Logo-color Logo-white

Daily Pivots: (S1) 151.90; (P) 152.25; (R1) 152.86; More… USD/JPY’s strong break of 153.70 support turned resistance should confirm that corrective pull back from 158.86 has completed at 150.92. That came after drawing support from 38.2% retracement of 139.57 to 158.86 at 151.49. Intraday bias is back on the upside for retesting 158.86. Firm break […]

The post USD/JPY Mid-Day Outlook appeared first on Action Forex.

previous

EUR/USD Mid-Day Outlook

next

GBP/USD Daily Outlook

Read More

29/06/2024

AUD/USD Weekly Report

AUD/USD extended consolidation from 0.6713 last week and outlook remains unchanged. Initial bias stays neutral this week first. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance next. However, sustained […]
20/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 142.41; (P) 143.68; (R1) 145.12; More… Outlook in USD/JPY is unchanged and intraday bias stays neutral at this point. Upside of current recovery should be limited below 156.48 resistance to bring another decline. Firm break of 140.94 will resume the whole fall from 151.89. Next target will be next fibonacci level at […]
20/02/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0765; (P) 1.0777; (R1) 1.0792; More… EUR/USD’s break of 1.0804 resistance suggests short term bottoming at 1.0694, on bullish convergence condition in 4H MACD. Intraday bias is back on the upside for stronger rebound. Sustained above 55 D EMA (now at 1.0833) will argue that fall from 1.1138 has completed and target […]