Logo-color Logo-white

Daily Pivots: (S1) 1.2793; (P) 1.2920; (R1) 1.3007; More… Intraday bias in GBP/USD remains neutral and more consolidations would be seen. Further decline is expected as long as 1.3047 resistance holds. Below 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish convergence condition in 4H […]

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

previous

EUR/AUD Daily Outlook

next

EUR/USD Mid-Day Outlook

Read More

16/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9662; (P) 0.9702; (R1) 0.9721; More… No change in EUR/CHF’s outlook as correction from 0.9847 is in progress. Intraday bias stays mildly on the downside for 38.2% retracement of 0.9252 to 0.9847 at 0.9620. But strong support is expected from there to contain downside to bring rebound, and set the range for […]
18/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 154.11; (P) 154.43; (R1) 154.71; More… Intraday bias in USD/JPY remains neutral for the moment. Considering bearish divergence condition in 4H MACD, in case of another rise, upside should be limited by 155.20 fibonacci projection level. On the downside, break of 153.89 minor support will turn bias back to the downside for […]
22/10/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8318; (P) 0.8329; (R1) 0.8340; More… As long as 0.8433 resistance holds, EUR/GBP’s down trend is still in progress for 0.8201 key support next. Strong support could be seen from there to bring rebound. But for now, break of 0.8433 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay […]