Logo-color Logo-white

Daily Pivots: (S1) 1.2666; (P) 1.2685; (R1) 1.2704; More… Intraday bias remains neutral for the moment, and further decline is expected in GBP/USD as long as 1.2739 resistance holds. Break of 1.2622, and sustained trading below 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. However, […]

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

previous

EUR/GBP Daily Outlook

next

USD/JPY Mid-Day Outlook

Read More

30/01/2024

EUR/AUD Mid-Day Outlook

Daily Pivots: (S1) 1.6340; (P) 1.6423; (R1) 1.6470; More… Intraday bias in EUR/AUD is turned neutral first with today’s strong recovery. On the upside, break of 1.6512 minor resistance will argue that pull back from 1.6671 has completed, and revive near term bullishness. Intraday bias will be back on the upside for 1.6671 resistance. On […]
29/06/2024

USD/CAD Weekly Outlook

USD/CAD rebounded after dipping to 1.3626, but failed to extend gain after hitting 1.3733. Overall, consolidation pattern from 1.3845 is extending. Initial bias remains neutral this week first. While deeper fall could be seen, downside should be contained by 1.3589 cluster support (38.2% retracement of 1.3176 to 1.3845 at 1.3589) to bring rebound. Break of […]
29/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9281; (P) 0.9323; (R1) 0.9389; More… Intraday bias in EUR/CHF remains on the downside for the moment. Current fall would target 100% projection of 0.9995 to 0.9416 from 0.9683 at 0.9104 next. On the upside, above 0.9347 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long […]