ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.45; (P) 170.25; (R1) 170.73; As long as 166.57 support holds, further rise is expected in the GBP/JPY. Above 171.18 will target 161.8% projection of 147.61...

Markets are rather steady in Asian session in a holiday shortened week. The greenback is staying in tight range against other major currencies. Asian equities are generally higher even though some...

Fed finally announced to start tapering the asset purchase program last week and outgoing chairman Bernanke noted the central bank might cut the pace of bond purchase by USD 10b in every meeting...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.00; (P) 170.54; (R1) 171.17; With 166.57 support intact, further rally is still expected in the GBP/JPY for 161.8% projection of 147.61 to 159.98 from...

The Japanese yen remains soft in Asian session as BoJ kept monetary policies unchanged as widely expected. Board members voted unanimously to keep the target of monetary base expansion at an annual...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.13; (P) 169.65; (R1) 172.45;The break of 170.05 resistance indicates that recent consolidations has completed and rally has resumed. Intraday bias is back...

FOMC said it will dial back the USD 85b in monthly bond purchases by USD 10b to USD 75b per month, starting January. The purchases will then consist of USD 40b in treasuries and USD 35b in MBS. Fed...

GBP/JPY Daily OutlookDaily Pivots: (S1) 166.29; (P) 167.23; (R1) 167.88;Intraday bias in the GBP/JPY remains mildly on the downside for deeper decline. A short term top is formed at 170.05 on bearish...

Markets are generally staying in consolidative mode as traders await the FOMC announcement today. DOW ended down -9.31 pts lower at 15875.26 after failing to extend this week's rebound. Ten year yield...

GBP/JPY Daily OutlookDaily Pivots: (S1) 167.34; (P) 167.88; (R1) 168.44; Intraday bias in the GBP/JPY remains mildly on the downside. A short term top is formed at 170.05 on bearish divergence...

The Aussie stays soft in tight range against dollar in Asian session after the RBA signaled in its meeting minutes that the door is still open for further interest rate cut. The central bank noted...

GBP/JPY Daily OutlookDaily Pivots: (S1) 167.30; (P) 168.56; (R1) 169.41; The GBP/JPY dips lower in Asian session today and the break of 167.52 minor support indicate that a near term top is formed at...

The Japanese yen extends rebound in Asian session today with the boost from an encouraging Q4 Tankan survey. The large manufactures index rose to 16 versus expectation of 15, up from 12. That was the...

Price actions in the financial markets indicated that investors were lightening up their positions ahead of the FOMC meeting this week, as well as year end holiday in around two week's time. The House...

The dollar regained some grounds overnight as markets continued to price in Fed's tapering. The Dow also dropped for another day on such backdrop and closed -104.1 pts lower at 15739.43 and long term...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.06; (P) 168.56; (R1) 169.50;The GBP/JPY drew some support from 4 hours 55 EMA again and recovered. But, it's staying below 170.05 temporary top so far and...