Logo-color Logo-white

Daily Pivots: (S1) 1.2969; (P) 1.2990; (R1) 1.3025; More… Intraday bias in GBP/USD is back on the upside with breach of 1.3009 temporary top. Current rally from 1.2099 should target 1.3433 high. However, firm break of 1.2910 will indicate short term topping, likely with bearish divergence condition in 4H MACD. That would turn intraday bias […]

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

previous

EUR/CHF Daily Outlook

next

USD/CHF Daily Outlook

Read More

27/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2679; (P) 1.2711; (R1) 1.2740; More… Intraday bias in GBP/USD stays neutral and outlook is unchanged. On the upside, firm break of 1.2784 resistance will suggest that consolidation pattern has completed. Further rise should be seen through 1.2826 to resume the rise from 1.2036. Next target will be 1.3141 high. On the […]
30/11/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2662; (P) 1.2697; (R1) 1.2730; More… Intraday bias in GBP/USD is turned neutral first with current retreat and some more consolidations could be seen. Nevertheless, further rally is in favor as long as 1.2426 resistance turned support holds. On the upside, sustained trading above 61.8% retracement of 1.3141 to 1.2036 at 1.2716 […]
28/09/2024

EUR/JPY Weekly Outlook

EUR/JPY reversed after rebounding further to 163.47 last week. The development argues that corrective pattern from 154.40 might have completed with three waves to 163.47 already. Initial bias is back on the downside this week for retesting 154.40/155.14 support zone. For now, risk will stay mildly on the downside as long as 163.47 resistance holds, […]