Logo-color Logo-white

Daily Pivots: (S1) 1.3105; (P) 1.3162; (R1) 1.3207; More… GBP/USD’s decline continues today and the break of 1.3140 cluster (38.2% retracement of 1.2099 to 1.3787 at 1.3142) now suggests that a double top pattern (1.3787/3725) was already in place. Intraday bias stays on the downside for 61.8% retracement at 1.2744 next. On the upside break […]

The post GBP/USD Mid-Day Outlook appeared first on Action Forex.

previous

USD/CHF Mid-Day Outlook

next

USD/CAD Weekly Outlook

Read More

23/06/2025

USD/JPY Daily Outlook

Daily Pivots: (S1) 144.88; (P) 145.32; (R1) 145.91; More… USD/JPY accelerates higher today and intraday bias stays on the upside for 148.64 resistance. Firm break there will suggest that rise from 139.87 is reversing the fall from 158.86. Next target is 100% projection of 139.87 to 148.64 from 142.79 at 151.56. On the downside, below […]
12/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 182.01; (P) 183.17; (R1) 184.68; More… Intraday bias in GBP/JPY is turned neutral first with current retreat. On the downside, break of 181.66 minor support will suggest that rebound from 178.58 has completed. Intraday bias will be back to the downside for retesting 178.58 low. Overall outlook will stay bearish as long […]
02/03/2024

EUR/GBP Weekly Outlook

EUR/GBP recovered last week but failed to break through 0.8577 so far. Initial bias remains neutral this week first. Considering bullish convergence condition in D MACD, decisive break of 0.8577 and 55 D EMA (now at 0.8574) will argue that fall from 0.8764 has completed. Intraday bias will be back on the upside for rebound […]