Logo-color Logo-white

Daily Pivots: (S1) 1.2830; (P) 1.2847; (R1) 1.2873; More… GBP/USD’s fall from 1.3043 continues today despite slightly weak downside momentum as seen in 4H MACD. Decisive break of 55 D EMA (now at 1.2782) will suggest that rise from 1.2298 has completed with three waves up to 1.3043. Deeper fall would be seen to 1.2612 […]

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

previous

EUR/CHF Daily Outlook

next

USD/JPY Mid-Day Outlook

Read More

21/07/2024

AUD/USD Weekly Report

AUD/USD’s fall from 0.6798 short term top extended lower last week. Initial bias stays on the downside this week for 38.2% retracement of 0.6361 to 0.6798 at 0.6631. Strong rebound would be seen there to bring rebound. On the upside, above 0.6754 minor resistance will turn bias back to the upside for retesting 0.6798. In […]
27/08/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9442; (P) 0.9467; (R1) 0.9482; More…. Intraday bias in EUR/CHF stays neutral and outlook is unchanged. On the upside, sustained break of 55 D EMA (now at 0.9569) will pave the way back to 0.9972/0.9928 resistance zone. However, decisive break of 0.9448 will suggest rejection by 55 D EMA, and turn bias […]
15/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 189.67; (P) 191.07; (R1) 192.15; More.. Intraday bias in GBP/JPY remains neutral for the moment. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 190.02 will indicate that it’s at least correcting the rise from 178.32, and target 38.2% retracement of […]