ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 155.07; (P) 155.83; (R1) 156.27; Intraday bias in GBP/JPY is neutral for the moment. But after all, the cross is supported well by the rising 55 day EMA. And...

Global stock market rout extends into Asian session today. At the time of writing Japanese Nikkei is down -2.2% and Hong Kong HSI is down -1.6%. The currency markets are relatively mixed, though....

GBP/JPY Daily OutlookDaily Pivots: (S1) 155.12; (P) 155.77; (R1) 156.69; GBP/JPY rises to as high as 156.59 so far. Break of 156.07 indicates larger up trend resumption. Intraday bias is turned back...

Dollar is trading generally higher in early US session as markets await job data from US. But for the week, Dollar is clearly mixed. In particular, the greenback is under some selling pressure against...

GBP/JPY Daily OutlookDaily Pivots: (S1) 153.89; (P) 154.61; (R1) 155.68; Intraday bias in GBP/JPY remains neutral at this point. For the moment, 156.07 is seen as a short term top. Hence, risk...

Dollar remains generally in range after getting some mild support from FOMC statement. While there was sign of building up of downward pressure prior to FOMC, it seems that traders are holding their...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.55; (P) 153.31; (R1) 154.66; GBP/JPY recovered strongly after hitting 151.95 and intraday bias is turned neutral first. But still, as 156.07 is seen as a...

The forex markets remain generally in consolidation mode today. US President Donald Trump's State of Union address provides little inspiration. Nonetheless, the soft tone of Dollar in Asian session...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.77; (P) 153.39; (R1) 153.97; GBP/JPY's fall from 156.07 is still in progress and intraday bias remains on the downside for 150.18 support. As 156.07 is...

Dollar recovered overnight with the help of surging treasury yields. 10 year yield hit as high as 2.725 before paring gains to close at 2.696, up 0.034. That's also the highest level since April 2014....

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.84; (P) 154.34; (R1) 155.26; Intraday bias in GBP/JPY is mildly on the downside. Fall from 156.07 short term top would extend to 150.18 support first....

The forex markets are pretty steady in Asian session today as markets are preparing for an extremely busy week ahead. Dollar is trying to recovery. While the greenback is trading broadly higher, it's...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.04; (P) 155.06; (R1) 155.70; With 153.66 support intact, further rally is expected in GBP/JPY. Next target is 100% projection of 139.29 to 152.82 from...

After being pressured for most of the week, Dollar is trying to stabilize after US President Donald Trump said he wants a strong Dollar. But so far, there is little sign of sustainable rebound yet....

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.49; (P) 155.09; (R1) 156.07; GBP/JPY's rally resumed after brief consolidations. Intraday bias is back on the upside. Current rise should now target 100%...

Dollar stays weak in Asian session as the broad based selloff is extending. Dollar index broke 90 handle for the first time in more than three years after US Treasury Secretary Steven Mnuchin's...