Action Insight is the most popular section of the site, read by traders around the world. Our team of analysts work around the clock, analyzing the markets from technical and fundamental perspectives in providing the reports in this section to you.
- Market overviews covers major happenings in the markets as well as their impacts.
- Technical analysis of specific currency pair will be found in the technical outlook section. Covered pairs include EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, EUR/JPY, EUR/CHF, EUR/GBP, GBP/JPY
- Special reports covers medium to longer term forecasts on exchange rates based on fundamentals, central bank meetings previews and reviews, plus any current issues that will have an impact on exchange rates.
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USDJPY Outlook |
Written by ActionForex.com |
May 20 13 13:29 GMT
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With 101.82 minor support intact, further rise is still expected in USD/JPY and current rally is targeting 61.8% projection of 77.13 to 96.70 from 92.56 at 104.65 next. On the downside, though, below 101.82 will indicate short term topping and bring deeper pull back, possibly back towards 99.94 resistance turned support. But downside should be contained there to bring rally resumption.
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USDJPY Outlook |
Written by ActionForex.com |
May 20 13 05:04 GMT
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USD/JPY loses some momentum and dips sharply today and further rise is still in favor with 101.82 minor support intact. Current rally is expected to continue to 61.8% projection of 77.13 to 96.70 from 92.56 at 104.65 next. On the downside, below 101.82 minor support will turn bias neutral and bring consolidations. But downside should be contained by 99.94 resistance turned support and bring another rise.
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USDJPY Outlook |
Written by ActionForex.com |
May 18 13 10:37 GMT
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USD/JPY's rally extended to as high as 103.30 last week even though it lost some upside momentum. Initial bias remains on the upside and current rally should extend towards 61.8% projection of 77.13 to 96.70 from 92.56 at 104.65 next. On the downside, below 101.82 minor support will turn bias neutral and bring consolidations. But downside should be contained by 99.94 resistance turned support and bring another rise.
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USDJPY Outlook |
Written by ActionForex.com |
May 17 13 13:12 GMT
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Intraday bias in USD/JPY remains neutral and some more consolidations could be seen below 102.75 temporary top. But in case of retreat, downside should be contained above 99.45 support and bring another rise. Above 102.75 will extend the larger up trend to 61.8% projection of 77.13 to 96.70 from 92.56 at 104.65 next.
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USDJPY Outlook |
Written by ActionForex.com |
May 17 13 03:58 GMT
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Intraday bias in USD/JPY remains neutral and some more consolidations could be seen below 102.75 temporary top. But in case of retreat, downside should be contained above 99.45 support and bring another rise. Above 102.75 will extend the larger up trend to 61.8% projection of 77.13 to 96.70 from 92.56 at 104.65 next.
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USDJPY Outlook |
Written by ActionForex.com |
May 16 13 13:12 GMT
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A temporary top is possibly in place at 102.75 and intraday bias is turned neutral for some consolidations first. Though, retreat should be contained above 99.45 support and bring another rise. Above 102.75 will extend the larger up trend to 161.8% projection of 77.13 to 96.70 from 92.56 at 104.65 next.
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USDJPY Outlook |
Written by ActionForex.com |
May 16 13 06:52 GMT
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USD/JPY lost some momentum with 4 hours MACD crossed below signal line. Though as long as 101.25 minor support holds, further rise is still expected. Current rally is in progress for 161.8% projection of 77.13 to 96.70 from 92.56 at 104.65 next. On the downside, below 101.25 minor support will turn bias neutral. But retreat should be contained above 99.45 and bring another rally.
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USDJPY Outlook |
Written by ActionForex.com |
May 15 13 13:44 GMT
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USD/JPY rose to as high as 102.61 so far today and intraday bias remains on the upside for 161.8% projection of 77.13 to 96.70 from 92.56 at 104.65 next. On the downside, below 101.25 minor support will turn bias neutral. But retreat should be contained above 99.45 and bring another rally.
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USDJPY Outlook |
Written by ActionForex.com |
May 15 13 04:53 GMT
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USD/JPY's rally resumes after brief consolidation and reaches as high as 102.42 so far. Intraday bias is back on the upside and current up trend should be in progress to 161.8% projection of 77.13 to 96.70 from 92.56 at 104.65 next. On the downside, below 101.25 minor support will turn bias neutral. But retreat should be contained above 99.45 and bring another rally.
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USDJPY Outlook |
Written by ActionForex.com |
May 14 13 12:44 GMT
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Intraday bias in USD/JPY stays neutral and some consolidations could be seen below 102.14 temporary top. But in case of deeper retreat, downside should be contained above 99.45 support and bring another rally. Above 102.14 will extend recent up trend to 161.8% projection of 77.13 to 96.70 from 92.56 at 104.65 next.
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