ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 137.55; (P) 138.03; (R1) 138.54; Intraday bias in GBP/JPY remains mildly on the downside for the moment. Choppy decline from 144.77 would target 136.44 support...

Dollar attempted for recovery overnight but momentum has been very weak. Boston Fed President Eric Rosengren's hawkish comments provided brief lift to the greenback. But weakness in stocks and yield...

GBP/JPY Daily OutlookDaily Pivots: (S1) 137.81; (P) 138.60; (R1) 139.17; GBP/JPY dips through 137.75 temporary low and intraday bias is turned back to the downside. Choppy decline from 144.77 would...

DJIA rebounded strongly overnight by closing up 150.52 pts or 0.73% at 20701.50. S&P also rebounded by gaining 16.98 pts or 0.73% to close at 2358.57. Some attributed the rebound to strong...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.29; (P) 138.70; (R1) 139.36; Intraday bias in GBP/JPY remains neutral at this moment. Deeper decline is mildly in favor as long as 140.60 resistance holds....

Dollar gains some ground against European majors and Yen as market sentiments stabilized mildly. But near term outlook remains bearish and more downside should be seen in the greenback in near term....

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.34; (P) 138.75; (R1) 139.21; Intraday bias in GBP/JPY stays neutral first. Current development argues that choppy fall from 144.77 is still in progress....

Risk aversion was the dominate theme last week on reverse Trump trade. DJIA suffered the biggest decline this year and lost -317.9 pts or 1.51% to close at 20596.72. S&P 500 dropped -34.27 pts or...

Dollar tumbles broadly in Asian session while the Japanese yen surges. Nikkei also trade deeply in red and is down -1.4%, below 19000 handle, at the time of writing. These developments are seen as...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.33; (P) 138.82; (R1) 139.36; At this point, deeper decline is expected in GBP/JPY with 140.60 minor resistance intact, for 136.44 support and possibly...

The financial markets are holding their breaths as US House delayed the vote of President Donald Trump's health care plan. DJIA recovered to 20757.89 overnight but closed down -0.02% at 20656.68....

GBP/JPY Daily OutlookDaily Pivots: (S1) 137.84; (P) 138.66; (R1) 139.59; GBP/JPY breached 138.53 support but quickly recovered. Current development suggests that deeper fall is underway back to...

New Zealand dollar is steadily in range after RBNZ stands pat as widely expected. The central bank left the Official Cash Rate unchanged at record low of 1.75% and maintained a neutral stance....

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.74; (P) 139.57; (R1) 140.24; GBP/JPY is still staying in tight range above 138.53 support and intraday bias stays neutral. Price actions from 148.42 are...

US equities suffered the steepest decline for the year overnight. Doubts over US president Donald Trump's ability to push through his policies are seen as the major factor driving stocks down. In...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.60; (P) 139.37; (R1) 139.84; GBP/JPY is still staying in tight range above 138.53 support and intraday bias stays neutral. Price actions from 148.42 are...