ActionForex

Euro opens the week lower as Greece takes another step further, closer to a new election in June. Greek President Papoulias leaders of major parties on Sunday hopping to form a unity government but...

EUR/JPY dropped to as low as 102.75 last week as recent fall from 111.43 continued. The cross lost some momentum ahead of 61.8% retracement of 97.03 to 111.43 at 102.53 and turned sideway. With 4...

GBP/JPY continued to gyrate lower towards 127.10 last week. Further decline is still expected with 129.57 resistance intact. Break of 127.10 will confirm resumption of whole fall from 133.48 and...

Global risk markets tumbled last week as political uncertainty in Greece raised the odds of the country leaving eurozone. European majors dropped against dollar and yen, with EUR/USD broke below 1.3...

GBP/JPY Daily OutlookDaily Pivots: (S1) 128.30; (P) 128.85; (R1) 129.57With 129.57 minor resistance intact, GBP/JPY's fall is still expected to continue to 127.10 support. Break will confirm...

Risk aversion continued to dominate markets Friday as equity markets were hit by surprise $2b loss off JPMorgan Chase, the biggest US bank by assets. Asian indices are broadly lower with Nikkei down...

GBP/JPY Daily OutlookDaily Pivots: (S1) 127.79; (P) 128.44; (R1) 129.07GBP/JPY's choppy fall from 131.79 is still in progress for 127.10 support. Break will confirm resumption of whole fall from...

Euro remains generally soft on Greece situation. EFSF, the Eurozone temporary bailout fund, said in a statement yesterday that EUR 4.2b of fund will be disbursed to Greece on May, as part of the...

Daily Pivots: (S1) 128.58; (P) 129.08; (R1) 129.53With 130.76 minor resistance intact, GBP/JPY's fall from 131.79 is still expected to continue to 127.10 support. Break will confirm resumption of...

Risk markets tumble sharply again as worry on Greece intensifies. Asian equities are broadly lower even though the Dow pared much of the mid-session loss and closed merely down -0.6%. Commodity...

GBP/JPY Daily OutlookDaily Pivots: (S1) 128.63; (P) 129.05; (R1) 129.73With 130.76 minor resistance intact, GBP/JPY's fall from 131.79 is still expected to continue to 127.10 support. Break will...

The euro continues to hover above 1.3 level against dollar after stabilizing from yesterday's sharp sell-off. The final result of Greek election had New Democracy and Pasok secure only 149 out of 300...

GBP/JPY Daily OutlookDaily Pivots: (S1) 128.57; (P) 129.27; (R1) 129.71;GBP/JPY drops to as low as 128.38 so far today and intraday bias remains on the downside for 127.10 support. Break will confirm...

EUR/JPY's break of 104.61 support last week confirmed resumption of fall from 111.43. Initial bias remains on the downside this week for 61.8% retracement of 97.03 to 111.43 at 102.53 next. Break will...

GBP/JPY's decline last week indicates that rebound from 127.10 has completed at 131.79 already. Initial bias remains on the downside this week for 127.10 first. Break will confirm resumption of whole...

Euro drops sharply as the week starts as election results in France and Greece raised concerns on the countries' commitment to Austerity measures and the stability in Eurozone. Socialist Francois...