ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 153.79; (P) 154.65; (R1) 155.81; Intraday bias in GBP/JPY stays neutral for consolidation above 151.64 temporary low. Upside of recovery should be limited...

Risk appetite struck a strong return overnight as rally in crude oil pulled stocks higher. WTI crude oil breached recent higher of 41.90 to as high as 42.25 on talk that Russia and Saudi Arabia had...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.27; (P) 153.36; (R1) 154.80; Intraday bias in GBP/JPY stays neutral for consolidation above 151.64 temporary low. Upside of recovery should be limited...

The financial markets are generally steady in the early part of the week. DJIA continues to struggle in tight range below recent high at 17811.48 and closed slightly lower by -20.55 pts, or -0.12%, at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.15; (P) 155.40; (R1) 156.29; Intraday bias in GBP/JPY stays neutral for consolidation above 151.64 temporary low. Upside of recovery should be limited...

Yen opens the week mildly higher against other major currencies. Asian stocks are trading lower with Nikkei trading down -255pts, or -1.6% at the time of writing. Commodity currencies are also...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.15; (P) 155.40; (R1) 156.29; Intraday bias in GBP/JPY remains on the downside. Down trend fro 195.86 should target next long term fibonacci level at...

Dollar turned mix towards the end of the week but stays the third strongest major currency following Yen and Swiss Franc. Fed chair Janet Yellen said yesterday that "we are comi9ng close to our...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.15; (P) 155.40; (R1) 156.29; GBP/JPY's decline is still in progress and intraday bias stays on the downside. Down trend from 195.86 has just resumed and...

Yen continues to rise against other major currencies partly helped by comments from prime minister Shinzo Abe and the more dovish than expected FOMC minutes. USD/JPY took out 110 handle this week and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 155.00; (P) 156.92; (R1) 158.13; Intraday bias in GBP/JPY remains on the downside for the moment. Corrective rebound from 154.70 should have completed at...

Asian equities recover mildly from yesterday's slump, following crude oil's rebound. WTI is back at around 36.9 at the time of writing, comparing to this week's low of 35.24. Nikkei is fluctuating...

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.70; (P) 159.71; (R1) 160.72; Intraday bias in GBP/JPY remains o the downside for the moment. Corrective rebound from 154.70 should have completed at 164.09...

Asian markets are generally lower as dragged down by Fed's rate talk as well as oil price. Yen gains broadly on risk aversion. Boston Fed president Eric Rosengren said that market pricing of Fed's...

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.70; (P) 159.71; (R1) 160.72; The breach of 158.42 support suggests that rebound from 154.70 is completed at 164.09. And, fall from there is resuming....

Aussie trades mildly lower on mixed data today. Retail sales rose 0.0% mom in February versus expectation of 0.4% mom. Building approvals rose 3.1% mom versus expectation of 2.0% mom. TD securities...