Logo-color Logo-white

Daily Pivots: (S1) 0.8555; (P) 0.8565; (R1) 0.8577; More… Intraday bias in EUR/GBP stays neutral for the moment. Considering bullish convergence condition in D MACD, decisive break of 0.8577 and 55 D EMA (now at 0.8574) will argue that fall from 0.8764 has completed. Intraday bias will be back on the upside for rebound towards […]

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

previous

EUR/AUD Weekly Outlook

next

EUR/USD Mid-Day Outlook

Read More

02/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 160.90; (P) 161.31; (R1) 161.89; More… No change in USD/JPY’s outlook and intraday bias stays on the upside. Current up trend should target 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. On the downside, below 160.25 minor support will turn intraday bias neutral and bring consolidations again, before staging another […]
21/06/2024

USDJPY Wave Analysis

USDJPY broke strong resistance level 157.65 Likely to rise to resistance level 160.00 USDJPY currency pair recently broke above the strong resistance level 157.65 (which has been steadily reversing the price from the end of April, as you can see below). The breakout of the resistance level 157.65 continues the clear uptrend that can be […]
20/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2681; (P) 1.2708; (R1) 1.2747; More… Intraday bias in GBP/USD is turned neutral with 4H MACD crossed above signal line. Some consolidations would be seen but deeper decline is in favor as long as 1.2822 resistance holds. On the downside, sustained break of 55 D EMA (now at 1.2677) will target 1.2517 […]