Logo-color Logo-white

Daily Pivots: (S1) 1.3028; (P) 1.3074; (R1) 1.3137; More… Intraday bias in GBP/USD remains on the upside for the moment. Decisive break of r 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 high, will confirm larger up trend resumption for 100% projection at 1.3409. On the downside, below […]

The post GBP/USD Mid-Day Outlook appeared first on Action Forex.

previous

AUD/USD Daily Report

next

EUR/USD Mid-Day Outlook

Read More

02/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2513; (P) 1.2578; (R1) 1.2617; More… GBP/USD’s decline is still in progress and intraday bias stays on the downside for 1.2517 structural support. Decisive break there will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. For now, risk will stay on the downside as […]
01/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9007; (P) 0.9018; (R1) 0.9029; More…. USD/CHF is staying below 0.9070 resistance despite current recovery. Intraday bias remains neutral first. Nevertheless, further rally is expected as long as 0.8964 support holds. Firm break of 0.9070 will resume larger rise from 0.8332 towards 0.9243 key resistance next. In the bigger picture, price actions […]
24/08/2024

EUR/JPY Weekly Outlook

EUR/JPY stayed in sideway trading below 163.86 last week and outlook is unchanged. Initial bias stays neutral this week first. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, however, firm break of 159.80 support […]