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USD/JPY’s fall from 158.86 resumed by breaking through 150.29 support last week. The development suggests that whole rally from 139.57 has completed with three waves up to 158.86. Fall from there is now seen as the third leg of the pattern from 161.94 high. Initial bias stays on the downside this week for 61.8% retracement […]

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

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25/09/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9401; (P) 0.9429; (R1) 0.9456; More…. Intraday bias in EUR/CHF remains neutral for the moment, and another rally is still in favor as long as 0.9305 support holds. On the upside, above 0.9502 will resume the rally from 0.9305, as the third leg of the pattern from 0.9209, to 0.9579 resistance. However, […]
19/02/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2560; (P) 1.2592; (R1) 1.2634; More… Intraday bias in GBP/USD remains neutral for the moment and outlook is unchanged. On the upside, break of 1.2691 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of 1.2499 will argue […]
31/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2693; (P) 1.2721; (R1) 1.2760; More… Intraday bias in GBP/USD remains neutral at this point and some more consolidations could be seen. Further rise is expected as long as 1.2670 support holds. Above 1.2799 will resume the rally from 1.2298 and target 1.2892 resistance. However, break of 1.2670 will indicate short term […]