Logo-color Logo-white

GBP/JPY retreated deeply after failing to break through 193.51 resistance, but recovered after breaching 190.02 support. Initial bias remains neutral this week first. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 190.02 will indicate that it’s at least correcting the rise from 178.32, […]

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

previous

EUR/USD Mid-Day Outlook

next

EUR/JPY Weekly Outlook

Read More

19/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0900; (P) 1.0916; (R1) 1.0939; More… No change in EUR/USD’s outlook as consolidation from 1.1008 is still extending. Intraday bias stays neutral at this point. Further rally is expected as long as 1.0722 support holds. On the upside, break of 1.1016 will resume the whole rise from 1.0447 to retest 1.1274 high. […]
19/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 154.18; (P) 154.43; (R1) 154.90; More… USD/JPY’s correction from 154.77 extended lower to 153.58 but recovered just ahead of 55 4H EMA (now at 153.56). Intraday bias remains neutral first. On the upside, break of 154.77 will resume larger up trend. But considering divergence condition in 4H MACD upside should be limited […]
12/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0936; (P) 1.0967; (R1) 1.1005; More… Range trading continues in EUR/USD and intraday bias remains neutral. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to 1.0722 support next. However, break of 1.0997 will turn bias back to the upside for retesting 1.1138 high instead. In […]