Logo-color Logo-white

Daily Pivots: (S1) 1.2773; (P) 1.2796; (R1) 1.2837; More… Intraday bias in GBP/USD remains on the upside as rally from 1.2612 is in progress for retesting 1.2859 resistance. Firm break there will resume the rally from 1.2298 and target 61.8% projection of 1.2298 to 1.2859 from 1.2612 at 1.2959. Decisive break there would prompt upside […]

The post GBP/USD Mid-Day Outlook appeared first on Action Forex.

previous

GBP/JPY Daily Outlook

next

EUR/USD Mid-Day Outlook

Read More

09/12/2023

USD/JPY Weekly Outlook

USD/JPY’s fall from 151.89 accelerated to as low as 141.59 last week, but recovered after drawing support from 142.45 fibonacci level. Initial bias remains neutral this week for consolidations first. But recovery should be limited below 147.14 support turned resistance to bring another fall. On the downside, break of 141.59 and sustained trading below 142.45 […]
07/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3475; (P) 1.3538; (R1) 1.3577; More… Intraday bias in USD/CAD remains neutral and outlook is unchanged. Further rally is expected as long as 1.3439 support holds. Break of 1.3605 will resume the rise from 1.3176 and target 100% projection of 1.3176 to 1.3540 from 1.3357 at 1.3721 next. However, firm break of […]
25/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.68; (P) 154.33; (R1) 155.56; More… Intraday bias in USD/JPY is turned neutral first with current recovery, and some consolidations would be seen above 151.93 temporary low. But risk will remain on the downside as long as 155.36 support turned resistance holds. Decisive break of 151.89 resistance turned support will argue that […]