ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.90; (P) 172.20; (R1) 172.66; Intraday bias in the GBP/JPY is mildly on the upside for 173.57 resistance. Overall outlook is unchanged. Price actions from...

Stock markets staged a strong rally overnight with the S&P 500 up 13.18 pts, or 0.70% to close at new record high of 1885.52. The Dow also rose 74.95 pts, or 0.46% to close at 16532.61, not far...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.28; (P) 171.69; (R1) 172.40; Outlook in the GBP/JPY is unchanged. Price actions from 174.84 are viewed as a consolidation pattern with rebound from 163.87...

The Australian dollar edges mildly higher after RBA left the cash rate unchanged at 2.50% as widely expected. Most importantly, the central bank reiterated that "the most prudent course is likely to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.99; (P) 170.64; (R1) 171.75;The recovery from 167.77 is still in progress and further rise could be seen. But again, price actions from 174.84 are viewed as...

Asian equities are mildly higher as the week starts on hope of Chinese stimulus, but so far gains are limited. The forex markets are steady in general with mild weakness seen in the Australian dollar...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.80; (P) 169.55; (R1) 170.49; The consolidation from 167.77 temporary is still in progress and could extends higher. But near term outlook is unchanged....

Asian equities are boosted by talk of China stimulus again and risk appetite took commodity currencies generally higher. It's reported that Chinese premier Li Keqiang is hinting that the country is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.82; (P) 169.25; (R1) 169.60; Intraday bias in GBP/JPY remains neutral as the consolidation from 167.77 temporary low continues. Near term outlook is...

The Japanese yen rallied against most other major currencies as Asian equities are staying in the red following the lower closes in US. There were renewed concerns over the situation in Ukraine as US...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.50; (P) 168.88; (R1) 169.39; GBP/JPY is staying in tight range above 167.77 temporary low and intraday bias remains neutral. Near term outlook is...

Investors sentiments were lifted by consumer confidence data from US overnight and boosted DOW higher by 91.2 pts, or 0.56% while S&P 500 rose 8.18 pts, or 0.44%. Conference board consumer...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.11; (P) 168.77; (R1) 169.31; Intraday bias in GBP/JPY remains neutral for some consolidations above 167.77 temporary low. But outlook is unchanged....

Dollar is generally weak this week so far and in particular, dip to new 2014 low against the Aussie overnight. Euro also managed to recover against the greenback and took out a minor resistance at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.11; (P) 168.60; (R1) 169.13; Intraday bias in the GBP/JPY remains neutral for some consolidations above 167.77 temporary low. But, outlook is unchanged....

Markets are rather directionless as the week starts as major pairs are stuck in tight range. Yen is a touch weaker but loss is so far limited. Aussie also dipped mildly after weak Chinese data but...