Logo-color Logo-white

Daily Pivots: (S1) 197.79; (P) 198.66; (R1) 200.02; More… Intraday bias in GBP/JPY remains neutral as consolidation from 199.79 could extend. Further rally is expected as long as 55 D EMA (now at 194.80) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained break of 55 D EMA will […]

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

previous

AUD/USD Daily Report

next

EUR/CHF Daily Outlook

Read More

16/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8517; (P) 0.8554; (R1) 0.8572; More…. EUR/GBP’s corrective fall from 0.8624 resumed by breaking through 0.8530. Intraday bias is back on the downside for 100% projection of 0.8624 to 0.8530 from 0.8591 at 0.8497, which is close to 55 D EMA (now at 0.8494). Strong support should be seen there to bring […]
10/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8481; (P) 0.8501; (R1) 0.8512; More… EUR/GBP’s strong break of 0.8491 support confirms resumption of larger down trend. Intraday bias is back on the downside for 0.8376 projection level next. On the upside, break of 0.8539 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of […]
14/08/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2792; (P) 1.2833; (R1) 1.2903; More… Intraday bias in GBP/USD remains on the upside at this point. Pull back from 1.3043 could have completed at 1.2664 already. Further rise should be seen to retest 1.3043 resistance first. Firm break there will resume whole rally from 1.2998 to 61.8% projection of 1.2298 to […]