Logo-color Logo-white

Daily Pivots: (S1) 1.2608; (P) 1.2626; (R1) 1.2643; More… Intraday bias in GBP/USD remains neutral as range trading continues. Risk stays on the downside as long as 1.2666 support turned resistance. Below 1.2574 will resume the fall from 1.2892 to 1.2517 structural support first. Decisive break there will suggest that rise from 1.2036 has completed […]

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

previous

GBP/JPY Daily Outlook

next

USD/JPY Mid-Day Outlook

Read More

06/02/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6461; (P) 0.6491; (R1) 0.6513; More… Intraday bias in AUD/USD is turned neutral with current recovery. But further decline is expected as long as 0.6621 resistance holds. Break of 0.6468 will resume the fall from 0.6870, as part of the down trend from 0.7156, to 61.8% projection of 0.6870 to 0.6524 from […]
06/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2763; (P) 1.2779; (R1) 1.2803; More….. Intraday bias in GBP/USD remains neutral at this point. As long as 1.2693 support holds, further rally is in favor. Above 1.2816 will resume the rally from 1.2298 to 1.2892 resistance next. On the downside, break of 1.2693 minor support will turn intraday bias to the […]
04/12/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0838; (P) 1.0875; (R1) 1.0922; More… EUR/USD’s fall from 1.1016 is in progress and intraday bias remains on the downside. Deeper decline would be seen to 55 D EMA (now at 1.0766). On the upside, above 1.0912 minor resistance will turn intraday bias neutral again first. Further break of 1.1016 will resume […]