ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.06; (P) 170.45; (R1) 171.06 Intraday bias in the GBP/JPY remains neutral for the moment. Another rally remains in favor as long as 169.11 holds. And, above...

Risk appetite is dominating the markets as the week starts as S&P 500 jumped to new intraday record high of 1858.71 overnight before closing at 1847.61, just a point before prior record close....

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.73; (P) 170.73; (R1) 171.36; The GBP/JPY drops mildly today but stays above 169.11 minor support and intraday bias remains neutral first. Another rally...

Risk markets are generally lower as the week starts with Asian equity indices in red. That lifted the Japanese yen mildly higher against other major currencies. But the gains are so far limited. The...

It was a rather directionless week as some financial markets are possibly turning into consolidation phase. The Dow edged higher to 16225.72 but closed the week at 16103.30, down -51 pts. S&P 500...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.40; (P) 170.08; (R1) 170.96 Intraday bias in the GBP/JPY remains neutral for the moment. With 169.11 minor support intact, rebound from 163.87 is expected...

Outlook in the forex markets are generally unchanged as the weekly close is approaching. European majors stay bullish against dollar and yen in spite of the intra-week pull back. Even the Aussie is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.76; (P) 170.46; (R1) 171.31;As long as 169.11 minor support holds, further rally is still expected in the GBP/JPY for 173.65/174.84 resistance zone....

Asian markets are generally lower after manufacturing data from China, which also drags down Aussie and Kiwi. The preliminary reading of February HSBC China PMI manufacturing index dropped further to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.00; (P) 170.94; (R1) 171.66 The GBP/JPY lost some upside momentum as seen in 4 hours MACD. But with 169.11 minor support intact, bias remains mildly on the...

The financial markets are rather steady in the Asian session today. The Nikkei pared back some of the BoJ triggered gains and is trading down -100 pts at the time of writing. Major indices in Asia are...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.79; (P) 170.42; (R1) 170.95 The GBP/JPY's rally is still in progress and reaches as high as 171.88 so far today. Intraday bias remains on the upside. As...

The yen drops sharply after the BoJ left rates unchanged at near zero level today and boosted the loan program. The central bank doubled the so called Growth Supporting Funding Facility from JPY 3.5T...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.55; (P) 170.07; (R1) 171.03; The GBP/JPY's rally resumes today and intraday bias is back on the upside. As noted before, pull back from 174.84 might be...

The Japanese Nikkei fluctuated between gains and losses as the week started and the GDP miss failed to provided a clear directio for the markets. Outside of Japan, sentiments were lifted by China's...

Janet Yellen made her first public appearance as Fed's chair last week and testified to Congress. But, her pledge to continue with measured tapering provided no support to the greenback as it tumbled...