Logo-color Logo-white

Daily Pivots: (S1) 196.72; (P) 197.93; (R1) 198.96; More… Intraday bias in GBP/JPY remains neutral for consolidations above 195.84 temporary low. Further decline is expected as long as 202.08 support turned resistance holds. On the downside, sustained trading below 38.2% retracement of 178.32 to 208.09 at 196.71 will argue that larger scale correction is under […]

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

previous

EUR/AUD Weekly Outlook

next

USD/JPY Mid-Day Outlook

Read More

25/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 151.02; (P) 151.44; (R1) 151.88; More… Intraday bias in USD/JPY remains neutral as consolidation from 151.92 is extending. Further rally is expected as long as 150.25 support holds. On the upside, decisive break of 151.93 key resistance will confirm long term up trend resumption. Next near term target will be 61.8% projection […]
10/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8482; (P) 0.8507; (R1) 0.8549; More…. Intraday bias in USD/CHF stays neutral at this point. Consolidation from 0.8332 is in progress and stronger recovery cannot be ruled out. But outlook will stay bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8332 will resume larger fall from […]
08/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6643; (P) 1.6714; (R1) 1.6826; More… Intraday bias in EUR/AUD remains neutral for the moment. While deeper retreat cannot be ruled out, outlook will remain bullish as long as 1.6474 support holds. On the upside, above 1.6869 minor resistance will turn bias back to the upside for retesting 1.7180. Firm break there […]