Logo-color Logo-white

GBP/USD lost downside momentum last week, as seen in 4H MACD, even though fall from 1.3433 short term top extended lower. Initial bias stays neutral this week first. Strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to contained downside. Above 1.3174 minor resistance will turn bias […]

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

previous

EUR/CHF Weekly Outlook

next

EUR/JPY Weekly Outlook

Read More

12/06/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9618; (P) 0.9639; (R1) 0.9661; More…. No change in EUR/CHF’s outlook and intraday stays on the downside. Deeper fall would be seen to 0.9563 support. Decisive break there will argue that whole rise from 0.9252 has completed, and bring deeper fall to 61.8% retracement of 0.9252 to 0.9928 at 0.9510. On the […]
21/12/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 156.55; (P) 157.33; (R1) 157.88; More.. EUR/JPY retreated after hitting 158.55 and intraday bias is turned neutral first. On the upside, above 158.55 will resume the rebound from 153.15 to 55 D EMA (now at 158.82). On the downside, break of 153.15 will resume whole fall from 164.39 to 61.8% retracement of […]
24/08/2024

GBP/USD Weekly Outlook

GBP/USD’s rally accelerated higher last week and the break of 1.3141 resistance confirms larger up trend resumption. Initial bias remains on the upside this week for 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. On the downside, below 1.3075 minor support will turn intraday bias neutral and bring consolidations, before staging another rally. […]