AUD/USD’s rebound from 0.6442 resumed last week and hit as high as 0.6666. Initial bias remains mildly on the upside this week for 61.8% retracement of 0.6877 to 0.6442 at 0.6707 next. Sustained trading above there will argue rise from 0.6442 is probably resuming whole rally from 0.6269. Nevertheless, rejection by 0.6707, followed by sustained […]
Daily Pivots: (S1) 1.2421; (P) 1.2460; (R1) 1.2484; More… Intraday bias in GBP/USD remains neutral at this point and more consolidations could be seen. Recovery should be limited by 1.2577 minor resistance to bring another fall. On the downside, firm break of 1.2407 will resume the decline from 1.2892 to 100% projection of 1.2892 to […]
The post GBP/USD Mid-Day Outlook appeared first on Action Forex.
Share
