Logo-color Logo-white

Daily Pivots: (S1) 1.2693; (P) 1.2721; (R1) 1.2760; More… GBP/USD is still bounded in range below 1.2799 and intraday bias remains neutral for the moment. Further rise is expected as long as 1.2670 support holds. Above 1.2799 will resume the rally from 1.2298 and target 1.2892 resistance. However, break of 1.2670 will indicate short term […]

The post GBP/USD Mid-Day Outlook appeared first on Action Forex.

previous

USD/CHF Daily Outlook

next

EUR/GBP Weekly Outlook

Read More

05/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8509; (P) 0.8517; (R1) 0.8527; More…. No change in EUR/GBP’s outlook and intraday bias stays neutral for the moment. Further decline is expected as long as 55 D EMA (now at 0.8549) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. However, sustained break of 55 […]
13/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8429; (P) 0.8443; (R1) 0.8451; More… EUR/GBP is still bounded in consolidation from 0.8399 and intraday bias remains neutral. Stronger recovery might be seen but upside should be limited by 38.2% retracement of 0.8624 to 0.8399 at 0.8485. Break of 0.8399 will bring retest of 0.8382 low. Firm break there will resume […]
03/09/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.83; (P) 192.65; (R1) 193.98; More… Intraday bias in GBP/JPY stays mildly on the upside as rebound from 180.00 is in progress. Further rally would be seen to 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, however, firm break […]