Logo-color Logo-white

GBP/JPY edged higher to 199.79 last week but retreat again. Initial bias stays neutral this week first for more consolations. Further rally is expected as long as 55 D EMA (now at 194.26) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained break of 55 D EMA will argue […]

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

previous

USD/CHF Weekly Outlook

next

EUR/USD Weekly Outlook

Read More

10/04/2024

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.3546; (P) 1.3572; (R1) 1.3598; More… Intraday bias in USD/CAD is back on the upside with break of 1.3646 resistance. Firm break of channel resistance would prompt upside acceleration, and extend the rally from 1.3176 to 1.3897 resistance next. On the downside, below 1.3554 minor support will turn intraday bias neutral again. […]
15/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3694; (P) 1.3709; (R1) 1.3730; More… Intraday bias in USD/CAD stays on the downside at this point despite weak downside momentum. Fall from 1.3946 would extend towards 1.3588 key support. On the upside, above 1.3674 minor resistance will turn bias back to the upside for stronger recovery. In the bigger picture, price […]
22/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9409; (P) 0.9430; (R1) 0.9448; More… EUR/CHF is still bounded in consolidation from 0.9402 and intraday bias stays neutral. With 0.9543 resistance intact, deeper decline is expected. On the downside, firm break of 0.9407 will confirm larger down trend resumption. Next target is 61.8% projection of 0.9995 to 0.9416 from 0.9683 at […]