Intraday bias in USD/CHF remains on the downside at this point. Break of 0.8184 support will solidify the case that correction from 0.8038 has completed at 0.8475. Further break of 0.8038 will resume larger down trend to 61.8% projection of 0.9200 to 0.8038 from 0.8475 at 0.7757 next. On the upside, above 0.8347 minor resistance will delay the bearish case and turn intraday bias neutral again first.

Action Forex

22.05.2025

USD/JPY Daily Outlook - Action Forex

Intraday bias in USD/JPY remains on the downside for the moment. Rebound from 139.87 could have completed as a correction to 148.64 already. Deeper fall would be seen back to retest this support. For now, risk will stay on the downside as long as 146.08 minor resistance holds, in case of recovery.

Action Forex

22.05.2025

AUD/USD Daily Report - Action Forex

AUD/USD is staying in sideway trading and intraday bias remains neutral. Further rise is in favor with 0.6356 support intact. One the upside, break of 0.6511 will resume the rise from 0.5913 and target 61.8% retracement of 0.6941 to 0.5913 at 0.6548. However, firm break of 0.6356 will bring deeper pullback to 38.2% retracement of 0.5913 to 0.6511 at 0.6283 first.

Action Forex

22.05.2025

GBP/USD Daily Outlook - Action Forex

Intraday bias in GBP/USD remains on the upside at this point. Decisive break of 1.3433/42 key resistance zone will confirm larger up trend resumption. Next near term target will be 61.8% projection of 1.2706 to 1.3442 from 1.3138 at 1.3593, and then 100% projection at 1.1.3874. On the downside, below 1.3333 minor support will delay the bullish case and turn intraday bias neutral first.

home›Action Forex

Action Forex

Economy

USD/CHF Daily Outlook - Action Forex

USD/JPY Daily Outlook - Action Forex

AUD/USD Daily Report - Action Forex

GBP/USD Daily Outlook - Action Forex

home
›
Action Forex