GBP/USD is eyeing a key upside break above the 1.2470 resistance zone. EUR/GBP is now consolidating losses above the 0.8825 support. Important Takeaways for GBP/USD and EUR/GBP The British Pound is slowly moving higher from the 1.2365 support against the US Dollar. There is a key bearish trend line forming with resistance near 1.2440 on […]
The post GBP/USD Eyes Bullish Breakout While EUR/GBP Consolidates Losses appeared first on Action Forex.
Daily Pivots: (S1) 1.0438; (P) 1.0483; (R1) 1.0513; More… Intraday bias in EUR/USD remains neutral. Outlook is unchanged that price actions from 1.0176 are forming a corrective pattern only. Strong resistance is expected from 38.2% Read more…
Daily Pivots: (S1) 149.09; (P) 149.48; (R1) 150.12; More… A temporary low is formed at 148.83 with current recovery and intraday bias in USD/JPY is turned neutral first. Further decline is expected as long as Read more…
Daily Pivots: (S1) 1.2594; (P) 1.2643; (R1) 1.2673; More… Intraday bias in GBP/USD remains neutral for consolidations below 1.2689 temporary top. Further rise will remain in favor as long as 1.2522 resistance turned support holds. Read more…