Logo-color Logo-white

Daily Pivots: (S1) 1.3344; (P) 1.3383; (R1) 1.3417; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.3433 is extending. Further rally is expected as long as 1.3265 resistance turned support holds. Above 1.3433 will resume larger rise to 100% projection of 1.2664 to 1.3265 from 1.3000 at 1.3601 next. Nevertheless, considering bearish divergence […]

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

previous

GBP/USD Mid-Day Outlook

next

GBP/JPY Daily Outlook

Read More

18/12/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.39; (P) 161.43; (R1) 162.09; More… Intraday bias in EUR/JPY stays neutral for consolidations below 162.46 temporary top. Another rise is in favor as long as 159.09 support holds. Sideway pattern from 154.40 might still be in progress with another rising leg. Break of 162.46 will target 166.67 resistance. Nevertheless, break of […]
29/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3196; (P) 1.3216; (R1) 1.3249; More… Intraday bias in USD/CAD is turned neutral first with current recovery. On the downside, break of 1.3176 will resume the fall from 1.3897 to 1.3091 support and possibly below. Nevertheless, considering bullish convergence condition in 4H MACD, break of 1.3284 will indicate short term bottoming, and […]
10/07/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6024; (P) 1.6053; (R1) 1.6071; More… Intraday bias in EUR/AUD remains neutral for the moment. Consolidation from 1.5996 could extend further. Outlook will remain bearish as long as 1.6211 support turned resistance holds. On the downside, break of 1.5996 will target 100% projection of 1.6679 to 1.6211 from 1.6418 at 1.5950. Firm […]