ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.64; (P) 139.14; (R1) 139.55; GBP/JPY remains bounded in range of 138.53/142.79. Intraday bias remains neutral at this point. We're treating price actions...

Sterling weakens broadly yesterday and is trading as the second weakest major currency for the week at the moment. The House of Lords in US passed an amended bill on Brexit yesterday after having the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.99; (P) 139.64; (R1) 140.03; GBP/JPY dips mildly today but it's, after all, bounded in range of 138.53/142.79. Intraday bias remains neutral at this point....

Yen pared back some gains and turned mixed as risk aversion recedes. Dollar also trades mixed as traders await fresh directions. On the other hand, commodity currencies recovered in general and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.62; (P) 140.05; (R1) 140.52; GBP/JPY is staying in range of 138.53/142.79 and outlook is unchanged. Initial bias stays neutral for the moment. Price...

The Japanese Yen jumps broadly in Asian session today on risk aversion as North Korea fired four ballistic missiles into nearby waters. Some analysts pointed out that the missile tests reminded the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.80; (P) 140.27; (R1) 140.81; GBP/JPY is still bounded in range of 138.53/142.79 and intraday bias remains neutral for the moment. Overall, price actions...

US equities pared back some gains overnight on profit taking after a strong run. DJIA closed down -112.58 pts, or -0.53%, at 21002.97. S&P 500 dropped -14.04 pts, or -0.59%, to close at 2381.92....

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.27; (P) 140.00; (R1) 140.50; GBP/JPY is still bounded in range of 138.53/142.79 and intraday bias remains neutral for the moment. Overall, price actions...

Strong risk appetite boosted US markets to new record highs overnight. DJIA jumped 303.31 pts, or 1.46%, to close at 21115.55. S&P 500 rose 32.32 pts, or 1.37%, to close to 2395.96. NASDAQ also...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.84; (P) 139.57; (R1) 140.34; GBP/JPY is still bounded in range of 138.53/142.79 and intraday bias remains neutral for the moment. Overall, price actions...

Dollar strengthens broadly as markets took US president Donald Trump's address to Congress positively. Dollar index is back at 101.60, comparing to yesterday's low at 100.78 and is having key near...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.37; (P) 139.86; (R1) 140.73; GBP/JPY is still bounded in range of 138.53/142.79 and intraday bias remains neutral for the moment. Overall, price actions...

The talk of a March rate hike by Fed is heating up this week. It's reported that based on Bloomberg's world interest rate probability tool, the markets are pricing over 50% chance for a March hike....

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.80; (P) 140.28; (R1) 141.15; GBP/JPY dips notably today but stays in range of 138.53/142.79. Intraday bias remains neutral first. Overall, price actions...

Sterling dips notably against other major currencies in an other wise rather quiet Asian session. Selloff in the Pound is seen as a reaction to news that Prime Minister May is preparing for Scotland...