Daily Pivots: (S1) 1.2634; (P) 1.2662; (R1) 1.2711; More… GBP/USD recovers further today but stays well below 1.2842 support turned resistance. Intraday bias remains neutral and outlook stays bearish. On the downside, break of 1.2596 will resume the fall from 1.3433 to 100% projection of 1.3433 to 1.2842 to 1.3047 at 1.2456. In the bigger […]
The post GBP/USD Daily Outlook appeared first on Action Forex.
GBPJPY gains ground after upbeat UK CPI data Technical signals endorse bullish efforts Buyers need confirmation above 197.35 GBPJPY advanced to an intra-day high of 197.77 after hotter-than-expected UK CPI inflation data gave traders confidence that the Read more…
Daily Pivots: (S1) 1.0545; (P) 1.0574; (R1) 1.0625; More… Intraday bias in EUR/USD remains neutral and more consolidations could be seen above 1.0495. Outlook will stay bearish as long as 1.0760 support turned resistance holds. Read more…
Daily Pivots: (S1) 153.70; (P) 154.25; (R1) 155.21; More… USD/JPY rebounded after dipping to 153.27 and the break of 155.35 minor resistance suggests that pull back from 156.74 has completed. Intraday bias is back on Read more…