ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.88; (P) 159.56; (R1) 162.62; Intraday bias in GBP/JPY remains on the upside for 154.09 resistance first. Break of 55 days EMA and bullish convergence...

The forex markets are rather steady today as traders await three central bank meetings later in the week, including FOMC, RBNZ and BoJ. Yen pared back some gains as traders turned cautious. USD/JPY...

Asian markets open the day lower as weighed down by disappointing earnings result in US. Those companies that released disappointing quarterly reports including Alphabet, Microsoft (NASDAQ:MSFT), Visa...

GBP/JPY Daily OutlookDaily Pivots: (S1) 155.71; (P) 156.71; (R1) 158.20; The corrective rise from 151.64 is still in progress but we'd expect strong resistance from 158.42 support turned resistance...

Risk appetite continues today with Nikkei trading up 2% at the time of writing. That follows strength in US where DJIA closed up 42.67 pts or 0.24% at 18096.27, at highest since last July. WTI crude...

GBP/JPY Daily OutlookDaily Pivots: (S1) 155.71; (P) 156.71; (R1) 158.20; Intraday bias in GBP/JPY remains neutral for consolidation above 151.64 temporary low. In case of another recovery, upside...

Risk appetite continues with DJIA and S&P closed at 2016 high overnight. DJIA rose 49.44 pts or 0.27% to 18053.6. S&P 500 rose 6.46 pts, or 0.31% to 2100.8. Nikkei follows and is trading up...

GBP/JPY Daily OutlookDaily Pivots: (S1) 153.34; (P) 154.51; (R1) 156.53; Intraday bias in GBP/JPY remains neutral for consolidation above 151.64 temporary low. In case of another recovery, upside...

After initial dip over Doha disappointment yesterday, crude oil staged a rebound on news of Kuwait oil workers' open-ened strike for protesting a proposal to cut wages and benefits of all public...

CHF/JPYToday’s support: - 111.36(main), where correction is possible. Break would give 111.04, where correction also may be. Then follows 110.87. Break of the latter would result in 110.59. If...

GBP/JPY Daily OutlookDaily Pivots: (S1) 153.86; (P) 154.58; (R1) 155.09; GBP/JPY dips sharply today but stays above 151.64 temporary low. Intraday bias remains neutral first. In case of another...

Commodity currencies surged broadly last week, following strength in stocks in oil. DJIA took out recent resistance of 17118.48 to resume rise from 15450.56, reaching as high as 17962.14. Similar...

Asian markets tumble with oil prices after the highly anticipated meeting between oil producers in Doha failed to yield agreement on output freeze. WTI dips to as low as 37.61 and is now trading at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.01; (P) 154.68; (R1) 155.48; Intraday bias in GBP/JPY stays neutral for consolidation above 151.64 temporary low. Upside of recovery should be limited...

Asian markets are steady as a batch of economic data from China affirmed the view that economy there is stabilizing. Q1 GDP growth slowed to 6.7% yoy, down from prior quarter's 6.8% yoy, meeting...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.76; (P) 155.25; (R1) 155.83; Intraday bias in GBP/JPY stays neutral for consolidation above 151.64 temporary low. Upside of recovery should be limited...