Logo-color Logo-white

EUR/GBP’s late break of 0.8396 support suggests that larger down trend is resuming. Initial bias remains on the downside this week. Next near term target is 61.8% projection of 0.8619 to 0.8396 from 0.8498 at 0.8360. Firm break there could prompt downside acceleration to 100% projection at 0.8275. On the upside, above 0.8421 minor resistance […]

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

previous

USD/CHF Mid-Day Outlook

next

EUR/USD Weekly Outlook

Read More

04/05/2024

AUD/USD Weekly Report

AUD/USD’s rebound from 0.6361 continued last week despite interim pull back. Breach of 0.6643 resistance affirms the case that fall from 0.6870 has completed with three waves down to 0.6361. Initial bias stays on the upside this week for 100% projection of 0.6361 to 0.6585 from 0.6464 at 0.6688 next. For now, risk will stay […]
06/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6231; (P) 1.6292; (R1) 1.6345; More… Intraday bias in EUR/AUD remains on he downside for the moment. Current fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Deeper decline should be seen to expected to 1.6127 support, or further to 100% projection of 1.7062 to 1.6127 […]
09/12/2023

USD/JPY Weekly Outlook

USD/JPY’s fall from 151.89 accelerated to as low as 141.59 last week, but recovered after drawing support from 142.45 fibonacci level. Initial bias remains neutral this week for consolidations first. But recovery should be limited below 147.14 support turned resistance to bring another fall. On the downside, break of 141.59 and sustained trading below 142.45 […]