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GBP/USD’s decline from 1.3433 resumed last week and hit as low as 1.2596. Initial bias stays on the downside this week and further fall should be seen to 100% projection of 1.3433 to 1.2842 to 1.3047 at 1.2456. On the upside, above 1.2719 minor resistance will turn intraday bias neutral first. But outlook will stay […]

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

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07/02/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.58; (P) 148.19; (R1) 148.55; More… Intraday bias in USD/JPY remains neutral for the moment, and outlook is unchanged. Focus remains on 148.79 resistance. Firm break there will resume the rally from 140.25 to 151.89/93 key resistance zone. For now, further rise will remain in favor as long as 145.88 holds, in […]
17/10/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 193.63; (P) 194.47; (R1) 195.24; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside, break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. Sustained break there will target 208.09 high. On the downside, below 192.87 minor support will […]
26/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3465; (P) 1.3542; (R1) 1.3586; More… Intraday bias in USD/CAD remains on the downside for the moment. Fall from 1.3946 is in progress for 1.3477 support. Firm break there will target 1.3091/3176 support zone. On the upside, above 1.3617 resistance will turn intraday bias neutral first. In the bigger picture, current development […]