Logo-color Logo-white

Daily Pivots: (S1) 1.3459; (P) 1.3490; (R1) 1.3534; More… Range trading continues in GBP/USD and intraday bias remains neutral. With 1.3389 support intact, further rally is in favor. On the upside, above 1.3594 will resume the rebound from 1.3140 to retest 1.3787 high. On the downside, however, break of 1.3389 support will extend the corrective […]

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

previous

USD/JPY Mid-Day Outlook

next

GBP/JPY Daily Outlook

Read More

11/03/2025

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.86; (P) 159.62; (R1) 160.35; More… Intraday bias in EUR/JPY remains neutral at this point. Overall development suggests that consolidation pattern from 154.40 is extending with another rising leg. On the upside, break of 161.25 will target 164.89 resistance. In the bigger picture, price actions from 175.41 are seen as correction to […]
07/02/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8522; (P) 0.8548; (R1) 0.8563; More… Intraday bias in EUR/GBP stays neutral as sideway trading continues. Further decline is expected with 0.8591 resistance intact. On the downside, below 0.8512 will resume the fall from 0.8713 to 0.8491, and then 0.8464 projection level. However, firm break of 0.8591 will turn bias back to […]
23/01/2025

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.98; (P) 162.60; (R1) 163.57; More… EUR/JPY breach of 162.88 minor resistance argues that corrective pull back from 164.89 has completed at 159.74. Intraday bias is back on the upside for 164.89 resistance. Firm break there will resume the rise from 156.16, as another leg of the corrective pattern from 154.40. On […]