Logo-color Logo-white

Daily Pivots: (S1) 1.3476; (P) 1.3531; (R1) 1.3563; More… Intraday bias in GBP/USD remains neutral for consolidations below 1.3592. Further rise is expected as long as 1.3389 minor support holds. On the upside, firm break of 1.3592 will resume larger rally for 100% projection of 1.2706 to 1.3442 from 1.3138 at 1.3874. However, decisive break […]

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

previous

USD/CHF Mid-Day Outlook

next

USD/JPY Mid-Day Outlook

Read More

06/12/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 149.59; (P) 150.18; (R1) 150.71; More… USD/JPY dips mildly but stays in range above 148.64 and intraday bias remains neutral. On the downside, break of 148.64 will strengthen the case that rise from 139.57 has already completed at 156.754. Deeper fall should then be seen to 61.8% retracement of 139.57 to 156.74 […]
17/03/2025

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.4323; (P) 1.4399; (R1) 1.4442; More… Intraday bias in USD/CAD remains neutral as range trading continues. Price actions from 1.4150 are seen as the second leg of the corrective pattern from 1.4791 high. On the upside, break of 1.4541 will target 100% projection of 1.4150 to 1.4541 from 1.4238 at 1.4629. On […]
03/02/2024

EUR/GBP Weekly Outlook

EUR/GBP edged lower to 0.8512 last week but recovered since then. Initial bias remains neutral this week for some more consolidations. But near term outlook will stay bearish as long as 0.8591 resistance holds. Below 0.8512 will resume the decline from 0.8713 to 0.8491, and then 0.8464 projection level. However, firm break of 0.8591 will […]