Logo-color Logo-white

USD/JPY’s strong rebound and break of 38.2% retracement of 161.94 to 139.57 at 148.11 argued that fall from 161.94 has completed already. Rise from 139.57 is now seen as the second leg of the corrective pattern from 161.94. Initial bias stays on the upside this week and further rally should be seen to 61.8% retracement […]

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

previous

EUR/GBP Weekly Outlook

next

USD/CAD Daily Outlook

Read More

25/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2642; (P) 1.2694; (R1) 1.2740; More… Immediate focus is now on 1.2784 minor resistance in GBP/USD. Decisive break there will suggest that consolidation pattern from 1.2826 has completed. Further rise should be seen through 1.2826 to resume the rise from 1.2036. Next target will be 1.3141 high. in case of another fall, […]
19/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 142.15; (P) 142.66; (R1) 143.30; More… No change in USD/JPY for now despite today’s strong recovery. Upside 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 136.63. In the bigger picture, fall […]
16/09/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9371; (P) 0.9404; (R1) 0.9437; More…. Intraday bias in EUR/CHF remains neutral for moment, and outlook stays bearish as long as 0.9444 resistance holds. On the downside, below 0.9305 will resume the fall from 0.9579 to retest 0.9209 low. Firm break there will resume larger down trend. However, decisive break of 0.9444 […]