ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 137.48; (P) 138.15; (R1) 138.70; A temporary top is in place at 138.85 after hitting 138.81 key resistance. Intraday bias is turned neutral first. Focus stays...

Stocks extended recent bullish run with the three major US indices making new records highs again overnight. DJIA rose 67.18 pts, or 0.35%, to close at 19023.87, above 19000 handle. S&P 500 gained...

GBP/JPY Daily OutlookDaily Pivots: (S1) 136.87; (P) 137.86; (R1) 139.46; Intraday bias in GBP/JPY remains on the upside for the moment. Focus remains on 138.81 resistance as the cross is now...

GBP/JPY Daily OutlookDaily Pivots: (S1) 135.67; (P) 136.63; (R1) 137.86; With 134.97 minor support intact, intraday bias in GBP/JPY stays on the upside for 138.81 key resistance level. As noted...

The financial markets are relatively steady as another week starts. Yen and Aussie trade mildly lower as recent decline extends but loss is limited so far. Asian indices are trading mildly higher with...

The post US election trends in the financial markets continued last week. Traders continued to bet on president-elect Donald Trump's expansive fiscal policies, which include lowering taxes and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 135.51; (P) 136.20; (R1) 137.42; GBP/JPY's rally is still in progress and intraday bias stays on the upside for 138.81 resistance. As noted before, bullish...

Dollar surged overnight with the dollar index hitting 14 year high after Fed chair Janet Yellen's positive comments on the economy and rate hike. In her Congressional Joint Economic hearing, Yellen...

GBP/JPY Daily OutlookDaily Pivots: (S1) 134.55; (P) 135.55; (R1) 136.96; Intraday bias in GBP/JPY remains on the upside with 134.17 minor support intact. As noted before, bullish convergence...

The currency markets are trading in rather tight range today with mild weakness seen in the Japanese Yen. BOJ conducted it's first operations under the new Yield Curve Control policy framework. Those...

GBP/JPY Daily OutlookDaily Pivots: (S1) 134.55; (P) 135.55; (R1) 136.96; GBP/JPY's rise resumed after brief retreat and intraday bias stays on the upside. As noted before, bullish convergence...

While the greenback remains firm, the dollar index is struggling around 100 handle on lack of follow through buying. Boston Fed president Eric Rosengren, a known dove affirmed that "the market's...

GBP/JPY Daily OutlookDaily Pivots: (S1) 134.51; (P) 135.06; (R1) 136.02; With 130.23 minor support intact, further rise is still expected in GBP/JPY. As noted before, bullish convergence condition in...

Dollar trades mildly lower as recent rally is taking a breath. But the greenback stays generally firm as supported by Fed hike expectations. Fed fund futures are pricing in 85.8% chance of a December...

GBP/JPY Daily OutlookDaily Pivots: (S1) 133.54; (P) 134.22; (R1) 135.03; GBP/JPY's rebound from 122.36 is still in progress and intraday bias stays on the upside for 138.81 key resistance level. As...

Dollar's rally continues in Asian session on firm expectation of December Fed hike. Fed vice chair Stanley Fischer spoke for the first time since election on Friday. He said that "the case for...