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

21/09/2024

USD/CAD Weekly Outlook

USD/CAD edged higher to 1.3646 last week but failed to sustain above 38.2% retracement of 1.3946 to 1.3439 at 1.3633. Yet, subsequent retreat was contained at 1.3532. Initial bias remains neutral this week first. On the downside, break of 1.3532 will argue that corrective recovery from 1.3439 has already completed, and bring retest of this […]
26/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8335; (P) 0.8354; (R1) 0.8374; More… Intraday bias in EUR/GBP remains neutral for consolidation above 0.8316 temporary low. Outlook will remain bearish as long as 0.8399 support turned resistance holds. On the downside, below 0.8316 will resume the fall from 0.8624 to 100% projection of 0.8624 to 0.8399 from 0.8463 at 0.8237 […]
16/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 153.34; (P) 153.89; (R1) 154.83; More… USD/JPY’s rally is still in progress and intraday bias stays on the upside. Current up trend should target 155.20 fibonacci projection level next. On the downside, below 154.12 minor support will turn intraday bias neutral and bring consolidations again, before staging another rally. In the bigger […]