ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.59; (P) 130.99; (R1) 131.67GBP/JPY recovers today but stays in tight range below 131.79 and intraday bias remains neutral. With 129.53 minor support intact,...

Markets continue to stay in tight range in Asian session today. Stocks were lifted by solid earnings from 3M and Apple. Both dollar and yen are mildly softer on risk appetite but loss is so far...

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.19; (P) 130.95; (R1) 131.72Intra-day bias in GBP/JPY remains neutral for the moment. Note that with 129.53 minor support intact, another rise could still be...

Sentiments are generally weak today as weighed down by political uncertainties in Europe. Asian equities are broadly lower following the sell-off in US stocks overnight, which saw -102 pts fall in the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.96; (P) 131.37; (R1) 131.90Today's retreat from 131.79 dragged 4 hours MACD below signal line and turn intraday bias neutral first. At this point, with...

Risk sentiments are weak as the week starts as Asian equities are weighed down by poor earning reports from Daewoo Engineering & Construction, Tokyo Steel Manufacturing and China Mobile. Also,...

After dipping to 104.61 last week, EUR/JPY formed a short term bottom there and recovered. Initial bias is mildly on the upside this week and further rise could be seen back to 111.43/57 resistance...

After initial dip to 127.10, GBP/JPY received strong support from 55 days EMA and 38.2% retracement of 117.29 to 133.48 and rebounded. A short term bottom should be in place. Initial bias remains on...

The anticipated rally in dollar and selloff in risks didn't happen last week. Instead, a couple of developments were positive to other currencies except the dollar and yen. The euro was supported by...

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.33; (P) 130.71; (R1) 131.34Intra-day bias in GBP/JPY remains on the upside for the moment. Choppy decline from 133.48 should have finished at 127.10 after...

Markets were rather steady in Asia on Friday. Dollar and yen were soft but there was no clear selling momentum. The European debt crisis is a key topic in G20 meeting in Washington. Meanwhile a major...

GBP/JPY Daily OutlookDaily Pivots: (S1) 129.09; (P) 129.76; (R1) 130.85As noted before, choppy decline from 133.48 should have finished at 127.10 after drawing support from 38.2% retracement of 117.29...

Euro remains in range as markets are cautiously awaiting an important bond auction from Spain today. Tuesday's bill auction was a success with strong demand and yield dropped back below 6% after that....

GBP/JPY Daily OutlookDaily Pivots: (S1) 127.86; (P) 128.41; (R1) 129.27In the bigger picture, recent pull back in GBP/JPY was relatively shallower than other yen crosses. Indeed, 126.54 support is...

Yen weakens broadly while dollar remains soft as yesterday's risk rallies carried on to today's Asian session. Asia equities are generally higher following the 194 pts rise in the Dow overnight....

Daily Pivots: (S1) 127.16; (P) 127.75; (R1) 128.40Another fall is still in favor in GBP/JPY with 129.57 minor resistance intact, for for 126.54 support. Break there will indicate completion of whole...