Logo-color Logo-white

Daily Pivots: (S1) 1.2639; (P) 1.2670; (R1) 1.2702; More… No change in GBP/USD’s outlook and intraday bias stays neutral. While another rise cannot be ruled out, outlook will stay bearish as long as 55 D EMA (now at 1.2858) holds. Below 1.2615 minor support will turn intraday bias back to the downside for retesting 1.2486. […]

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

previous

EUR/USD Daily Outlook

next

USD/JPY Daily Outlook

Read More

22/06/2024

GBP/JPY Weekly Outlook

GBP/JPY’s up trend resumed after brief retreat and hit as high as 202.01. Initial bias is now on the upside this week for 61.8% projection of 191.34 to 200.72 from 197.18 at 202.97. Firm break there will pave the way to 100% projection at 206.56 next. on the downside, below 200.46 minor support will turn […]
15/02/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8842; (P) 0.8864; (R1) 0.8880; More…. USD/CHF’s retreat from 0.8884 extends lower today and intraday bias remains neutral. Some more consolidative trading would be seen but downside should be contained by 0.8727 resistance turned support to bring another rally. On the upside, above 0.8884 will resume the rise from 0.8332 to 100% […]
27/04/2024

EUR/USD Weekly Outlook

EUR/USD recovered further to 1.0752 last week but retreated since then. Initial bias is turned neutral this week first. On the upside, above 1.0752 will resume the rebound to 55 D EMA (now at 1.0780). On the downside, break of 1.0677 minor support will turn intraday bias to the downside for retesting 1.0601 low. In […]