ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 137.23; (P) 137.75; (R1) 138.21; No change in GBP/JPY's outlook. Near term outlook stays mildly bearish and further decline is expected with 140.08 resistance...

Some selling pressure is seen in Euro in Asian session as the common currency is dipping through Monday's low against Yen and Sterling. French election in April and May is the main focus for the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 136.73; (P) 137.54; (R1) 138.18; Further fall is expected in GBP/JPY with 140.08 resistance intact. But still, choppy price actions from 148.42 are viewed as a...

Dollar edges mildly higher in early Asian session today but quickly turned mixed. The greenback is somewhat supported by comments from Fed officials. St. Louis Fed President James Bullard echoed some...

GBP/JPY Daily OutlookDaily Pivots: (S1) 137.67; (P) 138.19; (R1) 138.67; With 140.08 resistance intact, deeper decline is expected in GBP/JPY. Choppy fall from 144.77 would target medium term...

Risk aversion comes back to drive the market as US President Donald Trump, while he was meeting with China President Xi Jinping, ordered air strike on Syria. That was in response to Syrian...

GBP/JPY Daily OutlookDaily Pivots: (S1) 137.41; (P) 138.22; (R1) 139.00; With 140.08 resistance intact, further fall is expected in GBP/JPY. Decline from 144.77 would target medium term fibonacci...

The tones in the financial markets remain unchanged for the week. US equities attempted for a rally overnight. DJIA surged initially on strong US ADP employment and reached as high as 20887.50. But...

GBP/JPY Daily OutlookDaily Pivots: (S1) 137.06; (P) 137.77; (R1) 138.46; Intraday bias in GBP/JPY remains on the downside for the moment. The choppy decline from 144.77 is still in progress and...

The forex markets are pretty steady in Asian session today. Commodity currencies remain generally soft on mild risk aversion. Traders are cautious ahead of the meeting between US President Donald...

GBP/JPY Daily OutlookDaily Pivots: (S1) 137.87; (P) 138.88; (R1) 139.47; GBP/JPY's recovery failed below 140.60 resistance and drops sharply since then. Break of 137.51 now resumes the choppy decline...

Australian dollar weakens after the Reserve bank of Australia held cash rate unchanged at 1.50% as widely expected and maintained a neutral stance. RBA reiterated in the statement that "taking account...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.13; (P) 139.60; (R1) 140.24; Intraday bias in GBP/JPY remains mildly on the upside for the moment. Fall from 142.79 is likely completed. Break of 140.60...

The forex markets opened the week relatively quietly with the exception of Australian Dollar. Aussie dives broadly after weak retail sales data and stays weak ahead of RBA rate decision. Meanwhile,...

Daily Pivots: (S1) 1.3924; (P) 1.3992; (R1) 1.4034; Intraday bias in EUR/AUD remains neutral for the moment. At this point, we're still mildly favoring the case of trend reversal. And, another rise is...

GBP/JPY Daily Outlook Daily Pivots: (S1) 138.33; (P) 138.96; (R1) 140.19; GBP/JPY's rebound and break of 139.39 minor resistance suggests short term bottoming at 137.51. Fall from 144.77 is possibly...