ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.80; (P) 149.30; (R1) 149.78; GBP/JPY weakens mildly today but it's staying in range above 147.95. Intraday bias remains neutral as consolidation could...

The initial response to Jerome Powell's first Congressional Testimony as Fed Chair was muted as his prepared speech provided nothing new. Nonetheless, stocks tumbled while Dollar surged as Powell...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.89; (P) 149.45; (R1) 149.90; Intraday bias in GBP/JPY remains neutral for consolidation above 147.95. With 151.90 resistance intact, deeper decline is...

Risk sentiments are generally positive this week so far. DOW gained 399.28 pts or 1.58% to close at 25709.27 overnight. The rebound from 23360.29 resumed with solid momentum and is set to extend to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.75; (P) 149.13; (R1) 149.63; In the bigger picture, the case for medium term reversal continues to build up on loss of medium term momentum as seen in...

Dollar weakens broadly as another week starts rather quietly. On the other hand, Aussie and Kiwi stage a strong come back. Canadian Dollar doesn't follow as weighed down by concerns over the NAFTA...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.34; (P) 149.16; (R1) 149.78; In the bigger picture, the case for medium term reversal continues to build up on loss of medium term momentum as seen in 4...

Outlook in the forex markets remain basically unchanged. Dollar is trading as the strongest major currency for the week. However, it remains bounded in recent range against others. Current rebound is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.28; (P) 150.10; (R1) 150.79; GBP/JPY's consolidation from 147.95 is still in progress and intraday bias remains neutral. Outlook remains bearish with...

Dollar jumps overnight after hawkish FOMC minutes and remains the strongest one for the week. Nonetheless, the greenback is paring some gains in Asian session. And it's still limited below key near...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.38; (P) 149.87; (R1) 150.69; GBP/JPY's recovery from 147.95 continues today but it's staying below 151.19 resistance. Intraday bias remains neutral and...

Dollar's rebound extends further in Asian session today. Momentum is starting to looking promising. But technically, there is still no confirmation of reversal yet. At the time of writing, EUR/USD is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.89; (P) 149.18; (R1) 149.48; Consolidation from 147.95 temporary low is still in progress and intraday bias in GBP/JPY remains neutral. In case of another...

Dollar trades mildly higher today as risk markets are back on the defensive side. Yen is trading as the weakest one so far even though Nikkei is down -0.9% at the time of writing. Swiss Franc and Kiwi...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.62; (P) 149.28; (R1) 149.80; Intraday bias in GBP/JPY remains neutral for consolidation above 147.95 temporary low. Upside of recovery should be limited by...

Commodity currencies are trading generally higher in Asian session, following the rebound in Asian stocks. Meanwhile, weakness is seen in Dollar, Yen and Swiss Franc. But after all, most pairs are...