Logo-color Logo-white

Daily Pivots: (S1) 191.68; (P) 192.24; (R1) 192.84; More.. Intraday bias in GBP/JPY remains neutral as range trading continues. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 189.97 support will indicate that it’s at least correcting the rise from 178.32, and target 38.2% […]

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

previous

USD/CAD Daily Outlook

next

EUR/USD Daily Outlook

Read More

03/06/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6629; (P) 0.6651; (R1) 0.6675; More…. AUD/USD is staying in range below 0.6713 and intraday bias stays neutral at this point. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 […]
20/12/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0935; (P) 1.0961; (R1) 1.1007; More… EUR/USD is staying in consolidation from 1.1108 and intraday bias remains neutral. Further rally is expected as long as 1.0722 support holds. On the upside, break of 1.1016 will resume the whole rise from 1.0447 to retest 1.1274 high. In the bigger picture, price actions from […]
07/03/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6511; (P) 0.6547; (R1) 0.6600; More… AUD/USD’s strong rebound suggests that corrective pattern from 0.6442 is extending with another leg. While further rise cannot be ruled out, upside should be limited by 38.2% retracement of 0.6877 to 0.6442 at 0.6605. Break of 0.6476 support will argue that fall from 0.6870 is ready […]