ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.27; (P) 146.58; (R1) 147.34; GBP/JPY drops to as low as 145.81 so far and focus is now on 145.67 resistance turned support. Decisive break there will...

Euro and Sterling recover mildly in Asian session but they remain the weakest two for the week. Brexit impasse and Italian budget continued to weigh down both currencies, which also drags down Swiss...

EUR/JPY Daily OutlookDaily Pivots: (S1) 129.10; (P) 129.63; (R1) 130.10; EUR/JPY is staying in consolidation above 129.11 and intraday bias remains neutral first. Near term outlook stays bearish with...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6148; (P) 1.6188; (R1) 1.6218; EUR/AUD’s break of 1.6145 minor support suggests that rebound from 1.5984 has completed at 1.6357 already. Intraday bias...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2962; (P) 1.2995; (R1) 1.3057; Intraday bias in USD/CAD remains neutral at this point. On the downside, firm break of 1.2926 will turn bias to the downside...

USD/JPY Daily OutlookDaily Pivots: (S1) 112.23; (P) 112.45; (R1) 112.89; USD/JPY’s break of 112.52 minor resistance argues that pull back from 114.54 has completed at 111.62 already. Intraday...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3075; (P) 1.3140; (R1) 1.3179; Intraday bias in GBP/USD remains neutral as it’s still bounded in range of 1.3081/3257. On the upside, above 1.3257 will...

Dollar strengthened overnight after FOMC minutes showed that majority of Fed officials expected interest to enter into restrictive region down the road. Treasury yields also ended up mildly higher....

EUR/JPY Daily OutlookDaily Pivots: (S1) 129.39; (P) 129.85; (R1) 130.37; Intraday bias in EUR/JPY remains neutral for consolidation above 129.11. Further decline remains in favor as long as 130.70...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6178; (P) 1.6232; (R1) 1.6261; EUR/AUD is staying in range of 1.6145/6351 and intraday bias remains neutral. Further rise remains mildly in favor. On the...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2899; (P) 1.2949; (R1) 1.2984; USD/CAD breached 1.2926 as fall from 1.3070 extends but it recovers quickly. Intraday bias is turned neutral first. On the...

USD/JPY Daily OutlookDaily Pivots: (S1) 111.86; (P) 112.10; (R1) 112.48; Intraday bias in USD/JPY remains neutral for the moment. As long as 112.52 minor resistance holds, deeper fall is expected....

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3139; (P) 1.3188; (R1) 1.3234; Intraday bias in GBP/USD remains neutral for now first. Further rise could be seen through 1.3257. But upside should be...

US equities closed sharply higher overnight with DOW ended up 2.17%. Optimism carried on in early part of Asian session but couldn’t persist. At the time of writing, China’s Shanghai SSE...

New Zealand Dollar rises sharply and broadly today as boosted by consumer inflation data. Other than that the forex markets are pretty directionless. Despite being sold off yesterday after retail...

EUR/JPY Daily OutlookDaily Pivots: (S1) 129.06; (P) 129.48; (R1) 129.85; EUR/JPY recovers quickly after hitting 129.11 and intraday bias is turned neutral first. Further decline remains in favor as...