Logo-color Logo-white

Daily Pivots: (S1) 1.3039; (P) 1.3071; (R1) 1.3106; More… Immediate focus is now on 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) in GBP/USD as fall from 1.3433 short term top extends. Decisive break there will argue that whole rise from 1.2298 has complete,d and bring deeper fall to 61.8% retracement at […]

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

previous

USD/CAD Mid-Day Outlook

next

USDJPY Faces a Pass or Fail Test

Read More

29/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1087; (P) 1.1138; (R1) 1.1170; More…. EUR/USD’s retreat from 1.1200 extends lower today, but stays well above 1.1007 resistance turned support. Intraday bias remains neutral and larger rally is still expected to continue. On the upside, break of 1.1200 will resume recent rally to 161.8% projection of 1.0665 to 1.0947 from 1.0776 […]
17/08/2024

EUR/AUD Weekly Outlook

EUR/AUD’s correction from 1.7180 short term top continued last week, but downside is contained above 1.6474 support so far. Initial bias remains neutral this week first, and further rally is in favor. On the upside, above 1.6745 will argue that the pullback has completed, and turn bias back to the upside for retesting 1.7180. However, […]
19/10/2024

GBP/USD Weekly Outlook

GBP/USD edged lower to 1.2973 last week but recovered after drawing support from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999). Initial bias remains neutral this week first. On the upside, firm break of 1.3102 resistance will argue that pullback from 1.3433 has completed, and turn bias back to the upside for […]