ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 125.51; (P) 125.85; (R1) 126.25;No change in GBP/JPY's outlook. With 124.49 minor support intact, recent rally in GBP/JPY is still in favor to continue to...

Euro extends it's rally against dollar and yen today and continues to recover against commodity currencies. The G20 meeting in Mexico City at the weekend will be a main focus as European Union leaders...

GBP/JPY Daily OutlookDaily Pivots: (S1) 125.37; (P) 125.99; (R1) 126.39;With 124.49 minor support intact, recent rally in GBP/JPY is still in favor to continue to 127.30 resistance, which is close to...

While trading activities are relative subdued today so far, dollar is seen softening and is possibly back under some mild pressure. Swiss franc has been quietly firm this week and is leading the rally...

GBP/JPY Daily OutlookDaily Pivots: (S1) 125.41; (P) 126.03; (R1) 126.42;Another rise remains in favor in GBP/JPY with 124.49 minor support intact. Current rally could extend to 127.30 resistance,...

Market's focus is turning back to yen selling today as USD/JPY breaches 80 psychological level. BoJ's ultra easing monetary policy is factor that contributes recent weakness in the Japanese yen and is...

EUR/JPY Daily OutlookDaily Pivots: (S1) 104.81; (P) 105.28; (R1) 105.90;EUR/JPY's rally is still in progress and reaches as high as 105.96 so far today. Intraday bias remains on the upside and current...

Euro remains firms today as Greece finally secured the long awaited EUR 130b bailout from EU finance ministers. The deal, which provides short term relief for Greece and aim to cut debt to GDP ratio...

GBP/JPY Daily OutlookDaily Pivots: (S1) 124.83; (P) 125.45; (R1) 126.37;GBP/JPY rises further to as high as 126.83 so far today and intraday bias remains on the upside for 127.30 resistance, which is...

Dollar is broadly lower as the week started with strong risk appetite as lifted by China's easing measure. Though, the loss is so far limited with EUR/USD held below 1.3321 resistance, GBP/USD below...

EUR/JPY jumped further to as high as 104.66 last week as rebound from 97.03 extended. Mentioned target of 100% projection of 97.03 to 102.20 from 99.24 at 104.41 was met and EUR/JPY is now close to...

GBP/JPY jumped to as high as 126.06 last week and met mentioned target of 100% projection of 117.29 to 122.04 from 119.58 at 124.33. Initial bias remains on the upside this week and further rise...

The Japanese yen was overwhelmingly weak in an otherwise rather mixed week. Greece continued to dominate headlines as the approval of the second bailout was once again delayed. The common currency was...

GBP/JPY Daily OutlookDaily Pivots: (S1) 123.41; (P) 124.10; (R1) 125.40; MoreGBP/JPY rises further to as high as 125.22 so far and breaks mentioned target of 100% projection of 117.29 to 122.04 from...

The Japanese yen continues to be the biggest loser this week, in particular to commodity currencies, on risk appetite as well as the aftermath of BoJ's surprised additional easing. Yen crosses are...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.62; (P) 123.05; (R1) 123.51;With 121.67 minor support intact, GBP/JPY's rally from 117.29 is still expected to continue. Current rally should target target...