Logo-color Logo-white

GBP/USD rebound strongly after drawing support from 1.2611 last week. Initial bias is now on the upside this week for retesting 1.2826 first. Decisive break there will resume whole rally from 1.2036. Nevertheless, another fall and break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price actions from 1.3141 […]

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

previous

USD/JPY Weekly Outlook

next

USD/CHF Weekly Outlook

Read More

29/06/2024

EUR/GBP Weekly Outlook

EUR/GBP’s recovery from 0.8396 continued last week but upside remains capped below by 0.8482 support turned resistance. Initial bias stays neutral this week and outlook remains bearish bearish. On the downside, below 0.8430 support will turn bias back to the downside for 0.8396 support first. Firm break there will resume larger down trend to 0.8376 […]
06/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6231; (P) 1.6292; (R1) 1.6345; More… Intraday bias in EUR/AUD remains on he downside for the moment. Current fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Deeper decline should be seen to expected to 1.6127 support, or further to 100% projection of 1.7062 to 1.6127 […]
09/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2785; (P) 1.2815; (R1) 1.2838; More… Intraday bias in GBP/USD is turned neutral first as it retreated ahead of 1.2859 resistance. Outlook will stay bullish as long as 1.2612 support holds, even in case of deeper pullback. On the upside, firm break of 1.2859 will resume the rally from 1.2298 and target […]