Forex Opinion & Analysis

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.49; (P) 149.02; (R1) 149.62;With 150.56 minor resistance intact, the correction from 156.77 is expected to continue lower. Break of 146.42 will confirm that...

USD/JPY Open 95.49 High 95.76 Low 94.40 Close 95.28On Tuesday, the USD/JPY increased by a 135 pip range. The currency couple appreciated from 94.40 to 95.76 yesterday, matching the positive money flow...

The big event of the day will be when the Federal Open Market Committee (FOMC) announces its decision on monetary policy and then Fed Chairman Bernanke meets the press to clarify any...

GBP/USD Open 1.5632 High 1.5724 Low 1.5563 Close 1.5637On Tuesday, the GBP/USD decreased significantly by 160 pips. The Cable depreciated from 1.5724 to 1.5563 yesterday, in line with the negative...

Tuesday’s forecast went in our direction for the most past, in fact except for one pair all other pairs behaved as we thought it would. Today we could see Japanese Yen gaining some steam. With...

EUR/USDTrading range: 1.3375 - 1.3475Trend: UpwardBuy at 1.3386 SL 1.3354 TP 1.3463USD/JPYTrading range: 95.55 - 94.65Trend: DownwardSell at 95.43 SL 95.75 TP 94.71GBP/USDTrading range: 1.5615 -...

The Aussie was a little tricky yesterday, but once .9500 broke down we bypassed .9465 for .9435. Now only the 240 min chart is showing any sign of impending strength, the 60 and daily charts are...

USD/JPY shallow rebound leaves bear risks intact into FOMCA minor advance, but still confined to the breakdown range from last Thursday after a very weak Friday close, with consolidation still in the...

EUR/USD rebounded strongly during early European hours yesterday after suffering declines during Asian trade. The decline was sparked by the rebound off the 1.338 ceiling, and was further exacerbated...