ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 127.63; (P) 128.60; (R1) 129.10GBP/JPY's fall from 133.48 resumed by taking out 127.87 and reaches as low as 127.35 so far today. Intraday bias remains on the...

Euro weakens broadly as the week starts and is back pressing 1.3 level against dollar as being weighed down by worry on Spain. As Spanish 10-year yield is climbing back towards the unsustainable level...

GBP/JPY Friday OutlookDaily Pivots: (S1) 128.61; (P) 128.97; (R1) 129.46Intraday bias in GBP/JPY remains neutral for the moment. With 126.54 support intact, rise from 117.29 is expected to continue...

China data was the major focus in Asian session today. China's Q1 GDP rose less than expected by 8.1% yoy versus consensus of 8.3%. However, except for the Aussie dollar, reactions in financial...

Sentiments stabilized somewhat on talk of resumption of ECB's SMP on Thursday. Asian equities were broadly higher, recovering some of last week's lost ground, following the 90 pts recovery in the Dow....

GBP/JPY Daily OutlookDaily Pivots: (S1) 128.90; (P) 129.41; (R1) 129.99GBP/JPY's choppy fall from 133.48 is still in progress and deep decline could be seen. But we'd expect a downside to be contained...

Risk-aversion continues to dominate markets on Spain's situation even though that's not being reflected in the currency markets. Spain's 10-year benchmark yield is pressing 6% and would like continue...

GBP/JPYDaily Pivots: (S1) 128.90; (P) 129.41; (R1) 129.99With 4 hours MACD staying above signal line, intraday bias in GBP/JPY is neutral for the moment. With 126.54 support intact, further rally...

The Japanese yen recovered some lost ground today after BoJ left rates unchanged at 0-0.1% as widely expected. The bank also refrained from adding to its stimulus of JPY 30T asset purchase fund and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.21; (P) 131.03; (R1) 131.80GBP/JPY's consolidation from 133.48 is still in progress. Below 130.00 will bring deeper pull back but still, downside is...

Market sentiments remains generally weak today, still weighed down by fading hope on additional stimulus from Fed and worry on Spain after yesterday's poor bond auction. The poor bond auctions...

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.02; (P) 131.49; (R1) 132.24GBP/JPY's sideways consolidation from 133.48 is still in progress and intraday bias remains neutral. Deeper decline might be seen...

FOMC minutes released overnight dented hope for QE3 and turned markets into risk averse mode. Asian equities were broadly lower today even though th Dow pared some losses to close just -65 pts down....

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.69; (P) 131.97; (R1) 132.77GBP/JPY continues to be bounded in range below 133.48 and intraday bias remains neutral. Deeper decline might be seen as such...

Markets remain mixed in Asian session today. Dollar is seen soft against Sterling and Japanese yen but is bounded in right range against euro. Overnight's strong rebound in crude oil sent USD/CAD...

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.18; (P) 131.95; (R1) 133.29Intraday bias in GBP/JPY remains neutral for the moment. As consolidation extends, another fall cannot be ruled out. But downside...