USD/JPY Daily Outlook – ActionForex

Daily Pivots: (S1) 156.73; (P) 157.29; (R1) 158.12; More…

USD/JPY is staying in range below 157.96 temporary top and intraday bias remains neutral a this point. On the upside, above 157.96 will extend the rebound from 152.25 to retest 159.44 high. On the downside, though, break of 155.52 will bring deeper fall back to 152.07/152.25 support zone. Overall, price actions from 159.44 are viewed as a near term consolidation pattern. Outlook will remain bullish as long as 38.2% retracement of 139.87 to 159.44 at 151.96 holds.

In the bigger picture, outlook is unchanged that corrective pattern from 161.94 (2024 high) should have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94. This will remain the favored case as long as 55 W EMA (now at 152.16) holds. However, sustained break of 55 W EMA will argue that the pattern from 161.94 is extending with another falling leg.

Source link

Visited 1 times, 1 visit(s) today

Related Article

EUR/USD Daily Outlook - ActionForex

EUR/USD Daily Outlook – ActionForex

Daily Pivots: (S1) 1.1564; (P) 1.1605; (R1) 1.1652; More…. Intraday bias in EUR/USD remains neutral as consolidations continue above 1.1529 temporary low. On the downside, below 1.1529 will resume the fall from 1.2081. Sustained break of 1.1576 structural support would confirm rejection by 1.2 key psychological level. That should also confirm medium term topping on

Best Forex Expert Advisor

Best Forex EA: Top Pick For MT4 And MT5 (2026)

In 2026, finding the best Forex EA is more about making smart decisions than just picking a product. While a Forex EA can trade consistently, your results still depend on the market environment, how well trades are executed, and how you manage risk.  The best EA is the one that performs well in real trading

War shock amplifies NFP stakes, Dollar set for double-engine boost

War shock amplifies NFP stakes, Dollar set for double-engine boost

Today’s US Non-Farm Payroll report has taken on unusual importance in a week dominated by geopolitical turmoil. The escalation of conflict in the Middle East has triggered a surge in oil prices and pushed US Treasury yields sharply higher, with the 10-year yield climbing above 4.14% overnight. Dollar has remained broadly firm as investors reassess

Youtube preview

Dow Jones still declining [Video]

In today’sMarket Outlook, let’s take a look at Forex Trading on Gold, XAUUSD, Brent Crude Oil, EURCHF, USDCHF, the NASDAQ, and the Dow Jones Industrial Average. Just a reminder that these videos are intended as educational, we are only observing current market conditions, and these are not to be considered as trading advice. Again, we

EUR/USD Under Pressure: Middle East Risks Outweigh All Else

EUR/USD Under Pressure: Middle East Risks Outweigh All Else

EUR/USD is holding near 1.1620 on Friday, with the US dollar on track to gain approximately 1% by the end of the week. The dollar is benefiting from safe-haven demand amid the escalating conflict in the Middle East and rising crude oil prices. The joint US-Israel military operation against Iran continues into its seventh day.

GBP/USD Forex Forecast 06/03: GBP Slumps (Chart)

GBP/USD Forex Forecast 06/03: GBP Slumps (Video&Chart)

Created on March 06, 2026 The British pound has fallen significantly during the trading session on Thursday as we continue to test a major support level in the form of 1.3250. This is a significant area that a lot of people will be watching and if we can break down below the 1.3250 level, then

Markets Hold Breath for Crucial Payrolls, Oil Surges Dollar Holds Lead

Markets Hold Breath for Crucial Payrolls, Oil Surges Dollar Holds Lead

The current market environment is the definition of a “powder keg” waiting for a spark, something that the February US Non-Farm Payroll report could be. While the Wednesday relief rally offered a temporary reprieve, the swift pullback in US stocks overnight suggests that bulls lack the conviction to fight against a darkening energy backdrop. At

EUR/USD Chart Analysis: Pair Trades Near Yearly Lows

EUR/USD Chart Analysis: Pair Trades Near Yearly Lows

On 3 March, the EUR/USD pair fell below the January low (around 1.15777), establishing the lowest level of the year. As of today, 5 March, the chart shows signs of a continuation of bearish momentum. On one hand, demand for the USD as a “safe-haven currency” remains elevated amid the ongoing military conflict in the

Eurozone retail sales slip -0.1% mom in January as non-food spending weakens

Eurozone retail sales slip -0.1% mom in January as non-food spending weakens

Eurozone retail sales slipped -0.1% mom in January, falling short of expectations for a 0.2% increase.  Looking at the breakdown, spending on food, drinks and tobacco rose 0.3%, providing the only notable source of support. However, this was more than offset by declines in other categories. Non-food retail sales (excluding fuel) dropped -0.2% in Eurozone,

Looks for Momentum in Choppy Trad

Looks for Momentum in Choppy Trad

Created on March 05, 2026 The gold market started to rally early in the Wednesday trading session, as we are looking to find some kind of momentum. With the world on fire, it is surprising that gold struggles a bit to hold gains. Gold Despite the fact that the world’s on fire, gold is not

Link-Forex

David Whitcombe of LINK FOREX Analyzes the Profound Impact of the Escalation of US and Israeli Military Action Against Iran on the Future Trend of US Stocks

Link-Forex London, United Kingdom, March 05, 2026 (GLOBE NEWSWIRE) — Global financial markets have entered a highly sensitive state surrounding the escalation of US and Israeli military action against Iran. Energy price volatility has increased, safe-haven assets have strengthened, and intraday volatility in US stocks has intensified significantly. David Whitcombe, Head of Market Strategy at

Prop firm JoinX Capital selects Leverate trading infrastructure

Prop firm JoinX Capital selects Leverate trading infrastructure

Leading trading technologies provider Leverate has announced that JoinX Capital, a premier Swiss-backed proprietary trading firm operating globally, has selected Leverate as the technology backbone of its global platform. The partnership enables JoinX Capital to serve a fast-growing community of traders in 184 countries with the infrastructure, reliability, and scalability that institutional-grade trading demands. With Leverate’s

Link-Forex

LINK FOREX Research Head David Whitcombe Quietly Funds Measles Patients in Mexico

Link-Forex London, United Kingdom, March 05, 2026 (GLOBE NEWSWIRE) — Amid a recent surge in measles cases in parts of Mexico, some families are facing the dual pressures of strained healthcare resources and rising treatment costs. For some low-income families, continued treatment represents a heavy financial burden. Just as several families were struggling with the

Platinum Surges to Record High: Elliott Wave Signals Ongoing Support

Platinum Surges to Record High: Elliott Wave Signals Ongoing Support

Platinum (PL) broke to new all-time highs late last year, signaling the potential start of a secular bullish market in the years ahead. In this article, we examine the long-term outlook for the metal and its evolving Elliott Wave structure. Platinum (PL) Monthly Elliott Wave Chart The monthly Platinum chart shows the metal has broken

USD/JPY Mid-Day Outlook - ActionForex

USD/JPY Mid-Day Outlook – ActionForex

Daily Pivots: (S1) 156.30; (P) 157.03; (R1) 158.08; More… Intraday bias in USD/JPY remains on the upside at this point. Rise from 152.25 should now target a retest on 159.44 high. On the downside, below 156.81 minor support will turn intraday bias neutral first. Overall, price actions from 159.44 are viewed as a near term

Price of Silver Recovering After Two-Day Decline

Price of Silver Recovering After Two-Day Decline

As can be seen on the XAG/USD chart, the price of silver is recovering after forming yesterday’s low below the $79 level. The price per ounce has already exceeded $86 today (+10% in less than 24 hours!). Volatility in the silver market is being driven by fluctuations in the US dollar, as well as military

EURUSD 2026 03 04 13 44 10

EURUSD: Why This Relief Rally Is A Trap

EURUSD is showing relief today after an aggressive selloff at the start of March, but the structure continues to favor shorts. Watch the video below for the details. EURUSD hit a critical support area this week, and that’s where things get interesting. On the weekly chart, the last major BOS was lower, and the price

360T’s Crypto-Asset Trading Platform 3DX Partners with BridgePort for Off-Exchange Settlement

FRANKFURT, Germany and NEW YORK, March 4, 2026 /PRNewswire/ — 3DX, a crypto-asset trading platform powered by 360T’s award-winning technology, today announced its partnership with BridgePort, a middleware layer designed to enhance institutional crypto market infrastructure. This collaboration adds new capital efficiency possibilities to the 3DX platform, addresses settlement risk, and complements the capabilities that were

ISDA, EMTA Revise Definitions for FX Derivatives

ISDA, EMTA Revise Definitions for FX Derivatives

ISDA and EMTA, Inc., the trade association for emerging markets, have jointly published a revised set of standard definitions for foreign exchange (FX) derivatives transactions, which update key market practices and consolidate various FX and FX-related product templates and provisions into an integrated document. The 2026 FX Definitions will be implemented on November 22, 2027,

0
Would love your thoughts, please comment.x
()
x