Logo-color Logo-white

Daily Pivots: (S1) 1.2536; (P) 1.2575; (R1) 1.2608; More… GBP/USD is staying in range above 1.2486 temporary low and intraday bias stays neutral. More consolidations could be seen and further decline is expected as long as 1.2713 resistance holds. On the downside, break of 12487 will resume the fall from 1.3433 to 1.2298 cluster support […]

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

previous

EUR/USD Mid-Day Outlook

next

USD/CHF Daily Outlook

Read More

10/11/2024

AUD/USD Weekly Report

AUD/USD rebounded to 0.6687 last week but was rejected by 55 D EMA (now at 0.6681). Initial bias is turned neutral this week first. For now, further rise is mildly in favor as long as 0.6551 short term bottom holds. Above 0.6687 will target 61.8% retracement of 0.6941 to 0.6511 at 0.6777. On the downside, […]
16/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2955; (P) 1.2975; (R1) 1.2988; More… Intraday bias in GBP/USD is turned neutral first with current retreat. Some consolidations would be seen below 1.2994 temporary top first. But further rally is expected as long as 1.2859 resistance turned support holds. Above 1.2994 will resume the rally from 1.2298 and target 100% projection […]
28/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0658; (P) 1.0688; (R1) 1.0710; More…. Range trading continues in EUR/USD and intraday bias remains neutral. Outlook stays bearish with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective pattern. Firm break of 1.0667 will target 1.0601 and below. However, decisive break of 1.0760 will turn […]