outlook

next

GBP/JPY Daily Outlook

Read More

16/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 184.82; (P) 185.29; (R1) 185.98; More… GBP/JPY is staying in tight range despite today’s dip and intraday bias remains neutral. Further rally is in favor as long as 182.73 minor support holds. Corrective pull back from 188.63 should have completed. Above 186.14 will resume the rebound from 178.32 to retest 188.63. In […]
08/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3433; (P) 1.3480; (R1) 1.3505; More… Immediate focus is now on 1.3439 in USD/CAD with current decline. Decisive break there will argue that rebound from 1.3176 has completed as a corrective move to 1.3605. Near term outlook will be turned bearish for 1.3357 support first. On the upside, though, break of 1.3524 […]
11/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2700; (P) 1.2719; (R1) 1.2749; More… Intraday bias in GBP/USD stays neutral as sideway trading continues. Considering bearish divergence condition in 4H MACD, firm break of 1.2680 support will turn bias back to the downside for 55 D EMA (now at 1.2651) and possibly below. Nevertheless, break of 1.2816 will resume the […]