ActionForex

Asian markets opened quietly but then starts to pick up some strength. Nikkei reversed earlier loss and is trading 0.35% higher at the time of writing. HK HSI extends earlier gain and is up 1.25%....

GBP/JPY Daily OutlookDaily Pivots: (S1) 135.88; (P) 137.36; (R1) 138.83; Intraday bias in GBP/JPY remains neutral for consolidation above 133.23 temporary low. Upside of recovery should be limited by...

FTSE shrugged off all the post Brexit political drama in UK and surged 144.17 pts or 2.27% to close at 6504.33 yesterday. That's a quick reversal of all the post referendum lost and indeed, the index...

GBP/JPY Daily OutlookDaily Pivots: (S1) 136.27; (P) 137.64; (R1) 139.42; Intraday bias in GBP/JPY remains neutral for consolidation above 133.23 temporary low. Upside of recovery should be limited by...

The post Brexit rebound in stocks continued. DJIA closed up 284 pts, or 1.64%, at 17694.68 overnight while S&P 500 rose 34.68 pts, or 1.7%, to close at 2070.77. Asian markets follow with Nikkei...

GBP/JPY Daily OutlookDaily Pivots: (S1) 135.08; (P) 136.25; (R1) 138.25; A temporary low is with 4 hours MACD crossed above signal line and intraday bias is turned neutral for consolidations. Upside...

Sterling attempted to recover yesterday but momentum was very weak without follow through buying. The European Parliament adopted a non-binding resolution yesterday to urge UK to activate the Article...

GBP/JPY Daily OutlookDaily Pivots: (S1) 132.85; (P) 135.33; (R1) 137.35; Intraday bias in GBP/JPY remains on the downside for the moment. Current down trend form 195.86 should target next projection...

Selloff in equities on Brexit continued with DJIA losing -260.51 pts, or -1.5%, to close at 17140.24 overnight. S&P 500 also dropped -36.87 pts, or -1.81%, to close at 2000.54. Flight to safe...

GBP/JPY Daily OutlookDaily Pivots: (S1) 128.47; (P) 144.28; (R1) 155.39; Intraday bias in GBP/JPY remains on the downside for the moment. Current down trend form 195.86 should target next projection...

So now it's done, Britons voted 52-48 to decide to leave EU. The news rocked the markets and sent Sterling to the lowest level against dollar since 1985, in the biggest move on record, followed only...

Yen and Dollar open the week higher while European majors and commodity currencies are pressured as post-Brexit referendum moves continue. Nonetheless, major pairs are held from Friday's spikes for...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.60; (P) 156.39; (R1) 159.52; GBP/JPY's fall down trend resumed by diving sharply and reaches as low as 133.23 so far. Intraday bias is now on the downside...

The global financial markets are rocked by the surprised result of the EU referendum in UK. At the time of writing, the "Leave" camp has already secured the 16.8m vote needed to win the referendum....

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.77; (P) 153.67; (R1) 154.50; Intraday bias in GBP/JPY remains mildly on the upside for the moment. As short term bottom was formed at 145.38 and rebound...

Sterling strengthens mildly against as 46.5m Britons are ready to vote on the EU referendum in UK. The race is certainly tight according to the latest poll results. A poll by ComRes for the Daily Mail...