Logo-color Logo-white

Daily Pivots: (S1) 193.07; (P) 193.72; (R1) 194.92; More… Intraday bias in GBP/JPY is turned neutral first with current sharp retreat. ON the upside, above 195.95 temporary top will extend the corrective rebound from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. However, firm break of 190.11 will argue that this correction […]

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

previous

USD/CAD Daily Outlook

next

EUR/AUD Daily Outlook

Read More

16/01/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6638; (P) 0.6672; (R1) 0.6693; More… AUD/USD’s decline from 0.6870 resumed by breaking through 0.6639 support. Intraday bias is back on the downside. Deeper fall should be seen to 61.8% retracement of 0.6269 to 0.6870 at 0.6497 next. On the upside, break of 0.6728 is needed to indicate completion of the decline. […]
31/08/2024

EUR/AUD Weekly Outlook

EUR/AUD’s decline from 1.7180 extended to as low as 1.6256 last week but recovered since then. Initial bias is turned neutral this week for some consolidations. Further decline would remain in favor as long as 1.6580 resistance holds. Below 1.6256 will target 1.5996 key support level next. In the bigger picture, outlook is mixed up […]
05/11/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2928; (P) 1.2964; (R1) 1.2992; More… Range trading continues in GBP/USD and intraday bias remains neutral for the moment. Further decline is expected as long as 1.3042 resistance holds. Below 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish convergence condition in […]