ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.26; (P) 171.56; (R1) 171.90; Intraday bias in GBP/JPY remains neural for the moment. Overall outlook is unchanged. price actions from 174.84 are viewed as...

Euro weakness and the comparative strength of sterling remained the main theme in the forex markets as the weekly close is approaching. The main focus today is German IFO business climate, which is...

GBP/JPYDaily Pivots: (S1) 170.22; (P) 170.85; (R1) 171.90; The GBP/JPY rebounded strongly ahead of 169.50 support and intraday bias is turned neutral first. Overall outlook is unchanged. price actions...

US Dollar's rally attempt lost momentum after the release of FOMC minutes for April 29-30 meeting. The minutes were considered a bit dovish by the markets with indication that Fed isn't in hurry to...

GBP/JPYDaily Pivots: (S1) 170.33; (P) 170.64; (R1) 170.90; With 171.88 minor resistance intact, deeper fall is expected in the GBP/JPY. As noted before, consolidation pattern from 174.84 is still in...

The yen is mildly higher after BoJ left policies unchanged as widely expected. Interest rate is kept near zero and the target of monetary base expansion is held at JPY 60-70T a year. The central bank...

GBP/JPYDaily Pivots: (S1) 170.28; (P) 170.64; (R1) 171.05; Outlook in the GBP/JPY is unchanged. Consolidation from 174.84 is still in progress with current decline likely as the third leg. Deeper...

The Aussie droped sharply during the Asian session today after release of the minutes of RBA meeting on May 6. The minutes noted that growth in the coming quarters down under would be "below trend"...

GBP/JPY Daily Pivots: (S1) 170.28; (P) 170.64; (R1) 171.05; Outlook in the GBP/JPY is unchanged. Consolidation from 174.84 is still in progress with current decline likely as the third leg. Deeper...

The forex markets are rather quiet as the week started and major pairs and crosses are staying in tight range. Euro remains the weakest currency this month as weighed down on expectation that ECB...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.12; (P) 170.56; (R1) 170.98; Intraday bias in GBP/JPY remains on the downside for 169.50 support. As noted before, consolidation pattern from 174.84 is...

Yen strengthens overnight and stays firm in Asia following another day of sharp pull back in stocks. DOW tumbled -167.16 pts, or -1.01% and is now trading in negative territory from weekly...

GBP/JPYDaily Pivots: (S1) 170.17; (P) 171.25; (R1) 171.92; Intraday bias in the GBP/JPY remains on the downside for 169.50 support. As noted before, consolidation pattern from 174.84 is expected to...

The Japanese yen pared back much of this week's losses as stocks pulled back from record highs and is being supported by strong GDP reading. DOW and S&P 500 lost some ground by dropping -101.47...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.72; (P) 172.22; (R1) 172.54; Intraday bias in GBP/JPY remains neutral for the moment. Our view remains unchanged - a break of 173.46 will extend the rise...

The Japanese yen, Euro and Swiss Franc remain the weakest currency this week so far. Euro continues to feel the pressure from expectation that ECB would ease further policy in June and fresh selling...