Logo-color Logo-white

EUR/GBP’s strong rally last week argues that pullback from 0.8750 might have completed, after drawing support from 55 D EMA (now at 0.8672). Initial focus is now on 0.8750 resistance this week. Firm break there will resume larger rise from 0.8221 to 0.8867 fibonacci level. On the downside, through, break of 0.8654 support will now […]

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

previous

EUR/JPY Weekly Outlook

next

EUR/USD Daily Outlook

Read More

GBP/JPY Weekly Outlook

GBP/JPY’s rebound last week suggests that pullback from 205.30 has completed at 200.67 already. Initial bias stays mildly on the upside for retesting 205.30 first. Firm break there will resume larger rise to 61.8% projection of 184.35 to 199.96 from 197.47 at 207.11. However, break of 201.89 will turn bias to the downside to extend […]
02/12/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0548; (P) 1.0572; (R1) 1.0603; More… Intraday bias in EUR/USD stays neutral at this, despite today’s dip. Outlook remains bearish with 1.0609 resistance intact. On the downside, break of 1.0330 will resume the fall from 1.1213. Also, sustained trading below 1.0404 key fibonacci level will carry larger bearish implication. Nevertheless, firm break […]
15/08/2024

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 161.02; (P) 161.81; (R1) 163.02; More… EUR/JPY’s break of 38.2% retracement of 175.41 to 154.40 at 162.42 suggests that fall from 175.41 has completed at 154.40. Rise from there is now seen as the second leg of the corrective pattern from 175.41. Intraday bias is on the upside or 61.8% retracement at […]