Logo-color Logo-white

GBP/USD dipped to 1.3211 last week but quickly recovered. Initial bias is turned neutral this week first. Risk will stay mildly on the downside as long as 1.3442 short term top holds. Below 1.3211 will target 55 D EMA (now at 1.3058). In the bigger picture, price actions from 1.3433 are seen as a corrective […]

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

previous

USD/JPY Weekly Outlook

next

USD/CHF Daily Outlook

Read More

28/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8494; (P) 0.8507; (R1) 0.8517; More… Intraday bias in EUR/GBP remains neutral first. Further decline is expected as long as 55 D EMA (now at 0.8559) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. In the bigger picture, outlook remains bearish as EUR/GBP is capped […]
22/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3477; (P) 1.3510; (R1) 1.3563; More… Intraday bias in USD/CAD remains neutral as range trading continues inside 1.3419/3612. On the upside, break of 1.3612 will confirm resumption of the rebound from 1.3176. On the downside, firm break of 1.3419 support will argue that rebound from 1.3176 has completed. Near term outlook will […]
10/01/2025

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0281; (P) 1.0302; (R1) 1.0321; More… EUR/USD is still bounded in range of 1.0223/0457 and intraday bias stays neutral for the moment. With 1.0457 resistance intact, outlook stay bearish. On the downside, firm break of 1.0223 will resume the fall from 1.1213. However, sustained break of 1.0457 will confirm short term bottoming, […]