ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 120.50; (P) 120.71; (R1) 120.96;GBP/JPY lost some downside moment with 4 hours MACD crossed above signal line. But we'd still favor further decline for the...

Dollar is mildly softer today as risk aversion recedes on solid data from US overnight. Asian equities are genearlly higher following the mild 45pts recovery in DOW. Fitch downgraded some of the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 120.30; (P) 120.71; (R1) 121.14;Intraday bias in GBP/JPY remains cautiously on the downside for the moment. Recovery from 119.37 should have finished at 122.56...

Risk sentiments remain weak in Asian markets today on poor economic data. HSBC Flash China manufacturing PMI stayed in contraction region at 49 in December. Even though that's an improvement from...

GBP/JPY Daily OutlookDaily Pivots: (S1) 120.28; (P) 120.97; (R1) 121.44;GBP/JPY's break of 120.75 minor support suggests that recovery from 119.37 is completed at 122.56 already. Intraday bias is back...

Asian markets are generally weak today following the post FOMC selloff in US overnight. As noted yesterday, dollar index broke 80 psychological level and completed a medium term bullish reversal...

GBP/JPY Daily OutlookDaily Pivots: (S1) 120.80; (P) 121.29; (R1) 121.88;GBP/JPY is still staying in range of 120.75/122./.56 and intraday bias remains neutral. Break of 120.75 will indicate that...

Market sentiments remain pressured by threat of European downgrades by rating agencies. After S&P and Moody's, Fitch criticized yesterday that there is a "lack of comprehensive solution" to the...

Daily Pivots: (S1) 103.22; (P) 103.81; (R1) 104.48;Intraday bias in EUR/JPY remains neural for the moment and some more sideway trading might be seen. But still, we're favoring the case that...

Daily Pivots: (S1) 121.01; (P) 121.61; (R1) 122.23;Intraday bias in GBP/JPY remains neutral at this point, with focus on 120.75 minor support. Break there will indicate that choppy recovery from...

Euro opens the week mildly lower as markets' focus are turning to the possibility of S&P downgrades, as early as today. S&P placed 15 eurozone nations on review last week and warned of...

Daily Pivots: (S1) 102.99; (P) 103.60; (R1) 104.21;As noted before, EUR/JPY's recovery from 102.48 should have finished at 105.54. Intraday bias remains on the downside for 102.48 support. Break will...

Daily Pivots: (S1) 120.80; (P) 121.43; (R1) 121.93;GBP/JPY still staying in tight range of 120.75/122.56 and intraday bias remains neutral. With 120.75 minor support intact, another rise cannot be...

Asian markets are broadly lower following yesterday's ECB disappointment. In addition to that, sentiments are generally weighed down by dimmed hope of substantial progress from the EU summit. One of...

Daily Pivots: (S1) 103.79; (P) 104.15; (R1) 104.54;No change in EUR/JPY's outlook as it's still staying in tight range below 105.54. Another rise cannot be ruled out with 103.33 minor support intact....

Daily Pivots: (S1) 121.35; (P) 121.78; (R1) 122.45; GBP/JPY recovers ahead of 120.75 minor support but upside is limited below 122.56 so far and intraday bias remains neutral. With 120.75 minor...