ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 129.44; (P) 129.95; (R1) 130.21;At this point, we're favoring the case that recovery from 127.10 has finished at 131.79. Deeper fall would be seen to 127.10...

After yesterday's brief rally, dollar stuck in tight range against European majors today as markets are awaiting employment report from US. Yesterday's jobless claims data eased some concerns on job...

GBP/JPY Daily OutlookDaily Pivots: (S1) 129.27; (P) 130.02; (R1) 130.56At this point, we're favoring the case that recovery from 127.10 has finished at 131.79. Deeper fall would be seen to 127.10...

Euro remains generally soft as markets are awaiting today's ECB meeting. ECB is widely expected to hold its key interest rate at 1%, without a doubt. There have been increasing calls for restart of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 129.26; (P) 129.71; (R1) 130.34As noted, rebound from 127.10 might have completed at 131.79 already and deeper fall should be seen towards 127.10. Break there...

Dollar maintains some post-ISM gains in Asian session today even though there is lack of follow through buying so far. Richmond Fed Lacker, a known hawk, warned that additional quantitative easing...

GBP/JPY Daily OutlookDaily Pivots: (S1) 129.00; (P) 129.92; (R1) 130.49GBP/JPY's sharp fall and break of 129.83 minor support suggests that rebound from 127.10 has already completed at 131.79....

Aussie tumbles sharply today after RBA unexpectedly cut rates by 50bps and issued a rather dovish statement. Also pressuring the aussie is house price index which showed -1.1% qoq fall in Q1 versus...

GBP/JPY Daily OutlookDaily Pivots: (S1) 129.87; (P) 130.81; (R1) 131.47Intra-day bias in GBP/JPY remains neutral for the moment. With 129.83 minor support intact, another rise remains mildly in favor....

The euro is mildly softer against most major currencies except the dollar as investors' focus is on Spain's GDP data today. Economists are expecting Spanish economy to contract -0.4% qoq in Q1,...

EURUR/JPY's recovery attempt was limited below 108.00 resistance week and subsequent fall suggests that rebound from 104.61 is already finished. Initial bias is mildly on the downside this week for a...

GBP/JPY struggled in tight range last week and more sideway trading could be seen in near term. Though, with 129.83 minor support intact, another rise remains mildly in favor. Above 131.79 will target...

The dollar was the weakest currency last week as poor job data and Q1 GDP revived talk of QE3 from the Fed. Also, dollar was dragged down by strength in stocks, which were then boosted by solid...

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.52; (P) 131.06; (R1) 131.61;At this point, GBP/JPY continues to stay in tight range below 131.79 and intraday bias remains neutral. Another rise is mildly...

BoJ left rates unchanged at 0-0.1% on Friday. Also, the bank decided to boost government bond purchase by JPY 10T. In addition, BOJ will also expand purchases of ETFS by JPY 0.2T and REITS by JPY...

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.71; (P) 131.26; (R1) 132.00;Intraday bias in GBP/JPY remains neutral for the moment and more consolidations could still be seen. But with 129.53 minor...