ActionForex

GBP/JPYDaily Pivots: (S1) 171.50; (P) 171.78; (R1) 172.22; The breach of 171.97 resistance dampened the bearish case and turn bias back to the upside. Further rise could be seen to 173.46 resistance....

The euro remains stuck in tight range against the dollar as markets are awaiting ECB rate decision. The central bank is widely expected to announce easing measures to counter the weakening inflation...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.35; (P) 171.57; (R1) 171.89; Intraday bias in GBP/JPY remains neutral first. As long as 171.97 resistance holds, deeper decline is still expected. Such...

Dollar surged against the broadly weak Japanese yen overnight on the bad of strong rebound in treasury yields. Indeed, 10 -year yield had the biggest 4-day jump since March and had a strong...

GBP/JPYDaily Pivots: (S1) 170.70; (P) 171.15; (R1) 171.88; Intraday bias in the GBP/JPY remains neutral first. As long as 171.97 resistance holds, deeper decline is still expected. Such fall is...

The Australian dollar rebounds today as RBA left rates unchanged as widely expected and as Asian equities surged higher. RBA kept the cash rate at 2.50% and maintained that "the most prudent course is...

GBP/JPYDaily Pivots: (S1) 169.96; (P) 170.32; (R1) 170.87; Intraday bias in the GBP/JPY remains neutral first. As long as 171.97 resistance holds, deeper decline is still expected. Such fall is...

The US Dollar is generally higher as the week starts as markets are awaiting manufacturing data across the Atlantic. But, momentum isn't too strong for the moment as dollar index is staying in range...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.53; (P) 170.51; (R1) 171.14; The breach of 169.80 suggests that fall from 173.46 has resumed and intraday bias is back on the downside. Current development...

Risk markets were firm ahead of month close. S&P 500 extend recent bull run and closed at another record high of 1920.03 overnight. The momentum didn't follow through to Asian markets, however,...

GBP/JPYDaily Pivots: (S1) 169.53; (P) 170.51; (R1) 171.14; Intraday bias in the GBP/JPY remains neutral for the moment. Near term outlook is a bit mixed. But still, price actions from 174.84 are...

The US stock market extended its record run overnight but lost momentum before closing. The S&P 500 hit a new record of 1914.46 before retreating to close slightly down by -2.13 pts at 1909.78....

GBP/JPYDaily Pivots: (S1) 171.48; (P) 171.64; (R1) 171.81; The GBP/JPY recovers further today but stays in range. Intraday bias remains neutral first. Near term outlook is a bit mixed. But still,...

Euro recovered mildly overnight as markets digested recent decline in thin holiday trading. Nonetheless, the common currency stays generally soft against other major currencies. ECB president Draghi...

The euro remains soft, in particular against Canadian dollar, as markets await ECB president Draghi's speech today. It's widely expected ECB will act in June to overcome low inflation. But, markets...

GBP/JPYDaily Pivots: (S1) 171.29; (P) 171.54; (R1) 171.81; Intraday bias in the GBP/JPY remains neutral for the moment. Near term outlook is a bit mixed. But still, price actions from 174.84 are...