ActionForex

EUR/JPY Weekly OutlookEUR/JPY rebounded further to as high as 100.62 last week but failed to sustain above mentioned 100.20 resistance (38.2% retracement of 108.00 to 95.64 at 100.36). Initial bias...

GBP/JPY Weekly OutlookGBP/JPY rebounded to as high as 124.34 last week but lost momentum ahead of mentioned 124.64 resistance. Outlook, thus remains unchanged that rebound from 118.82 is a correction...

Risk markets opened the week strongly on news that Spain finally surrendered and called for regional help for its banking sector over the weekend. An agreement was reached which would provide Spain as...

Much volatility was seen in the markets last week as talk of additional easing from Fed, as well as rate cuts from China and RBA, boosted risk markets and pressured dollar. The hope for QE3 was then...

GBP/JPYDaily Pivots: (S1) 122.51; (P) 123.42; (R1) 124.54No change in GBP/JPY's outlook. Rebound from 118.82 is viewed as a correction only. Hence, even in the case of another rise, upside should be...

Risk rally seemed to have lost much momentum as investors were disappointed by Fed Chairman Bernanke's lack of signal on adding monetary stimulus overnight is his testimony to congress. In addition,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 121.40; (P) 122.17; (R1) 123.47GBP/JPY's rebound form 118.82 is still in progress and further rally might be seen. But after all, such rebound is viewed as a...

A couple of developments gave markets a overnight which led to strong rally in Dow for as much as 286 pts, or 2.37%. Firstly, there were talks that Germany and EU officials are looking at resolutions...

GBP/JPY Daily OutlookDaily Pivots: (S1) 119.95; (P) 120.31; (R1) 120.85GBP/JPY's rebound from 118.82 extends further today and at this point stronger rise could still be seen. But such rebound is...

Asian markets strengthened today and pared much of this week's lost, following mild recovery in the Dow overnight. Sentiments was also given a lift by strong Australian data. Aussie GDP showed an...

GBP/JPY Daily OutlookDaily Pivots: (S1) 119.95; (P) 120.31; (R1) 120.85GBP/JPY's consolidation from 118.82 is still in progress and more sideway trading could be seen. In case of stronger recovery,...

Euro continues to recover against dollar and yen ahead of an emergency conference call between G7 finance ministers today. Canadian finance minister Flaherty confirmed there will be a call with...

GBP/JPY Daily OutlookDaily Pivots: (S1) 118.67; (P) 119.86; (R1) 120.94Intra-day bias in GBP/JPY is neutral for the moment and some consolidations could be seen above 118.82 temporary low. But in case...

Asian equities are deep in red today, in reaction to the -274pts fall in Dow on Friday after dismal employment data from the US. Crude oil also extends recent decline on weaker economic outlook....

EUR/JPY Weekly OutlookEUR/JPY dropped to as low as 95.64 last week before forming a temporary low there and recovered. Initial bias is neutral this week for some consolidations. But upside of recovery...

GBP/JPY dropped to as low as 118.82 last week and broke mentioned target of 61.8% retracement of 116.83 to 133.48 at 123.19. A temporary low might be formed and initial bias is neutral this week for...