Logo-color Logo-white

Daily Pivots: (S1) 1.0797; (P) 1.0816; (R1) 1.0835; More….. Further decline is expected in EUR/USD with 1.0869 resistance intact. Sustained break of 55 D EMA (now at 1.0815) will argue that whole rebound from 1.0601 has completed with three waves up to 1.0947. Deeper decline should then be seen to 1.0601/0665 support zone next. Nevertheless, […]

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

previous

GBP/JPY Daily Outlook

next

GBP/USD Daily Outlook

Read More

15/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 196.12; (P) 196.59; (R1) 197.45; More… Intraday bias in GBP/JPY stays on the upside at this point. Rebound from 191.34 is seen as the second leg of the corrective pattern from 200.53. Break of 197.40 will target 200.53 high. But upside should be limited there. On the downside, break of 194.74 minor […]
27/07/2024

EUR/JPY Weekly Outlook

EUR/JPY’s fall from 175.41 accelerated to as low as 164.81 last week, but recovered ahead of 164.29 resistance turned support. Initial bias remains neutral this week for consolidations. Risk will stay on the downside as long as 169.98 resistance holds. On the downside, decisive break of 164.29 support turned resistance will indicate that larger scale […]
06/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 180.22; (P) 184.11; (R1) 188.11; More… GBP/JPY recovered after diving to 180.00 and intraday bias is turned neutral first. Some consolidations would be seen but upside should be limited by 193.23 resistance to bring another fall. Break of 180.00 will resume the decline from 208.09 to 178.32 support next. In the bigger […]