ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.85; (P) 153.45; (R1) 154.09; With 4 hours MACD crossed below signal line, intraday bias in GBP/JPY is turned neutral first. Further rally cannot be ruled...

The New Zealand dollar strengthened today after RBNZ left the OCR unchanged at 2.5%. The accompanying statement signaled that policymakers were more upbeat toward the economic outlook and the policy...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.21; (P) 152.94; (R1) 153.55; With 150.90 minor support intact, further rise is needed in GBP/JPY. But again, rebound from 147.10 is viewed as the second leg...

Aussie edged higher earlier today but quickly reversed after Australia inflation and China manufacturing data. CPI unexpectedly slowed to 2.4% yoy in Q2 versus expectation of 2.5% yoy. The RBA trimmed...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.43; (P) 153.00; (R1) 153.66;With 150.90 minor support intact, further rise is needed in GBP/JPY. But again, rebound from 147.10 is viewed as the second leg...

Asian markets are broadly higher today as comment from Chinese officials lifted sentiments. The Chinese premier Li Keqiang said that growth won't be slower than 7%. Meanwhile, Vice Premier Zhang Gaoli...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.63; (P) 153.11; (R1) 154.07; Intraday bias in GBP/JPY remains mildly on the upside and the rebound from 147.10 might extend higher. Nonetheless, note again...

The Japanese yen opened the week slightly higher, together with Nikkei, after prime minister Abe's party won in the upper house election. The ruling Liberal Democratic Party and its coalition took...

Yen weakened broadly in a rather dull week even though there were full of important events. Markets were back into risk seeking mode after Fed chairman Bernanke's semi annual testimony. DOW and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.80; (P) 152.44; (R1) 153.53;GBP/JPY's rebound continues and the break of 153.01 confirmed resumption of the rise form 147.10. Intraday bias remains on the...

DOW and S&P 500 closed at new record high overnight as boosted by Fed chairman Bernanke's testimony and earnings. But the momentum doesn't follow through in Asia today where major indices are...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.22; (P) 151.13; (R1) 152.35;Intraday bias in GBP/JPY remains mildly on the upside for the moment. Break of 153.01 will resume whole rebound from 147.10. But...

Stock markets were rather quiet overnight during the first day of Fed chairman's semi annual testimony to Congress. DOW was stuck in a tight 64pt range and ended mildly up by 18.7pts. Some volatility...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.57; (P) 150.33; (R1) 150.96; The strong rise in GBP/JPY and break of 151.61 minor resistance suggests that the pull back from 153.01 is completed at 148.77...

The dollar is recovering mildly today as markets are awaiting Fed Chairman Bernanke‘s highly anticipated semi-annual testimony. Bernanke will testify to the House today and the Senate tomorrow....

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.85; (P) 150.55; (R1) 151.44;Deeper fall is expected in GBP/JPY with 151.61 minor resistance intact. As noted, recovery from 147.10 has already completed at...