ActionForex

The Japanese Yen's sell off continues today after the country unexpectedly reported deficit of JPY -0.57T in December. More importantly, Japan posted its first annual trade deficit since 1980, that...

GBP/JPY Daily OutlookDaily Pivots: (S1) 119.52; (P) 119.86; (R1) 120.23;Further rise is still expected in GBP/JPY with 118.63 minor support intact. Rebound from 117.29 is possibly the third leg of the...

Euro retreats mildly after IIF has made the "maximum" debt swap offer but was rejected by Eurozone finance ministers. As Dutch Finance Minister Jan Kees de Jager said the offer would leave's debt...

GBP/JPY Daily OutlookDaily Pivots: (S1) 119.43; (P) 119.68; (R1) 120.19; GBP/JPY's recovery from 117.29 short term bottom might extend further higher to 122.76 resistance. As noted before, such...

Euro is mildly softer today as Greek PSI talk drags on. Also, trading activities are subdued in Asia due to Chinese new year holiday. After intensive discussion over the weekend, there is no clear...

GBP/JPY Daily OutlookDaily Pivots: (S1) 118.57; (P) 119.14; (R1) 119.98;GBP/JPY rises further to as high as 119.72 so far today and the strong break of 119.11 resistance confirms that a short term...

Euro extends this week's broad based rally today and continues to head towards 1.3 against dollar and 100 against yen. Solid bond longer bond auctions yesterday removed the worry on downgrade impact...

GBP/JPY Daily OutlookDaily Pivots: (S1) 117.88; (P) 118.26; (R1) 118.96;GBP/JPY's recovery from 117.29 is still in progress and more consolidative trading could be seen. But note that with 119.11...

Euro extends recovery against other major currencies on report that Greece is close to a deal with private sector investor on debt swap. An unnamed official said that there could be an agreement by...

GBP/JPY Daily OutlookDaily Pivots: (S1) 117.45; (P) 117.86; (R1) 118.19;Intraday bias in GBP/JPY remains neutral and more consolidation could be seen above 117.29 temporary low. Though, near term...

Euro is feeling some resistance against dollar at around 1.28 level as risk rally loses steam. Markets reaction to S&P's downgrade was so far limited, which reflected in successful bill auctions...

GBP/JPY Daily OutlookDaily Pivots: (S1) 117.37; (P) 117.78; (R1) 118.27;A temporary low is in place at 117.29 and intraday bias is turned neutral for the moment. Nonetheless, near term outlook remains...

Risk appetite recovers in Asia following stronger than expected economic data from China. Q4 GDP slowed to 8.9% yoy, the weakest in 2.5 years. However, that was better than market consensus of 8.7%...

GBP/JPY Daily OutlookDaily Pivots: (S1) 117.37; (P) 117.78; (R1) 118.27;GBP/JPY lost form downside momentum as the week starts but after all, near term outlook remains bearish as long as 119.11 minor...

Asian markets open broadly lower in reaction to S&P's downgrade of nine Eurozone states after Friday's close. Euro remains generally weak but the selloff is so far limited in Asia. The main...

GBP/JPY Daily OutlookDaily Pivots: (S1) 117.42; (P) 117.42; (R1) 117.42; MoreIntraday bias in GBP/JPY remains on the downside for the moment. Current fall is expected to extend to 116.83 key support...