Logo-color Logo-white

Daily Pivots: (S1) 1.2638; (P) 1.2715; (R1) 1.2760; More… GBP/USD is staying in consolidation below 1.2793 and intraday bias remains neutral at this point. While deeper retreat cannot be ruled out, outlook will stay cautiously bullish as long as 1.2499 support holds. On the upside, firm break of 1.2793 will resume the rally from 1.2036. […]

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

previous

USD/JPY Weekly Outlook

next

USD/CHF Daily Outlook

Read More

16/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2705; (P) 1.2735; (R1) 1.2758; More… GBP/USD is staying in range of 1.2611/2826 despite today’s decline. Intraday bias remains neutral first. On the upside, decisive break of 1.2826 will resume whole rally from 1.2036. Nevertheless, break of 1.2611 will bring deeper decline to 1.2499 support instead. In the bigger picture, price actions […]
11/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 206.68; (P) 207.25; (R1) 208.34; More… GBP/JPY’s rally resumed and hits as high as 208.08 so far. Intraday bias is now on the upside for 138.2% projection of 191.34 to 200.72 from 197.18 at 210.17. On the downside, below 206.12 minor support will turn intraday bias neutral and bring consolidations first. In […]
18/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 141.57; (P) 142.02; (R1) 142.61; More… Intraday bias in USD/JPY remains neutral as consolidation from 140.94 is extending. Stronger recovery cannot be ruled out. But upside should be limited well below 146.58 resistance to bring another decline. On the downside, break of 140.94 will resume the fall from 151.89 to next fibonacci […]