Logo-color Logo-white

GBP/USD’s strong rebound last week suggests that corrective pullback from 1.2859 has completed at 1.2612 already. Initial bias remains on the upside this week for 1.2859 first. Firm break there will resume the rally from 1.2298 and target 61.8% projection of 1.2298 to 1.2859 from 1.2612 at 1.2959. Decisive break there would prompt upside acceleration […]

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

previous

GBP/JPY Weekly Outlook

next

GBPUSD Wave Analysis

Read More

27/08/2024

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9442; (P) 0.9467; (R1) 0.9482; More…. EUR/CHF’s break of 0.9448 support suggests that rebound from 0.9209 has completed at 0.9579, after rejection by 55 D EMA (now at 0.9569). That also keeps the whole decline from 0.9928 high intact. Intraday bias is back on the downside for retesting 0.9029 low next. For […]
06/04/2024

USD/CAD Weekly Outlook

USD/CAD’s rise from 1.3176 resumed by breaching 1.3613 resistance last week. Initial bias stays on the upside this week for channel resistance at 1.3665 first. Sustained break there would prompt upside acceleration towards 1.3897 resistance next. For now, near term outlook will stay bullish as long as 1.3477 support holds, in case of retreat. In […]
26/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0689; (P) 1.0716; (R1) 1.0742; More…. Intraday bias in EUR/USD remains neutral and outlook stays bearish with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective pattern. Break of 1.0667 will target 1.0601 and below. However, firm break of 1.0760 will turn intraday bias back to […]