USD/CAD’s decline from 1.4791 resumed last week but lost momentum again ahead of 61.8% projection of 1.4414 to 1.3749 from 1.4014 at 1.3603. Initial bias is turned neutral this week first. Considering bullish convergence condition in 4H MACD, firm break of 1.3741 will indicate short term bottoming. Stronger rebound then be seen to 1.4014 resistance, […]
The post USD/CAD Weekly Outlook appeared first on Action Forex.
GBP/JPY stayed in sideway trading below 196.38 last week. Initial bias stays neutral this week first. Further rise is in favor as long as 191.86 support holds. Firm break of 196.38 will resume whole rally from 184.35 to 199.79 resistance, and possibly further to 100% projection of 180.00 to 199.79 from 184.35 at 204.14. In […]
The post GBP/JPY Weekly Outlook appeared first on Action Forex.
EUR/JPY’s rebound from 161.06 continued last week and breached 165.19 resistance. Initial bias stays on the upside this week. Further rally would be seen to 166.67 resistance, and possibly further to 61.8% retracement of 175.41 to 154.77 at 167.38. For now, near term outlook will stay mildly bullish as long as 162.87 support holds, in […]
The post EUR/JPY Weekly Outlook appeared first on Action Forex.
End of content
End of content