Logo-color Logo-white

USD/JPY staged a strong rebound last week but lost momentum ahead of 153.26 resistance. Initial bias remains neutral this week and some consolidations could be seen. Further rise is expected as long as 55 4H EMA (now at 151.64) holds. Firm break of 153.26 will resume larger rise from 139.87 and target 100% projection of […]

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

previous

USD/CAD Mid-Day Outlook

next

USD/CHF Weekly Outlook

Read More

31/08/2024

EUR/USD Weekly Outlook

EUR/USD’s pull back from 1.1200 extend lower last week. Initial bias stays neutral this week with risk of deeper decline. But still, rally from 1.0665 is in favor to continue as long as 1.0947 resistance turned support holds. Above 1.1139 minor resistance will bring retest of 1.1200 first. Break there will target 1.1274 high next. […]
12/06/2025

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.3651; (P) 1.3671; (R1) 1.3691; More… USD/CAD’s decline resumed by breaking through 1.3633 support and intraday bias is back on the downside. Decisive break of 61.8% projection of 1.4414 to 1.3749 from 1.4014 at 1.3603 will pave the way to 100% projection at 1.3349. ON the upside, through, break of 1.3727 resistance […]
10/01/2025

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.36; (P) 162.90; (R1) 163.42; More… EUR/JPY is staying in consolidation below 164.89 and intraday bias remains neutral. Rise from 156.16, as a leg in the corrective pattern from 154.40, should continue as long as 160.89 support holds. On the upside, break of 164.89 will target 166.67, and above. However, firm break […]