Logo-color Logo-white

Daily Pivots: (S1) 1.2883; (P) 1.2937; (R1) 1.3004; More… Intraday bias in GBP/USD remains neutral for the moment. Consolidation from 1.3013 could still extend. In case of another fall, downside should be contained by 38.2% retracement of 1.2248 to 1.3013 at 1.2721 to bring rebound. On the upside, break of 1.3013 will resume the rally […]

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

previous

GBP/USD Mid-Day Outlook

next

USD/JPY Daily Outlook

Read More

16/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6226; (P) 1.6284; (R1) 1.6320; More… Range trading continues in EUR/AUD and intraday bias stays neutral. While stronger recovery might be seen, further decline is expected as long as 1.6494 resistance holds. Fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Break of 1.6216 will turn […]
29/01/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6563; (P) 0.6586; (R1) 0.6599; More… Intraday bias in AUD/USD remains neutral for the moment, as consolidation continues above 0.6524. Further fall is expected with 0.6639 minor resistance intact. On the downside, firm break of 0.6524 support will argue that whole rebound from 0.6269 has completed, and bring deeper fall to this […]
06/05/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0720; (P) 1.0766; (R1) 1.0809; More… Intraday bias in EUR/USD stays on the upside at this point. Fall from 1.0980 could have completed with three waves down to 1.0601. Further rally is expected and firm break of 100% projection of 1.0601 to 1.0752 from 1.0648 at 1.0799 will pave the way to […]