Logo-color Logo-white

Daily Pivots: (S1) 180.56; (P) 180.93; (R1) 181.54; More… Range trading continues in GBP/JPY and intraday bias remains neutral for the moment. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at 173.46. However, decisive […]

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

previous

AUD/USD Daily Report

next

EUR/JPY Daily Outlook

Read More

09/12/2023

GBP/USD Weekly Outlook

GBP/USD’s decline last week suggests that a short term top was already formed at 1.2731. Initial bias remains on the downside this week for 55 D EMA (now at 1.2441). Sustained break there will bring retest of 1.2036 low. On the upside, above 1.2611 minor resistance will turn intraday bias neutral first. In the bigger […]
11/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8952; (P) 0.8969; (R1) 0.8982; More…. USD/CHF is still bounded in range of 0.8880/8987 and intraday bias remains neutral. On the upside, firm break of 0.8987 support turned resistance will argue that correction from 0.9223 has completed, after drawing support from 0.8883 fibonacci level. Intraday bias will be back on the upside […]
03/08/2024

EUR/USD Weekly Outlook

While the dip to 1.0776 was deeper than expected, EUR/USD’s subsequent strong rebound suggests that pullback from 1.0947 has completed already. Initial bias stays on the upside for retesting 1.0947 first. Firm break there will target 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1056. For now, risk will stay on the upside as […]