Logo-color Logo-white

EUR/GBP’s recovery from 0.8382 extended higher last week but outlook will stay bearish as long as 0.8498 resistance holds. Initial bias remains neutral this week first. Firm break of 0.8382 will resume larger down trend. In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 key support (2022 […]

The post EUR/GBP Weekly Outlook appeared first on Action Forex.

previous

EUR/USD Weekly Outlook

next

GBP/JPY Daily Outlook

Read More

25/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.34; (P) 148.02; (R1) 149.05; More… USD/JPY’s retreat from 148.79 extends lower today but stays well above 145.97 resistance turned support. Intraday bias remains neutral at this point, and further rally remains in favor. Corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume the rise from […]
03/09/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1050; (P) 1.1064; (R1) 1.1086; More…. Intraday bias in EUR/USD remains neutral for the moment. While retreat from 1.1200 might extend lower, rally from 1.0665 is in favor to continue as long as 1.0947 resistance turned support holds. Above 1.1104 minor resistance will bring retest of 1.1200 first. Break there will target […]
03/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 156.77; (P) 157.07; (R1) 157.58; More…. USD/JPY dips mildly today but stays in range of 156.36/157.70. Intraday bias remains neutral for the moment. On the downside, decisive break of 156.36 minor support will confirm short term topping at 157.70, on bearish divergence condition in 4H MACD. Intraday bias will be back on […]