Action Insight is the most popular section of the site, read by traders around the world. Our team of analysts work around the clock, analyzing the markets from technical and fundamental perspectives in providing the reports in this section to you.
- Market overviews covers major happenings in the markets as well as their impacts.
- Technical analysis of specific currency pair will be found in the technical outlook section. Covered pairs include EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, EUR/JPY, EUR/CHF, EUR/GBP, GBP/JPY
- Special reports covers medium to longer term forecasts on exchange rates based on fundamentals, central bank meetings previews and reviews, plus any current issues that will have an impact on exchange rates.
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 17 12 06:26 GMT
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Despite dipping to 1.5602 last week, GBP/USD staged a strong rebound from there and the development argues that pull back fro 1.5991 is finished already. Initial bias is mildly on the upside this week for a test on 1.5991. Break will confirm resumption of whole rebound form 1.5234 and should target 1.6165 key cluster resistance (61.8% retracement of 1.6746 to 1.5234 at 1.6168). But still note that again that as long as 1.6165 holds, whole decline from 1.6746 is in favor to extend. On the downside, break of 1.5602 will revive the case that rebound from 1.5234 is finished and will bring retest of this support level.
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 16 12 14:36 GMT
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GBP/USD rises sharply to as high as 1.5860 in early US session and the break of 1.5832 resistance suggests that choppy fall from 1.5991 is finished at 1.5602. The corrective structure in turn argue that rise from 1.5234 is not finished yet. Intraday bias is back to the upside for a test on 1..5991. Break will target key resistance level at 1.6165.
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 16 12 07:19 GMT
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More consolidations could be seen above 1.5602. But we remain cautiously bearish in GBP/USD with 1.5832 resistance intact. A note before prior break of 1.5648 support indicates that rebound from 1.5234 has finished at 1.5991 already. Below 1.5602 will target a retest on 1.5234 low. Also note again that recent development indicates that whole decline form 1.6746 is still in progress. Break of 1.5234 will target 1.5 psychological level next. Though, break of 1.5832 will dampen our bearish view and turn focus back to 1.5991.
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 15 12 12:56 GMT
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Further fall is still expected in GBP/USD with 1.5832 resistance intact. As noted before, price break of 1.5648 support indicates that rebound from 1.5234 has finished at 1.5991 already. . Below 1.5602 will target a retest on 1.5234 low. Also note again that recent development indicates that whole decline form 1.6746 is still in progress. Break of 1.5234 will target 1.5 psychological level next. Though, break of 1.5832 will dampen our bearish view and turn focus back to 1.5991.
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 15 12 07:15 GMT
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Further fall is still expected in GBP/USD with 1.5832 resistance intact. As noted before, price break of 1.5648 support indicates that rebound from 1.5234 has finished at 1.5991 already. . Below 1.5602 will target a retest on 1.5234 low. Also note again that recent development indicates that whole decline form 1.6746 is still in progress. Break of 1.5234 will target 1.5 psychological level next. Though, break of 1.5832 will dampen our bearish view and turn focus back to 1.5991.
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 14 12 12:45 GMT
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Some consolidations could be seen above 1.5602 temporary low. But near term outlook in GBP/USD remains bearish with 1.5832 resistance intact. Rebound from 1.5234 should have completed at 1.5991 already. Below 1.5602 will target a retest on 1.5234 low. Also note again that recent development indicates that whole decline form 1.6746 is still in progress. Break of 1.5234 will target 1.5 psychological level next. Though, break of 1.5832 will dampen our bearish view and turn focus back to 1.5991.
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 14 12 07:26 GMT
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Downside momentum in GBP/USD is a bit unconvincing for the moment. But near term outlook will remain bearish as long as 1.5832 resistance holds. Rebound from 1.5234 should have completed at 1.5991 already and deeper fall is expected to retest 1.5234 low. Also note again that recent development indicates that whole decline form 1.6746 is still in progress. Break of 1.5234 will target 1.5 psychological level next. Though, break of 1.5832 will dampen our bearish view and turn focus back to 1.5991.
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 13 12 13:33 GMT
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Intraday bias in GBP/USD remains on the downside for the moment. As noted before, the break of 1.5648 support confirmed that rebound from 1.5234 is finished at 1.5991 already. Further fall should be seen to 1.5234 low. Also note again that recent development indicates that whole decline form 1.6746 is still in progress. Break of 1.5234 will target 1.5 psychological level next. On the upside, above 1.5694 minor resistance will turn bias neutral and bring consolidations first before staging another fall.
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 13 12 07:34 GMT
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Intraday bias in GBP/USD remains on the downside for the moment. As noted before, the break of 1.5648 support confirmed that rebound from 1.5234 is finished at 1.5991 already. Further fall should be seen to 1.5234 low. Also note again that recent development indicates that whole decline form 1.6746 is still in progress. Break of 1.5234 will target 1.5 psychological level next. On the upside, above 1.5694 minor resistance will turn bias neutral and bring consolidations first before staging another fall.
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 12 12 14:41 GMT
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GBP/USD drops further to as low as 1.5605 so far in early US session. The strong break of 1.5648 support confirmed that rebound from 1.5234 is finished at 1.5991 already. Intraday bias remains on the downside and further fall should be seen to 1.5234 low. Also note again that recent development indicates that whole decline form 1.6746 is still in progress. Break of 1.5234 will target 1.5 psychological level next. On the upside, above 1.5694 minor resistance will turn bias neutral and bring consolidations first before staging another fall.
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