Daily Pivots: (S1) 159.33; (P) 159.55; (R1) 159.90; More… Intraday bias in USD/JPY is back on the upside as recent rally resumed through 159.92 temporary top after brief consolidations. Decisive break of 100% projection of 151.86 to 157.70 from 154.53 at 160.37 will confirm long term up trend resumption, and pave the way to 161.8% […]
The post USD/JPY Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.3663; (P) 1.3691; (R1) 1.3739; More… USD/CAD’s rally from 1.3418 continues today and intraday bias stays on the upside. Pullback from 1.3946 should have completed at 1.3418 already. Rise from there would Read more…
Risk-on sentiment is back in the global markets, with DOW and S&P 500 surging to new record highs in the latest session. Notably, this rally isn’t limited to just the big tech giants. ETFs tracking Read more…
Japan’s PPI rose by 2.8% yoy in September, a notable increase from the previous month’s 2.6% yoy and well above the market’s expectation of 2.3% yoy. A significant development was the shift in import prices. Read more…