ActionForex

The yen strengthens mildly in Asian session as equity markets turned soft again. The DOW had another day of mild gain of 16.44 pts and the moves were clearly consolidative for digesting recent losses....

GBP/JPY Daily Pivots: (S1) 150.72; (P) 151.30; (R1) 152.15;Deeper decline is still expected for the GBP/JPY for a 147.61 support. Overall outlook is unchanged. Price action from 156.77 is a correction...

Asian markets recover today to digest recent losses, following the mild 48.38 pts rise in DOW overnight. But, upside is so far capped by worries over Syria's situation. Crude oil is back trading at...

GBP/JPY Mid-Day OutlookDaily Pivots: (S1) 153.09; (P) 153.52; (R1) 153.83;GBP/JPY's sharp fall and break of 151.73 minor support suggests that rebound from 147.61 has completed at 154.67 already....

Geopolitical tension in Syria remains the the dominant theme today as Asian equities drop sharply following the sharp -170 pts decline in DOW overnight. Also weighing on sentiments was the better than...

GBP/JPYDaily Pivots: (S1) 153.09; (P) 153.52; (R1) 153.83;GBP/JPY drops sharply today and focus is back on 151.73 minor support. Break will suggest that the consolidation from 147.10 has completed. In...

Sentiments are pressured by geopolitical tensions in Syria. DOW dropped -62k to close at 1,4946.46 in late trading. Nikkei tried to recover earlier losses, but reversed and is down -101.71 pts at the...

GBP/JPY Daily Pivots: (S1) 153.17; (P) 153.91; (R1) 154.41; Further rise is still mildly in favor in GBP/JPY with 151.73 minor support intact. Note again that consolidation from 156.77 is still in...

Markets opened the week in rather steady way with Asian equities mildly higher. Major currency pairs and crosses are generally stuck in a tight range. New Zealand trade deficit was a disappointment to...

GBP/JPYDaily Pivots: (S1) 153.00; (P) 153.50; (R1) 154.37;GBP/JPY rose to as high as 154.44 so far today, and intraday bias remains on the upside. Price actions from 147.10 are viewed as a...

GBP/JPY Daily Pivots: (S1) 152.16; (P) 152.90; (R1) 153.68; With 151.19 minor support intact, further rise could be seen as consolidation from 147.10 continues. But, the pattern from 147.10 is viewed...

The dollar strengthened overnight while stocks declined as FOMC minutes revealed that policy makers leaned towards tapering in September. The DOW dropped -105.44 pts, or -0.7% to close at 14897, below...

Daily Outlook: GBP/JPYDaily Pivots: (S1) 151.69; (P) 152.39; (R1) 153.06; With 151.19 minor support intact, further rise could be seen as consolidation from 147.10 continues. But, the pattern from...

The dollar is remainng soft in the Asian session as markets are awaiting FOMC minutes to provide some more clarity on whether Fed will taper with the asset purchase program in September. EUR/USD took...

GBP/JPYDaily Pivots: (S1) 152.05; (P) 152.80; (R1) 153.42;With 151.19 minor support intact, further rise could be seen as consolidation from 147.10 continues. But, the pattern from 147.10 is viewed as...

US treasury yields jumped sharply overnight while stocks extended recent pull back on talk of the next Fed chairman. The dollar was steady though. There were speculations that former treasury...