GBP/USD Weekly Outlook

GBP/USD dipped to 1.2099 last week but recovered since then. Initial bias remains neutral this week for consolidations. While stronger recovery cannot be ruled out, outlook will remain bearish as long as 1.2486 support turned resistance holds. On the downside, break of 1.2099 will resume the fall from 1.3433 to 100% projection of 1.3433 to […]

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

15/12/2024

GBP/USD’s decline last week suggests that corrective recovery from 1.2486 might have completed at 1.2810 already. Break of 1.2615 should affirm this case, and bring deeper decline through 1.2486 to resume the whole fall from 1.3433. Next target will be 1.2298 cluster support zone. In the bigger picture, price actions from 1.3433 medium term are […]

28/06/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9592; (P) 0.9607; (R1) 0.9636; More…. Intraday bias in EUR/CHF remains neutral and outlook is unchanged. Further decline is expected as long as 0.9683 resistance holds. On the downside, break of 0.9476, and sustained trading below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 will bring retest of 0.9252 low next. In […]

01/03/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8776; (P) 0.8794; (R1) 0.8803; More…. USD/CHF is still bounded in consolidation from 0.8884 and intraday bias remains neutral. With 0.8727 resistance turned support intact, further rally is expected. On the upside, above 0.8884 will resume the rise from 0.8332 towards 0.9243 resistance. However, sustained break of 0.8727 will dampen this bullish […]

GBP/USD Weekly Outlook

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EUR/CHF Weekly Outlook

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