ActionForex

Daily Pivots: (S1) 103.11; (P) 103.81; (R1) 104.57;As noted before, a short term bottom is in place in EUR/JPY on bullish convergence condition in 4 hours MACD. Also, current development dampened the...

Daily Pivots: (S1) 120.00; (P) 120.84; (R1) 121.77;Intraday bias in GBP/JPY is neutral for the moment and some more consolidations could be seen above 119.37 temporary low. Nonetheless, outlook...

Dollar remains a bit soft in Asian session today after Fitch downgraded US's AAA rating outlook to negative, noting “declining confidence that timely fiscal measures necessary to place U.S....

Daily Pivots: (S1) 102.48; (P) 102.86; (R1) 103.24; Intraday bias in EUR/JPY is neutral for the moment and some consolidations could be see above 102.48 temporary low. But still, near term outlook...

Daily Pivots: (S1) 119.39; (P) 119.93; (R1) 120.47;Intraday bias in GBP/JPY is neutral for the moment and some more consolidations could be seen above 119.37 temporary low. Nonetheless, outlook...

Sentiments recovered as the week started on the back of record Black Friday sales in US and IMF's Italian bailout rumor. According to the data from US National Retail Federation released Sunday,...

Daily Pivots: (S1) 102.58; (P) 103.01; (R1) 103.33;Further decline is still expected in EUR/JPY with 104.35 minor resistance intact. Current decline from 111.57 is expected to continue to retest...

Euro extends recent slide against dollar, and takes other European majors down as more bad news came out of Europe. Portugal's credit rating was downgraded by Fitch yesterday from BBB- to BB+ with a...

Daily Pivots: (S1) 119.16; (P) 119.66; (R1) 119.95;With 120.93 minor resistance intact, further decline is still in favor and the fall from 127.30 should extend to retest 116.96 low. On the upside,...

Daily Pivots: (S1) 103.63; (P) 103.99; (R1) 104.31;EUR/JPY's break of 103.22 suggests that recent fall from 111.57 has resumed. Intraday bias is back on the downside and deeper fall might be seen to...

Daily Pivots: (S1) 119.72; (P) 120.10; (R1) 120.37;GBP/JPY loses some downside momentum but intraday bias is still on the downside for the moment. Fall from 127.30 is still in progress and should be...

After sharp risk aversion triggered by disastrous German bond sale yesterday, sentiments recovered today on news that China is starting to loosen up credit conditions. It's confirmed that PBoC has...

Daily Pivots: (S1) 103.63; (P) 103.99; (R1) 104.31;EUR/JPY dips sharply in early European session but is still staying above 103.22 temporary low. Intraday bias remains neutral. As noted before, while...

Daily Pivots: (S1) 119.66; (P) 120.58; (R1) 121.12;GBP/JPY dips further to as low as 119.82 so far today and intraday bias remains on the downside. The break of 119.98 support confirms that whole...

Dollar remains firm today as markets are still dominated by risk aversion. IMF announced over night a set of measures to offer short-term credits as insurance for nations. That helped stabilized...

Daily Pivots: (S1) 103.22; (P) 103.71; (R1) 104.21;Despite dipping briefly to 103.22, EUR/JPY quickly recovered back with 4 hours MACD staying above signal line. Intraday bias remains neutral for more...