ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.92; (P) 172.74; (R1) 173.46; A temporary top is formed at 173.57 in the GBP/JPY and intraday bias is turned neutral first. Some consolidations would be seen...

The shockingly weak Chinese trade data released over the weekend sent Asian equities broadly lower as the week starts. Aussie also tumbled sharply on its close trade tie with China. Trade balance...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.42; (P) 172.12; (R1) 173.23; The GBP/JPY's break of 171.88 confirmed that rebound from 163.87 has resumed. Intraday bias is back on the upside and further...

Investors maintain a generally positive mood ahead of employment data from US. S&P 500 ended at another record high of 1877.03 overnight while Asian equities followed. Euro was boosted by up ECB...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.32; (P) 170.85; (R1) 171.56; The GBP/JPY is staying in range of 168.82/171.88 and intraday bias remains neutral. On the upside, above 171.88 will extend the...

The euro is soft against most major currencies, except the yen and swiss franc, as markets await ECB rate decision and press conference. Economists generally expect the central bank to hold interest...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.33; (P) 169.91; (R1) 170.88; The GBP/JPY continues to engage in sideway trading in range below 171.88 and intraday bias remains neutral. On the upside,...

Risk appetites returned as tensions in Ukraine eased further. The S&P 500 surged to close at another record high of 1873.91 overnight while the Dow also rose 1.4% to 16395.9. Asian equities...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.55; (P) 169.31; (R1) 169.81; At this point, the GBP/JPY is still holding on to 169.11 minor support and intraday bias remains neutral. Note that ,...

The RBA left interest rates unchanged at 2.50% today as widely expected. The central bank also maintained that "on present indications, the most prudent course is likely to be a period of stability in...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.48; (P) 170.34; (R1) 171.30;Intraday bias in GBP/JPY remains neutral. On the upside, above 171.88 will target 173.65/174.84 resistance zone. However,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.09; (P) 170.51; (R1) 171.09;Intraday bias in the GBP/JPY remains neutral for the moment. Another rally remains mildly in favor as long as 169.11 holds. And,...

Much volatility was seen in the Japanese yen overnight as initial strength was countered by return of risk appetite. The Dow and S&P 500 both closed higher and lifted yen crosses for recoveries....

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.09; (P) 170.51; (R1) 171.09 Intraday bias in the GBP/JPY remains neutral for the moment. Another rally remains mildly in favor as long as 169.11 holds. And,...

The euro weakened broadly overnight on no apparent reason. Some attributed the selloff in the EUR/USD to the solid US housing data. But, it should be noted that the dollar was not broad based. And,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.02; (P) 170.54; (R1) 171.04 Intraday bias in the GBP/JPY remains neutral for the moment. Another rally remains in favor as long as 169.11 holds. And, above...