Logo-color Logo-white

Daily Pivots: (S1) 1.2733; (P) 1.2796; (R1) 1.2862; More… Near term outlook in GBP/USD will stay bullish as long as 1.2687 support holds. Rise from 1.2298 should target 1.2892 resistance. Decisive break there will strengthen the case that correction from 1.3141 has completed, and bring further rally to retest this high. In the bigger picture, […]

The post GBP/USD Daily Outlook appeared first on Action Forex.

previous

GBP/USD Mid-Day Outlook

next

EUR/USD Mid-Day Outlook

Read More

02/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 148.42; (P) 151.16; (R1) 152.72; More… No change in USD/JPY’s outlook and intraday bias stays on the downside at this point. Strong support could be seen from 148.66 fibonacci level to bring consolidations. On the upside, above 151.93 support turned resistance will turn bias back to the upside for stronger recovery. Nevertheless, […]
28/08/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8388; (P) 0.8437; (R1) 0.8464; More….. USD/CHF’s break of 0.8431 support indicates resumption of whole decline from 0.9223. Intraday bias stays on the downside for 61.8% projection of 0.9049 to 0.8431 from 0.8747 at 0.8365, and then 0.8332 low. On the upside, above 0.8484 minor resistance will turn intraday bias neutral. But […]
05/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 146.48; (P) 146.97; (R1) 147.70; More… Intraday bias in USD/JPY is turned neutral with current recovery, but further decline is expected with 148.50 resistance intact. Break of 146.22 will resume the fall from 151.89 to 145.06 key support level. In the bigger picture, rise from 127.20 (2023 low) is seen as the […]