Logo-color Logo-white

Daily Pivots: (S1) 1.3344; (P) 1.3383; (R1) 1.3417; More… GBP/USD is extending consolidation from 1.3433 and intraday bias stays neutral. Further rally is expected as long as 1.3265 resistance turned support holds. Above 1.3433 will resume larger rise to 100% projection of 1.2664 to 1.3265 from 1.3000 at 1.3601 next. Nevertheless, considering bearish divergence condition […]

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

26/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 163.54; (P) 163.88; (R1) 164.43; More… EUR/JPY is staying in consolidation from 165.33 and intraday bias remains neutral. Downside of current retreat should be contained by 55 4H EMA (now at 163.41) to bring rebound. On the upside, break of 165.33 will resume larger up trend to 61.8% projection of 153.15 to […]
10/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0842; (P) 1.0863; (R1) 1.0879; More… EUR/USD retreated after edging higher to 1.0884 and intraday bias is turned neutral again. Further rise would be mildly in favor as long as 1.0790 minor support holds. Above 1.0884 will resume the rebound form 1.0723 to 1.0941 resistance first. However, break of 1.0790 will turn […]
14/11/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2673; (P) 1.2721; (R1) 1.2757; More… GBP/USD’s fall from 1.3433 continues today and intraday bias stays on the downside. Next target is 100% projection of 1.3433 to 1.2842 to 1.3047 at 1.2456. On the upside, above 1.2768 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long […]