EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8491; (P) 0.8513; (R1) 0.8526; More… Intraday bias in EUR/GBP remains on the downside at this point. Current fall should be part of the larger down trend and should target 0.8464 projection level. For now, break of 0.8571 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in […]

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

GBP/JPY Mid-Day Outlook

27/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1140; (P) 1.1171; (R1) 1.1192; More…. Intraday bias in EUR/USD stays neutral at this point for consolidations below 1.1200. Downside of retreat should be contained above 1.0007 resistance turned support to bring another rally. Above 1.1200 will resume recent rally to 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232, and […]

08/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3584; (P) 1.3601; (R1) 1.3619; More… Range trading continues in USD/CAD and intraday bias stays neutral. On the downside, below 1.3479 will resume the corrective fall from 1.3897. But downside should be contained by 1.3378 support, which is close to 61.8% retracement of 1.3091 to 1.3897 at 1.3399, to bring rebound. On […]

12/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2784; (P) 1.2825; (R1) 1.2855; More… GBP/USD’s retreat from 1.2892 extends lower today. But still, further rally will remain in favor as long as 55 4H EMA (now at 1.2746) holds. On the upside, above 1.2892 will resume larger rise from 1.2063 and target 61.8% projection of 1.2036 to 1.2826 from 1.2517 […]

Share

GBP/JPY Mid-Day Outlook