ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.34; (P) 171.10; (R1) 172.04;The GBP/JPY is struggling around 4 hours 55 EMA for the moment and intraday bias stays neutral. With 173.12 resistance intact,...

Asian markets are mildly lower following the release of a batch of Chinese data. The Japanese Nikkei, Hong Kong HSI, Shanghai SSE and Singapore Strait Times are all trading in negative territory at...

The dollar rebounded broadly last week and reversed all the post NFP losses. Markets received a chorus of Fed speaks who played down the significance of the disappointing December job data. And they...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.95; (P) 170.86; (R1) 171.54; Intraday bias in the GBP/JPY remains neutral at this point. With 173.12 minor resistance intact, the correction from 174.84 is...

The markets are rather quiet in consolidative mode ahead of the weekend. The Dow's rebound lost momentum well ahead of the 16588.25 historical high and closed down -64.93 pts at 16417.01. It will like...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.52; (P) 171.05; (R1) 171.67; Intraday bias in the GBP/JPY remains neutral for the moment. With 173.12 minor resistance intact, the correction from 174.84...

The Aussie slumped sharply today after shockingly poor employment report. The job market contracted -22.6k in December versus expectation of 10.3k growth. The details were even worse as full time...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.54; (P) 170.49; (R1) 172.22; The GBP/JPY recovered strongly after hitting 168.34 and intraday bias turned neutral first. With 173.12 minor resistance...

The dollar extended its broad based rebound overnight as talked up by comments of Fed officials. The dollar index was clearly lifted after dipping to 80.44 and is back at 80.87 at the time of writing....

GBP/JPY Daily Outlook Daily Pivots: (S1) 167.54; (P) 169.59; (R1) 170.86;  Intraday bias in the GBP/JPY remains on the downside for the moment. The correction from 174.84 short term top should...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.91; (P) 171.96; (R1) 172.70; GBP/JPY drops further to as low as 170.39 so far today. Current development confirmed short term topping at 174.84 and...

While Fed officials might disagree, it only took one poor non-farm payroll report to undo all the optimism over the US economy and more than reversed dollar's recent gains. Based on the solid ISM and...

The Japanese yen surges broadly in Asian session, in particular with USD/JPY moving up 103.90 support. The greenback is pressured against other major currencies today as the post NFP selloff...

GBP/JPY Daily OutlookDaily Pivots: (S1) 172.23; (P) 172.67; (R1) 173.17; Intraday bias in GBP/JPY remains neutral for some more consolidations. Note that the cross is staying above near term rising...

The dollar index extended recent rebound to as high as 81.17 over night but lost momentum as traders are preparing for today's employment data from US. The non-farm payroll report is expected to show...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.70; (P) 172.27; (R1) 173.04;Intraday bias in the GBP/JPY remains neutral for some more consolidations. Note that the cross is staying above near term rising...