Logo-color Logo-white

USD/JPY’s fall from 158.86 extended lower last week but downside momentum was somewhat limited by near term falling channel. Still, initial bias stays on the downside this week. Sustained trading below 61.8% retracement of 139.57 to 158.86 at 146.32 will pave the way to 139.57 support. On the upside, 149.32 minor resistance will turn intraday […]

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

previous

EUR/GBP Weekly Outlook

next

USD/JPY Daily Outlook

Read More

16/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0942; (P) 1.0980; (R1) 1.1010; More….. EUR/USD is staying in consolidation below 1.1046 and intraday bias remains neutral. Another rally is in favor as long as 1.0880 support holds. Firm break of 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058 could prompt upside acceleration through 1.1138 resistance to 161.8% projection […]
10/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2645; (P) 1.2677; (R1) 1.2709; More… Intraday bias in GBP/USD stays mildly on the upside at this point. Rebound from 1.2538 is in progress for 1.2802 resistance first. On the downside, though, below 1.2648 minor support will turn intraday bias neutral again. In the bigger picture, price actions from 1.3141 medium term […]
15/01/2025

GBP/JPY Daily Outlook

Daily Pivots: (S1) 192.00; (P) 192.50; (R1) 193.51; More… Intraday bias in GBP/JPY remains neutral for the moment and outlook is unchanged. Rebound from 188.07 could have completed at 198.94 already. Risk will stay on the downside as long as 194.18 support turned resistance holds. Below 190.06 will target 188.07 support. Firm break there will […]