ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 127.46; (P) 128.22; (R1) 129.51With 128.00 minor support intact, intraday bias in GBP/JPY remains on the upside for 129.64 resistance. Break will confirm...

GBP/JPY Daily OutlookDaily Pivots: (S1) 126.21; (P) 126.86; (R1) 127.74GBP/JPY jumps further to as high as 128.32 so far today and intraday bias remains on the upside for a test on 129.60/64...

Selloff of the Japanese yen accelerates today on prospect of unlimited easing from BoJ. The weakness started yesterday when current prime minister Noda said that he will dissolve the parliament, which...

GBP/JPY Daily OutlookDaily Pivots: (S1) 125.56; (P) 126.09; (R1) 126.52With 4 hours MACD staying above signal line, intraday bias is turned neutral first. On the upside, break of 127.03 minor...

Sentiments remained generally weak this week so far. US equities reversed earlier gains as Microsoft led a selloff towards the end of the session which saw the Dow closed -58.9 pts lower and S&P...

GBP/JPY Daily OutlookDaily Pivots: (S1) 125.93; (P) 126.23; (R1) 127.49A deeper fall could be seen in GBP/JPY. Yet, as long as 124.72 support holds, rebound from 118.82 is still in favor to continue....

The yen and dollar strengthened broadly in Asian session today on risk aversion. Asian indicates opened mixed following a flat close in the Dow overnight, but quickly turned all red on another round...

GBP/JPY Daily OutlookDaily Pivots: (S1) 125.68; (P) 126.57; (R1) 127.20Deeper fall could be seen in GBP/JPY. Yet, as long as 124.72 support holds, rebound from 118.82 is still in favor to continue....

Markets are mixed as the week starts. Positive news of Chinese export growth was offset by negative news of Japan's GDP contraction. Greek's parliament passed the 2013 budget, which is crucial to...

Beware Of Pull Back As Stocks Face SupportWe were correct in anticipating deeper fall in global stock markets last week. Obama's win in the US presidential election kicked start a round of steep...

Sentiments remain weak as the week is heading to close. Asian equities are broadly lower following the -121pts fall in the Dow overnight. Nikkei and HK HSI opened lower and stayed deep in red despite...

GBP/JPY Daily OutlookDaily Pivots: (S1) 126.52; (P) 127.20; (R1) 127.70;Deeper decline could still be seen in GBP/JPY as consolidation from 129.64 extends. But, we'll stay bullish as long as 124.72...

GBP/JPY Daily OutlookDaily Pivots: (S1) 127.22; (P) 128.02; (R1) 128.66The consolidation pattern from 129.64 is still in progress and deeper fall could be seen. But, we'll stay bullish as long as...

Risk aversion dominated markets since Obama's re-election as US president as the Dow suffered the biggest decline in a year and dropped -312.95 points overnight to close below 13000 psychological...

GBP/JPY Daily OutlookDaily Pivots: (S1) 128.01; (P) 128.36; (R1) 128.88;Consolidation from 129.64 is still in progress and deeper decline could be seen to 127.03 and below. But, we'll stay bullish as...

Dollar drops sharply as Obama is set to win US presidential elections based on latest projections. Strength is seen in European majors against the Greenback and we could probably seen the...