Daily Pivots: (S1) 1.3690; (P) 1.3720; (R1) 1.3738; More… Intraday bias in GBP/USD remains on the upside for 1.3833 resistance first. As noted before, corrective fall from 1.4282 should have completed with three waves down to 1.3158, after hitting 1.3164 medium term fibonacci level. Sustained break of 1.3833 will pave the way back to retest […]
The post GBP/USD Daily Outlook appeared first on Action Forex.
US 100 index trades sideways, a tad below its all-time high It continues to battle with the August 5, 2024 trendline Momentum indicators are modestly bullish at this stage The US 100 cash index is Read more…
The start of the final trading week of November has been eventful. Several currency pairs experienced a “gap” or price difference between Friday’s close and Monday’s opening. For instance, the GBP/USD pair opened 60 pips Read more…
USDJPY loses ground around 200-day SMA RSI and MACD head south USDJPY has declined considerably toward the 200-day simple moving average (SMA) around 152.10, with the potential to hit the short-term uptrend line before heading Read more…