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Daily Pivots: (S1) 1.3127; (P) 1.3178; (R1) 1.3211; More… Immediate focus is now on 1.3265 resistance as GBP/USD’s rise from 1.3000 extends today. Decisive break of 1.3265 will resume larger rally 1.3364 projection level next. On the downside, however, break of 1.3145 support will turn bias to the downside, to extend the corrective pattern from […]

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

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EUR/USD Daily Outlook

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07/02/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8669; (P) 0.8694; (R1) 0.8731; More…. Break of 0.8272 resistance suggest that USD/CHF’s rebound from 0.8332 is resuming. Intraday bias is back on the upside. Further rally should be seen to 61.8% retracement of 0.9243 to 0.8332 at 0.8995 next. On the downside, below 0.8689 minor support will turn intraday bias neutral […]
22/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3246; (P) 1.3311; (R1) 1.3345; More… Intraday bias in USD/CAD stays on the downside for the moment. Current fall from 1.3897 is in progress and would targets a retest on 1.3091 support. On the upside, above 1.3369 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long […]
27/01/2024

USD/CAD Weekly Outlook

USD/CAD stayed in consolidation below 1.3540 last week and outlook is unchanged. Initial bias stays neutral this week first, and further rally is in favor. Fall from 1.3897 should have completed at 1.3716. Break of 1.3540 will target 1.3617 cluster resistance (61.8% retracement of 1.3897 to 1.3176 at 1.3622). Decisive break there will pave the […]