Logo-color Logo-white

Daily Pivots: (S1) 1.2513; (P) 1.2578; (R1) 1.2617; More… Intraday bias in GBP/USD remain son the downside for 1.2517 structural support. Decisive break there will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. For now, risk will stay on the downside as long as 1.2667 resistance holds, […]

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

previous

GBP/USD Mid-Day Outlook

next

USD/CHF Mid-Day Outlook

Read More

21/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6463; (P) 1.6484; (R1) 1.6517; More… Focus stays on 1.6474 support in EUR/AUD. Decisive break there will argue that rise from 1.5996 has completed, and dampen the larger bullish view. Intraday bias will be back on the downside for deeper fall towards 1.5996 in this case. Nevertheless, strong rebound from current level, […]
17/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2640; (P) 1.2702; (R1) 1.2748; More… Intraday bias in GBP/USD remains on the downside at this point. Fall from 1.2859 short term top would target 1.2633 resistance turned support first. Firm break there will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. On the upside, above 1.2737 […]
21/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 150.71; (P) 151.26; (R1) 151.80; More… Intraday bias in USD/JPY is turned neutral with current retreat, and some consolidations would be seen below 151.82. Further rise is expected as long as 55 4H EMA (now at 149.51) holds. On the upside, decisive break of 151.93 key resistance will confirm long term up […]