Logo-color Logo-white

Daily Pivots: (S1) 1.3045; (P) 1.3064; (R1) 1.3089; More… Intraday bias in GBP/USD remains neutral for the moment. Fall from 1.3433 short term top could extend lower. But strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to contained downside. Above 1.3174 minor resistance will turn bias […]

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

previous

USD/CHF Daily Outlook

next

GBP/JPY Daily Outlook

Read More

19/02/2024

EUR/USD Weekly Outlook

EUR/USD edged lower to 1.0694 last week but recovered since then. Initial bias remains neutral this week first. Further decline is in favor with 1.0804 resistance intact. On the downside, below 1.0694 will resume the fall from 1.1138 to retest 1.0447 support. Nevertheless, considering bullish convergence condition in 4H MACD, above 1.0804 will turn bias […]
16/10/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 148.74; (P) 149.33; (R1) 149.80; More… Intraday bias in USD/JPY remains neutral and more consolidations could be seen below 149.97 temporary top. Further rally is expected with 146.48 resistance turned support intact. Above 149.97 will resume the rise from 139.57 to 61.8% retracement of 161.94 to 139.57 at 153.39 next. However, firm […]
02/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2698; (P) 1.2735; (R1) 1.2770; More… While GBP/USD’s pull back from 1.2826 extends lower today, it’s staying above 1.2611 support so far. Intraday bias remains neutral first. On the upside, break of 1.2826 will resume whole rally from 1.2036. However, break of 1.2611 will indicate short term topping, and turn bias back […]