Logo-color Logo-white

EUR/AUD’s extended decline last week suggests that rebound from 1.6256 has completed at 1.6629 already. Nevertheless, as a temporary low was formed at 1.6315, initial bias is neutral this week first. Risk will stay on the downside as long as 1.6629 resistance holds. Below 1.6315 will bring retest of 1.6256. Firm break there will resume […]

The post EUR/AUD Weekly Outlook appeared first on Action Forex.

previous

EUR/GBP Weekly Outlook

next

EUR/USD Weekly Outlook

Read More

19/06/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 157.50; (P) 157.87; (R1) 158.21; More… No change in USD/JPY’s outlook and intraday bias stays neutral. Further rally would be in favor as long as 154.53 support holds. Break of 158.25 will resume the choppy rise from 151.86 towards 160.20 high. But upside should be limited there, at least on first attempt. […]
14/02/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.06; (P) 188.40; (R1) 188.93; More… GBP/JPY’s strong break of 188.90 confirms up trend resumption. Intraday bias stays on the upside. Next near term target is 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. On the downside, below 187.83 minor support will turn intraday bias neutral and bring consolidations first. […]
30/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8531; (P) 0.8540; (R1) 0.8554; More… While downside momentum in EUR/GBP isn’t too convincing, further decline is still expected with 0.8563 resistance intact. Next target is 0.8491 low and break will resume larger down trend to 0.8464 projection level. On the upside, above 0.8563 minor resistance will turn intraday bias neutral and […]