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GBP/JPY edged higher to 194.89 last week but quickly retreated again. Initial bias stays neutral this week first. On the upside, above 194.89 will resume the rebound from 187.04 towards 198.94 resistance. On the downside, break of 190.71 will bring […]

Range trading continued in USD/CAD last week and outlook is unchanged. Initial bias remains neutral this week first. Overall, price actions from 1.4791 are seen as a corrective pattern. On the upside, break of 1.4541 will extend the second leg

AUD/USD edged higher to 0.6390 last week but reversed from there. Nevertheless, initial bias stays neutral this week first. On the downside, firm break of near term trend line support (now at 0.6250) will argue that corrective pattern from 0.6087

USD/CHF’s consolidation from 0.8757 continued last week and outlook is unchanged. Initial bias remains neutral this week first. In case of stronger recovery, upside should be limited by 0.8911 support turned resistance. On the downside, break of 0.8757 will resume

GBP/USD’s late decline last week suggests short term topping at 1.3013 on bearish divergence condition in 4H MACD. Initial bias is back on the downside for deeper pull back to 38.2% retracement of 1.2248 to 1.3013 at 1.2721. Strong support

USD/JPY’s consolidation pattern from 146.52 extended last week and outlook is unchanged. Initial bias stays neutral this week first. In case of stronger recovery, upside should be limited by 150.92 support turned resistance. On the downside, firm break of 148.17

EUR/USD reversed after edging higher to 1.0953 last week and a short term top should be formed. Initial bias is mildly on the downside this week for 38.2% retracement of 1.0358 to 1.0953 at 1.0726. Strong support should be seen

The dominant trends that shaped Q1 in global markets appear to have run their course, with most major assets entering consolidation phase last week. US stocks staged a mild recovery from steep selloff since mid-February, but upside momentum was notably

EUR/GBP dipped lower last week but lacked follow through momentum. Initial bias remains neutral this week first. On the upside. break of 0.8488 will resume the rise from 0.8239 through 0.8472 resistance to medium term falling channel resistance (now at

Monday, Mar 24, 2025 Tuesday, Mar 25, 2025 Wednesday, Mar 26, 2025 Thursday, Mar 27, 2025 Friday, Mar 28, 2025 The post Summary 3/24 – 3/28 appeared first on Action Forex. Source link ActionForex.com