ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 136.12; (P) 136.52; (R1) 137.21;GBP/JPY's rally extends further to as high as 137.14 so far today and intraday bias remains on the upside. As noted before,...

Global equity markets continue to strengthen, following 115 pts gain in the Dow overnight. Recent news regarding fiscal cliff negotiation is perceived as constructive discussion between the two...

GBP/JPY Daily OutlookDaily Pivots: (S1) 135.45; (P) 135.91; (R1) 136.39Intraday bias in GBP/JPY remains on the upside for the moment and current rally is expected to continue to next key resistance...

EUR: The single currency continued to trade in tight range in part due to thin holiday trading, mixture of bids and stops remains at 1.3135-45 and more buying interests from sovereign names are...

GBP/JPY Daily OutlookDaily Pivots: (S1) 134.40; (P) 134.90; (R1) 135.50GBP/JPY jumps further to as high as 136.37 so far today and intraday bias remains on the upside. As 133.48 resistance was already...

The Japanese yen drops sharply across the board today in reaction to news of Liberal Democratic Party's victory in the election on Sunday. As widely expected, the LDP returned to power, winning 294...

While dollar was sold off broadly on Fed's easing extension last week and fiscal cliff deadlock, yen was even weaker ahead of election on Sunday. BoJ is widely expected to expand its easing program...

GBP/JPY Daily OutlookDaily Pivots: (S1) 134.23; (P) 134.65; (R1) 135.17GBP/JPY's rally extends today and reaches as high as 135.40 so far. Intraday bias remains on the upside and current rise from...

Another round of sell-off was seen in the Japanese yen Friday as investors prepared for the election to be held in Japan Sunday. The Liberal Democratic Party is widely tipped to regain power in Japan...

GBP/JPY Daily OutlookDaily Pivots: (S1) 133.33; (P) 133.97; (R1) 135.09GBP/JPY rises further to as high as 135.07 so far today. Intraday bias remains on the upside for the moment. With 133.48...

While the dollar was broadly pressured after Fed's extension of the quantitative easing, it's the Japanese yen that's suffered most. Fed's easing measures met generally market expectations but it was...

GBP/JPY Daily OutlookDaily Pivots: (S1) 132.49; (P) 132.78; (R1) 133.23The break of 132.93 indicates that GBP/JPY's recent rally has resumed. Intraday bias is back on the upside for 133.48 resistance....

Dollar is soft against most major currencies, except yen, as markets are awaiting today's FOMC rate decision. We expect the Fed would announce expansion of the size of asset purchases by USD 45B at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.88; (P) 132.17; (R1) 132.69Intraday bias in GBP/JPY remains neutral for the moment and some consolidations would be seen below 132.93. Further rally would...

After some initial volatility, the forex markets are generally still stuck in tight range this week so far. Negotiation on resolving the fiscal cliff remained a deadlock although House of Speaker...

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.75; (P) 132.17; (R1) 132.67Intraday bias in GBP/JPY remains neutral for the moment and some consolidations would be seen below 132.93. Further rally would...