ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.94; (P) 146.59; (R1) 147.25;As long as 144.86 minor support holds, further rally is still expected in GBP/JPY. Current rise from 118.82 should extend to 150...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.94; (P) 146.59; (R1) 147.25;Further rally is still expected with 144.86 support intact. Current rally from 118.82 should extend to 150 psychological level...

Euro continues to stay in established range ahead of ECB rate decision and press conference today. ECB is expected to leave the main refi rate unchanged while no further no standard programs would be...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.23; (P) 146.24; (R1) 147.63;Intraday bias in GBP/JPY remains on the upside for the moment. Current rally from 118.82 should extend to 150 psychological...

Yen remains broadly weak today and recent decline continues. Another round of selling was triggered yesterday as BoJ governor Shirakawa announced to step down three weeks earlier than scheduled on...

GBP/JPY Daily OutlookDaily Pivots: (S1) 144.99; (P) 145.79; (R1) 146.40;With 4 hours MACD crossed below signal line, a temporary top is formed at 146.60 in GBP/JPY and intraday bias is turned neutral...

Global equities are weighed down by political uncertainties in Europe. DOW dropped nearly 130pts overnight while S&P 500 also dropped -17.5 pts to close below 1500 level again at 1495.71. Asian...

While some volatility was seen in the markets last week, the overall trend didn't change. Euro strength and yen weakness continued to dominate. Indeed, it should be noted that some important technical...

GBP/JPY Daily OutlookDaily Pivots: (S1) 144.85; (P) 145.67; (R1) 146.44;Intraday bias in GBP/JPY remains on the upside for the moment and current rally should extend to 150 psychological level next....

Asian equities opened the week broadly high in response to positive job and manufacturing data from US on Friday. Also supporting sentiments was services PMI from China, which improved slightly from...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.12; (P) 143.66; (R1) 144.43;GBP/JPY's rises to as high as 146.45 so far today on broad based weakness in yen. The strong break of 144.80 confirmed...

Markets are back to business as the euro rallies and the yen decline continues. EUR/USD extended its recent rise and broke 1.36 level while USD/JPY also jumped above 92 level. The break of a near term...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.12; (P) 143.66; (R1) 144.43;GBP/JPY is still bounded in range of 139.25/144.80 and intraday bias remains neutral. With 139.25 support intact, outlook stays...

FOMC statement overnight extended dollar's weakness against euro briefly but it quickly stabilized and recovered. But against, the close above 1.35 level in EUR/USD carried some larger bullish...

Dollar is soft against most major currencies as markets are awaiting some key events for today, and for the rest of the week. As for today, the US calendar will start with ADP employment report,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.20; (P) 142.67; (R1) 143.45;Intraday bias in GBP/JPY remains neutral for the moment as it continues to stay in range of 139.25/144.80. As long as 139.25...