ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 147.71; (P) 148.93; (R1) 149.59; Despite dropping sharply from 150.29, GBP/USD is holding above 147.03 minor support. Intraday bias remains neutral first....

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8679; (P) 0.8710; (R1) 0.8757; Intraday bias in EUR/GBP is turned neutral with a temporary low for at 0.8666. 0.8686 key support level was breached briefly,...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2863; (P) 1.2905; (R1) 1.2982; At this point, USD/CAD is holding above 1.2802 cluster support zone (38.2% retracement of 1.2246 to 1.3124 at 1.2789)....

GBP/USD Daily OutlookDaily Pivots: (S1) 1.4041; (P) 1.4128; (R1) 1.4181; No change in GBP/USD’s outlook. With 1.3982 minor support intact, further rise is expected to retest 1.4345. Break there...

USD/JPY Daily OutlookDaily Pivots: (S1) 104.99; (P) 105.53; (R1) 105.82; USD/JPY dives to as low as 104.63 so far as decline accelerates. Firm break of 105.24 support confirms resumption of decline...

US stocks tumbled sharply in the final hour of trading overnight, taking out key support levels in the wake of the start of US-China trade war. DOW closed sharply lower by -724.42 pts or -2.93% at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.53; (P) 149.15; (R1) 149.75; GBP/JPY’s recovery from 144.97 is still in progress and further rise could be seen. But again, such rise is viewed as a...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8701; (P) 0.8730; (R1) 0.8753; Intraday bias in EUR/GBP remains on the downside as fall from 0.8967 is in progress to retest 0.8686 low. We’d be...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1691; (P) 1.1709; (R1) 1.1731; Intraday bias in EUR/CHF remains neutral for consolidation below 1.1748 temporary top. With 1.1672 minor support intact,...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2835; (P) 1.2955; (R1) 1.3022; USD/CAD’s decline from 1.3124 accelerated to as low as 1.2879 so far and is pressing near term channel support. While...

USD/JPY Daily Outlook Daily Pivots: (S1) 105.73; (P) 106.18; (R1) 106.49; USD/JPY continues to gyrate in range of 105.24/107.67 and outlook is unchanged. Intraday bias remains neutral. With 107.67...

Dollar stays broadly pressured today as post FOMC selloff extends. While Fed delivered the widely anticipated rate hike, it maintained the forecast of a total of three hikes in 2018 only, not four....

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.53; (P) 149.15; (R1) 149.75; No change in GBP/JPY’s outlook. Recovery from 144.97 might extend higher. But still, it’s seen as a corrective...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5888; (P) 1.5964; (R1) 1.6006; EUR/AUD formed a temporary top at 1.6039 and retreated since then. Intraday bias is turned neutral first. But further rally is...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1700; (P) 1.1722; (R1) 1.1752; EUR/CHF retreated deeply after hitting 1.1748 and intraday bias is turned neutral again. Another rise is expected with 1.1672...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3964; (P) 1.4015; (R1) 1.4048; . Intraday bias in GBP/USD stays neutral for consolidation below 1.4087 temporary top. With 1.3888 minor support intact,...