Logo-color Logo-white

Daily Pivots: (S1) 1.2674; (P) 1.2710; (R1) 1.2736; More… Breach of 1.2685 minor support suggests short term topping at 1.2760 already. Intraday bias is mildly on the downside. Firm break of 55 4H EMA (now at 1.2661) will target near term channel support (now at 1.2563). On the upside, break of 1.2760 will resume the […]

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

previous

USD/CHF Mid-Day Outlook

next

GBP/JPY Daily Outlook

Read More

03/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3646; (P) 1.3701; (R1) 1.3735; More… Range trading continues in USD/CAD and intraday bias remains neutral. Consolidation from 1.3845 could extend further. While another fall could be seen, downside should be contained by 1.3589 cluster support (38.2% retracement of 1.3176 to 1.3845 at 1.3589) to bring rebound. Break of 1.3790 resistance will […]
22/02/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.17; (P) 162.41; (R1) 162.86; More… EUR/JPY’s rally is in progress and intraday bias stays on the upside. Current rise from 153.15 is in progress for retesting 164.29 high. On the downside, however, below 161.93 minor support will turn intraday bias neutral and bring consolidations, before staging another rally. In the bigger […]
26/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6424; (P) 1.6503; (R1) 1.6549; More… Intraday bias in EUR/AUD stays neutral first. On the downside, sustained trading below 55 D EMA (now at 1.6432) will argue that rise from 1.5996 has completed at 1.7180 Deeper fall would then be seen back to this support. Nevertheless, strong rebound from current levels, followed […]