ActionForex

Daily Pivots: (S1) 121.10; (P) 121.56; (R1) 122.20; GBP/JPY is still bounded in range of 119.98 and 122.62. Intraday bias remains neutral. On the downside, below 119.98 minor support will affirm the...

Sentiments took a big hit overnight on news that while the highly anticipated EU summit remains scheduled for today, the meeting between finance ministers was canceled. The arrangement argued that...

Daily Pivots: (S1) 105.25; (P) 105.86; (R1) 106.57;EUR/JPY is still bounded in range of 104.77/107.67. Intraday bias remains neutral. On the downside, below 104.77 should affirm that rise from 100.74...

Daily Pivots: (S1) 121.08; (P) 121.58; (R1) 122.20;GBP/JPY is still bounded in range of 119.98 and 122.62. Intraday bias remains neutral. On the downside, below 119.98 minor support will affirm the...

Dollar remains broadly soft with the dollar index continuing to press 76 level. Talks on the Eurozone debt crisis continued as Institute of International Finance warned that private sector involvement...

Daily Pivots: (S1) 105.02; (P) 105.66; (R1) 106.44;EUR/JPY recovers mildly today but is still bounded in range of 104.77/107.67. Intraday bias remains neutral. On the downside, below 104.77 should...

Daily Pivots: (S1) 120.85; (P) 121.47; (R1) 122.15;GBP/JPY recovers further today but is still bounded in range of 119.98 and 122.62. Intraday bias remains neutral. On the downside, below 119.98 minor...

Dollar remains broadly weak as the week starts as markets sentiments are boosted by solid Asian economic data. The preliminary HSBC China Manufacturing PMI rebounded from 49.9 to 51.1 in October, back...

Daily Pivots: (S1) 105.02; (P) 105.66; (R1) 106.44;EUR/JPY struggles to take out 4 hours 55 EMA so far and intraday bias is turned neutral. On the downside, below 104.77 will affirm the case that...

Daily Pivots: (S1) 120.53; (P) 121.03; (R1) 121.69;With 4 hours MACD crossed above signal line, intraday bias in GBP/JPY turns neutral again. On the downside, below 119.98 minor support will affirm...

Markets are cautiously staying in tight range for the moment as traders are refusing to bet on either side ahead of the highly anticipated EU summit. It's known that German and France are having much...