ActionForex

GBP/JPYDaily Pivots: (S1) 173.61; (P) 174.08; (R1) 174.44; The break of 174.09 resistance turned support raised the change of near term reversal. Intraday bias is back on the downside for 172.36...

US stocks continued to pull back overnight with Dow dropped -117.59 pts, or 0.69% to close below 17000 handle at 16906.62. Asian equities also opened lower. Meanwhile, dollar is mildly softer against...

GBP/JPYDaily Pivots: (S1) 174.07; (P) 174.66; (R1) 175.06; Intraday bias in the GBP/JPY remains neutral for the moment and some consolidations would be seen below 175.36 temporary top. But downside...

The yen strengthens mildly as US equities indices retreated from record high. Asian stocks also opened lower but quickly pared back some losses. BoJ deputy governor Nakaso said today that the central...

The euro opens the week lower against the broadly higher dollar. Some comments from ECB officials over the weekend is weighing down the common currency. ECB executive board member Coeure said that the...

GBP/JPYDaily Pivots: (S1) 174.85; (P) 175.09; (R1) 175.37; Intraday bias in the GBP/JPY remains neutral for the moment and some consolidations would be seen. But downside should be contained by...

In a holiday shortened first week of July, the financial markets were blessed with strong risk appetite. Dow surged through 17000 handle to close at new record high of 17068.26. The S&P 500 also...

GBP/JPYDaily Pivots: (S1) 174.19; (P) 174.49; (R1) 174.99; The persistent break of 174.84 resistance indicates that the larger up trend has resumed. Intraday bias remains on the upside. Current rally...

Risk appetite was given a strong boost overnight by the strong US employment data. The Dow closed 92.02 pts higher at new record high of 17068.26. The S&P 500 also jumped 10.82 pts to close at new...

GBP/JPYDaily Pivots: (S1) 174.19; (P) 174.49; (R1) 174.99; GBP/JPY jumps to as high as 174.90 so far and breaches 174.84 key resistance. At this point, we'd stay cautious on strong resistance from...

The Dollar maintains overnight's gain as markets are waiting for two important events ahead of the long weekend in US. The non-farm payroll report from US today could be market moving. Economists are...

GBP/JPYDaily Pivots: (S1) 173.48; (P) 173.88; (R1) 174.49;  Intraday bias in the GBP/JPY remains on the upside for 174.84 key resistance. At this point, we'd stay cautious on strong resistance...

The first trading day of the second half of the year was dominated by strong risk appetite. Both the S&P 500 and Dow 30 surged to record high overnight. The S&P 500 ended the day up 13.09 pts...

GBP/JPYDaily Pivots: (S1) 172.65; (P) 173.02; (R1) 173.69; The strong rebound from 172.36 suggests that pull back from 174.09 is completed. And, the rise from 169.53 is still in progress. Bias is...

Aussie strengthens mildly after RBA left rates unchanged at 2.50% as widely expected. The central bank reiterated in the accompanying statement that "the most prudent course is likely to be a period...

GBP/JPYDaily Pivots: (S1) 172.47; (P) 172.82; (R1) 173.19; The GBP/JPY is possibly reversing ahead of 174.84 key resistance and starting another falling leg inside the sideway pattern from 174.84....