Logo-color Logo-white

Daily Pivots: (S1) 1.3309; (P) 1.3338; (R1) 1.3360; More… Breach of 1.3260 suggests that GBP/USD’s fall is resuming. Intraday bias is back on the downside for 1.3140 cluster (38.2% retracement of 1.2099 to 1.3787 at 1.3142). Strong support is expected from there to complete the corrective pattern from 1.3787. On the upside, above 1.3370 minor […]

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

previous

USD/CHF Mid-Day Outlook

next

EUR/JPY Daily Outlook

Read More

05/10/2024

USD/CHF Weekly Outlook

USD/CHF’s rebound from 0.8374 resumed last week by breaking through 0.8548 resistance last week. Initial bias stays on the upside this week for 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has completed after defending 0.8332 low. Next target will be 61.8% retracement at 0.8899. On […]
08/10/2025

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3437; (P) 1.3464; (R1) 1.3511; More… Range trading continues in GBP/USD and intraday bias stays neutral. With 1.3535 resistance intact, further decline is mildly in favor. On the downside, break of 1.3322 will resume the fall from 1.3725 to 1.3140 support. On the upside, though, firm break of 1.3535 will argue that […]
24/02/2024

EUR/AUD Weekly Outlook

EUR/AUD was still stuck in sideway trading last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be seen to 1.6844 resistance for confirmation. […]