ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 153.90; (P) 154.59; (R1) 155.56; Intraday bias in GBP/JPY remains neutral for consolidation above 152.93 temporary low. Near term outlook stays bearish with...

The dollar index continued to recover overnight and would probably maintain its gain before weekly close. Markets are getting more cautious ahead of the heavy weight events later in the month and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.64; (P) 155.45; (R1) 155.95; Intraday bias in GBP/JPY remains neutral for consolidation above 152.93 temporary low. Near term outlook stays bearish with...

Kiwi soars today after RBNZ surprised the market by keeping the OCR unchanged at 2.25%. A 25bps cut was expected. The central bank noted that "house-price inflation in Auckland and other regions is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.80; (P) 156.35; (R1) 157.70; Intraday bias in GBP/JPY remains neutral for consolidation above 152.93 temporary low. Near term outlook stays bearish with...

Yen pares back some losses in Asian session as this week's consolidation continues. In Japan, Q1 GDP was finalized at 0.5% qoq, revised up from 0.4% qoq. GDP deflator was finalized at 0.9% yoy,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 153.58; (P) 154.61; (R1) 156.27; GBP/JPY rebounded ahead of 151.64 support after forming a temporary low at 152.93. Intraday bias is turned neutral first. Near...

Aussie jumps today as RBA held Cash Rate unchanged at 1.75% as widely expected by turned into a neutral stance. The central bank noted in the statement that 'taking account of the available...

GBP/JPY Daily OutlookDaily Pivots: (S1) 153.66; (P) 155.46; (R1) 156.36; GBP/JPY's decline from 163.87 extends today and breaks 153.64 support. The development suggests that consolidation pattern...

Dollar tumbled sharply last week as the surprising weak non-farm payroll report put Fed's June hike off the table. But the greenback was overwhelmed by weakness in Sterling, triggered by renewed...

Sterling opens the week sharply lower as Brexit fears intensify ahead of the EU referendum on June 23. A YouGov poll showed that 45% support "leave" while only 41% support "remain". Another TNS poll...

GBP/JPY Daily OutlookDaily Pivots: (S1) 156.41; (P) 157.18; (R1) 157.79; Intraday bias remains mildly on the downside for a test on 151.64/153.64 support zone. Break there will resume larger down...

Dollar regains some ground as markets turn their focus to employment data from US today. Non-farm payroll is expected to show 170k growth in May with unemployment rate unchanged at 5.0%. Wage growth...

GBP/JPY Daily OutlookDaily Pivots: (S1) 156.50; (P) 158.57; (R1) 159.93; Break of 158.03 minor support suggests that rebound from 151.64 is completed. Intraday bias is back on the downside for at...

Dollar's retreat continues today as markets await job data and ECB press conference. The latest Beige Book, prepared by the Minneapolis Fed, suggested that all 12 districts surveyed reported "modest...

GBP/JPY Daily OutlookDaily Pivots: (S1) 158.84; (P) 161.36; (R1) 162.88; The lack of follow through buying and failure below 164.09 resistance mixes up GBP/JPY's outlook. Intraday bias is turned...