ActionForex

GBP/JPYDaily Pivots: (S1) 177.04; (P) 177.57; (R1) 178.01;  Intraday bias in GBP/JPY remains neutral as consolidation from 180.70 continues. Downside of consolidation would be contained by 38.2%...

The New Zealand dollar dropped sharply as the week opened on RBNZ intervention. RBNZ released today showed it sold a net NZD 521m of the currency in August and that was the largest amount since July...

Dollar extended its broad based rally last week as the dollar index registered the 11th consecutive week of gain, which is the strongest winning streak on record. The index hit as high as 85.68 and...

Dollar ignored some cautious comments from a Fed dove and extended recent rally against Euro, Swissy, Loonie and Aussie. EUR/USD is gathering downside momentum against and took out 1.28 handle....

GBP/JPY Daily Pivots: (S1) 177.11; (P) 177.92; (R1) 179.20;Intraday bias in GBP/JPY remains neural for some consolidations below 180.70 temporary top. Downside of consolidation would be contained by...

Dollar stayed in range against European majors but strengthened further against commodity currencies. St. Louis Fed president James Bullard said that FOMC could drop the pledge to keep rate lows for...

GBP/JPY Daily OutlookDaily Pivots: (S1) 177.57; (P) 177.95; (R1) 178.39; Intraday bias in GBP/JPY remains neutral for some consolidations below 180.70 temporary top. Downside of consolidation would...

The greenback weakened mildly overnight as a Fed dove warned of the strengthen of the currency. New York Fed president William Dudley said that a strong dollar would mean "poorer trade performance,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 176.46; (P) 178.58; (R1) 179.70; Intraday bias in the GBP/JPY remains neural for some consolidations below 180.70 temporary top. Downside of consolidation...

The forex markets opened the week rather steadily except that the Aussie is under clear pressure. Sentiments were weighed down by concern over slow down in the Chinese economy, and that's reflected in...

Sterling was among the biggest winners last week as the important risk was finally cleared. Scotland rejected independence in the highly anticipated referendum. Nonetheless, buying in the pound was...

GBP/JPY Daily OutlookDaily Pivots: (S1) 176.72; (P) 177.54; (R1) 178.94; GBP/JPY rises to as high as 180.70 so far today and intraday bias remains on the upside. The medium term up trend is still in...

Sterling soared as along with the Scottish independence referendum and maintained gain as the "no" camp won. It's reported that 55% of voters rejected independence while 45% supported. Now that the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 174.85; (P) 175.65; (R1) 177.16; GBP/JPY surged to as high as 177.67 so far and took out 175.36 key resistance decisively. The development confirmed resumption...

Dollar strengthened overnight after FOMC announcement and stays firm in Asian session today. Market reactions suggested that investors viewed the September FOMC meeting as a hawkish one although the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 173.39; (P) 173.93; (R1) 174.89; Intraday bias in GBP/JPY stays neutral first. With 172.77 minor support intact, further rally is still in favor. The...