ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.05; (P) 149.60; (R1) 151.10; Intraday bias in GBP/JPY remains neutral for the moment, and consolidation from 153.86 will likely extend further sideways. Any...

The euro weakened broadly overnight, as Bundesbank head Weidmann was quoted that ECB could lower interest rates if the eurozone economy worsens. He warned that "overcoming the crisis and the crisis...

GBP/JPY Daily OutlookDaily Pivots: (S1) 147.41; (P) 148.84; (R1) 151.26;Intraday bias in the GBP/JPY pair remains neutral for the moment. Consolidation from 153.86 will likely extend further sideways....

Risk markets stabilized overnight as DOW recovered strongly by 157 pts, or over 1%. Asian equities followed, and opened broadly higher. Gold recovered after dropping to 1321 and breached 1400 handle...

GBP/JPY Daily OutlookDaily Pivots: (S1) 146.08; (P) 148.90; (R1) 150.62;The GBP/JPY pair dived sharply to as low as 146.42, but received some support above mentioned 145.91 and recovered. As this...

Risk aversion has dominated the markets this week, as growth concern over China growth triggered selloff in global equities. Further weight was added in the U.S. session on news of explosions at the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.78; (P) 151.65; (R1) 152.77;The pull back from 153.86 extended lower, touching 4 hours 55 EMA as expected. Intraday bias remains on the downside, and deeper...

Risk sentiment was knocked down in today's Asian session by weaker than expected China data, which prompted concerns on recovery slowdown. China's GDP grew 7.7% yoy in 1Q13, down from 7.9% a quarter...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.46; (P) 153.16; (R1) 154.04;With 4 hours MACD staying below the signal line, upside momentum in GBP/JPY remains unconvincing. We'd expect the current rise...

Risk appetite continued to be strong as DOW surged to another record high of 14865. S&P 500 jumped to 1593.37. The better than expected jobless claim figure released overnight somewhat eased the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.88; (P) 152.46; (R1) 153.55;Upside momentum in the GBP/JPY pair remains unconvincing with 4 hours MACD staying below the signal line. Intraday bias stays...

The Aussie dipped sharply in the Asian session, as data indicated that the unemployment rate jumped 0.2% to 5.6% in March, hitting the highest level since 2009. That was much worse than the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.70; (P) 151.54; (R1) 152.53;With 4 hours MACD crossed below signal line, intraday bias in GBP/JPY turned neutral first, and some consolidations could be...

Strong risk appetite pushed DOW to another record close at 14673 overnight, while Asian markets are supported by China's trade data in initial trading. China unexpectedly reported USD -0.9b trade...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.63; (P) 151.20; (R1) 152.14;Intraday bias in the GBP/JPY remains on the upside; thecurrent rally is still in progress for 61.8% projection of 125.67 to...

The yen remains the focus in today's Asian session as the USD/JPY edges even closer to 100 psychological level, and the EUR/JPY is just an inch below 130. The NZD/JPY remains the strongest cross this...