ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 185.39; (P) 187.30; (R1) 189.41; The break of 187.29 support in GBP/JPY suggests that a short term top is already in place at 189.70 on bearish divergence...

The Japanese yen recovered further overnight on risk aversion as global equities were pressured by the selloff in China and Greece. DJIA dived to as low as 17629.57 before paring much loss to close at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 187.77; (P) 188.74; (R1) 190.19; With 187.29 minor support intact, further rise is still mildly in favor in GBP/JPY for 190 psychological level. Sustained...

Dollar retreats mildly against European majors overnight as traders pulled back their bet for rate hike from Fed in March next year. Instead, traders are expecting the first hike in mid-year. San...

GBP/JPY Daily OutlookDaily Pivots: (S1) 187.77; (P) 188.74; (R1) 190.19; Intraday bias in GBP/JPY remain on the upside for 190 psychological level. Sustained break will target next long term...

The USD ended the week as the strongest currency with the boost some a string of solid economic data, in particular the job data released on Friday. The dollar index extended recent up trend to as...

The Japanese yen edged mildly lower as the week starts. Q3 GDP was revised lower to -0.5% qoq, down from prior estimate of -0.4% qoq and compared to expectation of 0.1% qoq. The worst than expected...

GBP/JPY Daily OutlookDaily Pivots: (S1) 187.47; (P) 187.84; (R1) 188.11; GBP/JPY lost some momentum after hitting 188.23 and retreated mildly. But with 186.26 support intact, further rise is still...

Dollar pulled back overnight against Euro and Swiss Franc after less dovish than expected ECB press conference. Nonetheless, the greenback remains firm against Yen and Aussie as markets await...

GBP/JPY Daily OutlookDaily Pivots: (S1) 186.69; (P) 187.44; (R1) 188.61; GBP/JPY's rally picks up some momentum and reaches as high as 188.18 so far. Intraday bias remains on the upside and further...

Dollar extended recent rally against euro and yen overnight and remains firm. The dollar index extended recent rally to as high as 89.00 so far. DJIA rose 33.07 pts to 17912.62 and S&P 500 rose...

GBP/JPY Daily OutlookDaily Pivots: (S1) 186.02; (P) 186.47; (R1) 186.92; Intraday bias in GBP/JPY remains on the upside and recent rally continues. While upside momentum isn't too strong, we'd still...

Australian dollar extends recent down trend and reaches new four year low against dollar after GDP disappointment. Q3 GDP grew 0.3% qoq versus expectation of 0.7% qoq and slowed from Q2's 0.5% qoq....

GBP/JPY Daily OutlookDaily Pivots: (S1) 185.39; (P) 185.86; (R1) 186.68; The breach of 186.12 suggest that recent rally in GBP/JPY is resuming and intraday bias is back on the upside. Momentum isn't...

Aussie is steady in range after RBA left the cash rate unchanged at 2.50% as widely expected. The central bank reiterated in the statement that "the most prudent course is likely to be a period of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 185.22; (P) 185.56; (R1) 185.92; Intraday bias in GBP/JPY remains neutral for the moment. Further rise is still expected and above 186.12 will target 190...