ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.95; (P) 131.69; (R1) 132.27A temporary top is in place at 132.44 and intraday bias in GBP/JPY is turned neutral for some consolidations Below 130.79 will...

The euro was lifted mildly as eurozone finance minister finally reached an agreement on Greece's fiscal consolidation and agreed that the disbursement of the next tranche of bailout fund would be done...

Markets are relatively steady in Asian session today following the steep move on Friday. The yen edged lower in initial trading but loss is limited. Meanwhile, dollar is trying to recover mildly...

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.14; (P) 131.68; (R1) 132.56Intraday bias in GBP/JPY remains on the upside for the moment. Sustained trading above the channel resistance will indicate...

Risk appetite staged a strong comeback as week on positive economic from Europe and China. In thin holiday trading, the Dow soared 3.3%, or 421 pts to close above 13000 psychological level at...

Expectation on a definitive deal on Greece on Monday continues to support euro. European economics commissioner Rehn said Thursday that he saw "no reason why we should not be able to conclude the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.90; (P) 131.61; (R1) 132.15GBP/JPY jumped to as high as 132.32 and lost some upside momentum after hitting upper channel resistance. Though, bias remains on...

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.52; (P) 131.10; (R1) 132.20GBP/JPY rose to as high as 131.88 so far and hit mentioned upper channel resistance. Intraday bias remains on the upside and...

The dollar weakens against other major currencies, except the yen, as risk sentiments are lifted mildly by positive manufacturing data from China. The HSBC china manufacturing PMI rose to 50.4 in...

GBP/JPY Daily OutlookDaily Pivots: (S1) 129.33; (P) 129.76; (R1) 130.50Intraday bias in GBP/JPY remains on the upside with 129.02 minor support intact. Current rally should now extend to upper channel...

The euro tumbled sharply as the eurozone finance minister meeting failed to deliver. There was no agreement on the package of the two year extension, nor was there approval for the next tranche of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 129.03; (P) 129.38; (R1) 129.83GBP/JPY breached 129.64 briefly but without follow through buying. Upside momentum is also a bit unconvincing now. Intraday bias...

The Japanese yen stays soft in tight range after BoJ ended the policy meeting with an unanimous decision to leave to interest rates and asset purchases unchanged. That followed expansion of the size...

GBP/JPY Daily OutlookDaily Pivots: (S1) 129.05; (P) 129.39; (R1) 129.65Intraday bias in GBP/JPY remains on the upside for the moment. Sustained break of 129.64 resistance will confirm resumption of...

Asian equities are mostly higher on the positive tone struck by US president Obama after meeting with Congress leaders last Friday over the issue of fiscal cliff. Obama affirmed again when he started...

The yen was under spotlight last week as prime minister Noda surprised the markets by dissolving the lower house of parliament which now triggered an election in December. The development raised the...