Logo-color Logo-white

GBP/JPY’s decline from 196.38 extender lower last week but stayed well above 190.22 structural support. Initial bias remains neutral this week first. Further rally remains in favor. On the upside, above 194.18 resistance will suggest that the pull back has completed and bring stronger rise back to 196.38. However, sustained break of 190.22 will indicate […]

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

previous

USD/JPY Weekly Outlook

next

USD/CHF Daily Outlook

Read More

10/12/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0526; (P) 1.0560; (R1) 1.0589; More… Intraday bias in EUR/USD remains neutral for the moment. Rebound from 1.0330 short term bottom could still extend higher. But outlook will remain bearish as long as 55 D EMA (now at 1.0711) holds. On the downside, break of 1.0471 minor support will turn bias to […]
18/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6542; (P) 1.6576; (R1) 1.6631; More… Intraday bias in EUR/AUD stays neutral at this point. On the upside, firm break of 1.6606 will retain near term bullishness and bring retest of 1.6742. Break there will resume larger rise from 1.6127. On the downside, however, decisive break of 1.6450 support will argue that […]
24/01/2025

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9051; (P) 0.9080; (R1) 0.9103; More… While USD/CHF pull back from 0.9200 extends lower, downside is still contained above 0.9007 support. Intraday bias remains neutral and further rise is in favor. Above 0.9107 minor resistance will turn bias back to the upside for retesting 0.9200 and 0.9223 key resistance. However, firm break […]