USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 142.94; (P) 143.75; (R1) 144.32; More…

USD/JPY rebounded ahead of 142.51 support as sideway trading continues. Intraday bias stays neutral. On the downside, break of 142.10 support will resume the fall from 148.64 to retest 139.87 low. On the upside, above 145.46 will turn bias to the upside for 146.27 first. Firm break there will target 148.64 resistance.

In the bigger picture, price actions from 161.94 are seen as a corrective pattern to rise from 102.58 (2021 low), with fall from 158.86 as the third leg. Strong support should be seen from 38.2% retracement of 102.58 to 161.94 at 139.26 to bring rebound. However, sustained break of 139.26 would open up deeper medium term decline to 61.8% retracement at 125.25.

Source link

Visited 1 times, 1 visit(s) today

Related Article

Traders bet Oil Striking $80 a barrel very Soon

Traders bet Oil Striking $80 a barrel very Soon

The most $80 West Texas Intermediate (WTI) crude oil call options were traded on Friday since January Written by: Olumide Adesina • Saturday, June 14, 2025 • 1 min read • Last updated: Saturday, June 14, 2025 Add an article to your Reading List Register now to be able to add articles to your reading

14 June 2025

Wall Street’s Momentum Machine Faces a Middle East Stress Test

(Bloomberg) — It’s the kind of geopolitical flashpoint that might once have triggered a full-blown market meltdown: Israeli warplanes struck Iranian nuclear sites, Tehran vowed revenge — then followed through. Oil spiked. Most Read from Bloomberg Yet in a year where crises have come in waves, traders from London to New York opted to hold

14 June 2025
A video shared with CNN appears to show a one-way attack drone targeting a missile launcher.

Israel’s unprecedented attack shows Iran has become a ‘playground’ for the Mossad

CNN  —  Before Israel launched an unprecedented wave of strikes against Iran’s nuclear facilities and top military leaders this week, its spies were already on the ground in enemy territory. Israeli intelligence agency Mossad had smuggled weapons into Iran ahead of the strikes, according to Israeli security officials, and would use the weapons to target

13 June 2025
Stock market

Americans’ Fears of Stock Market Crash Skyrocket

Americans’ fears of the stock market crashing are skyrocketing as the economy remains uncertain and President Donald Trump’s tariffs take effect, according to a report by predictive consumer data company Resonate. Nearly 26 percent of the population worries that Wall Street might hit rock bottom, says Resonate, and concerns of a broader economic slowdown have

13 June 2025
Dollar upheaval sparks FX trading boom

Dollar upheaval sparks FX trading boom

 |  IFR 2587 – 14 Jun 2025 – 20 Jun 2025  |  Christopher Whittall Banks’ foreign exchange trading desks are off to their best start to a year since 2022 after a sharp reversal in the US dollar ignited market volatility and triggered a surge in client activity. The largest global banks’ FX

13 June 2025

Israel’s Iran attack threatens an early Trump win: Lower energy prices

President Trump has been able to argue that his economic policies aren’t stoking inflation and point to inflation prints cooled by falling energy prices as evidence. But rapid-fire developments in the Middle East could put that case in jeopardy. Thursday night’s airstrikes from Israel across Iran immediately shook up oil markets with fears that a

13 June 2025
Crude oil prices rose sharply as Israel's attack on Iran raised fears of a broader disruption of Middle East oil supplies. Relatively low gasoline prices in the U.S. have helped to keep inflation in check.

Oil prices jump and stocks tumble following Israel’s attack on Iran : NPR

Crude oil prices rose sharply as Israel’s attack on Iran raised fears of a broader disruption of Middle East oil supplies. Relatively low gasoline prices in the U.S. have helped to keep inflation in check. Brandon Bell/Getty Images North America hide caption toggle caption Brandon Bell/Getty Images North America Oil prices jumped and stocks tumbled

13 June 2025
Oil prices surge after Israeli forces strike Iranian nuclear facilities

Oil prices surge after Israeli forces strike Iranian nuclear facilities

Rep. Jay Obernolte, R-Calif., joins ‘Mornings with Maria’ to analyze Israel’s strikes inside Iran and discuss President Donald Trump’s past warnings. Oil prices surged Friday after the Israeli Defense Forces (IDF) launched a sweeping strike on Iran’s nuclear facilities and military leaders.   U.S. West Texas Intermediate prices climbed around 6% on Friday to $72

13 June 2025
0
Would love your thoughts, please comment.x
()
x