Logo-color Logo-white

Daily Pivots: (S1) 1.0784; (P) 1.0826; (R1) 1.0850; More… Intraday bias in EUR/USD stays on the downside at this point. Rebound from 1.0694 should have completed at 1.0980. Deeper fall would be seen to retest this low first. Break there will resume the decline from 1.1138 and target 100% projection of 1.1138 to 1.0694 from […]

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

previous

EUR/JPY Daily Outlook

next

USD/CHF Mid-Day Outlook

Read More

19/02/2024

GBP/USD Weekly Outlook

GBP/USD was bounded in range below 1.2826 last week despite some volatility. Initial bias remains neutral this week first. On the upside, break of 1.2691 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of 1.2499 will argue that whole rise […]
01/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 196.27; (P) 196.82; (R1) 197.70; More.. GBP/JPY is extending consolidation from 200.53 and intraday bias remains neutral. Outlook will remain bullish as long as 193.51 resistance turned support holds. Firm break of 200.53 will resume larger up trend. In the bigger picture, current rally is part of the up trend from 123.94 […]
21/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 150.71; (P) 151.26; (R1) 151.80; More… Intraday bias in USD/JPY is turned neutral with current retreat, and some consolidations would be seen below 151.82. Further rise is expected as long as 55 4H EMA (now at 149.51) holds. On the upside, decisive break of 151.93 key resistance will confirm long term up […]