Logo-color Logo-white

Bearish Corrective Scenario: Sell positions below 1.3130 with TP1 at 1.3103. Consider TP2: 1.3090, TP3: 1.3076, and TP4: 1.3057 only after a decisive break. Use a stop-loss (S.L.) above 1.3160 or at least 1% of account equity for intraday trades. Bullish Scenario: Buy positions after a pullback (with prior PAR* formation) above 1.3103 with TP1: […]

The post GBPUSD: Bullish Extension or Deeper Correction? Key Liquidity Zones appeared first on Action Forex.

previous

Analysis of GBP/USD: The Pair Approaches 2023 High

next

Yen Edges Higher on BoJ’s Ueda Hawkish Remarks

Read More

15/05/2024

US: Small Business Optimism Index Improves in April

NFIB’s Small Business Optimism Index rose 1.2 points to 89.7 in April, beating market expectations for a 0.3-point decrease. This marked the first increase in the index in 2024. Seven of the ten subcomponents improved on the month, two deteriorated and one remained unchanged. The improving categories included expectations for higher real sales in six […]
13/03/2024

CADJPY Wave Analysis

CADJPY reversed from support level 109.00Likely to rise to resistance level 110.00d CADJPY currency pair recently reversed up from the support level 109.00 (low of the previous correction 4) coinciding with the lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse (1) from December. The upward reversal from the support level […]
22/01/2024

January Flashlight for the FOMC Blackout Period

Summary We share the near-universally held view that the FOMC will leave the fed funds rate and pace of quantitative tightening (QT) unchanged at the conclusion of its upcoming meeting on January 31. The FOMC’s decision last month to leave the fed funds rate unchanged for a third consecutive meeting made it increasingly clear that […]