Daily Pivots: (S1) 160.92; (P) 162.36; (R1) 164.71; More… Break of 165.14 minor resistance suggests that pull back from 168.76 has completed at 159.97. Intraday bias is back on the upside for retesting 168.67. Firm break there will resume larger up trend. On the downside, below 159.97 will extend the correction from 168.67 towards 155.57 […]
The post GBP/JPY Daily Outlook appeared first on Action Forex.
EUR/USD rebounded after initial dip to 1.1653 last week, but stayed in range below 1.1848. Initial bias remains neutral this week first. Rise from 1.1408 is extended to continue as long as 1.1642 support holds. Read more…
USD/JPY’s steep decline last week indicates medium term topping at 160.71, on bearish divergence condition in D MACD. But as a temporary low should be formed at 155.48, initial bias is turned neutral this week Read more…
GBP/USD’s rise from 1.3158 resumed last week but a temporary top should be formed after hitting 1.3657. Initial bias is turned neutral this week for consolidations first. Further rally is expected as long as 1.3453 Read more…