Daily Pivots: (S1) 1.2979; (P) 1.3011; (R1) 1.3074; More… GBP/USD falls notably today but stays above 1.2842 temporary low. Intraday bias remains neutral at this point. Further decline is expected as long as 1.3047 resistance holds. Below 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering […]
The post GBP/USD Daily Outlook appeared first on Action Forex.
Short Term Elliott Wave View on S&P 500 (SPX) suggests rally from 8.5.2024 low is in progress as an impulse. Up from 8.5.2024 low, wave 1 ended at 5651.6 and pullback in wave 2 ended Read more…
Markets At the moment of writing, the outcome of the US elections is still a developing story. The Republican Party regaining a 51+ majority in the Senate is definitively called. The battle for a House Read more…
Daily Pivots: (S1) 197.18; (P) 197.53; (R1) 198.07; More… GBP/JPY is extending consolidation from 199.79 and intraday bias stays neutral. Further rally is expected as long as 55 D EMA (now at 194.61) holds. Above Read more…