ActionForex

Trading activities in the forex markets are rather subdued today. Dollar weakens mildly as traders are staying cautious ahead of FOMC rate decision later on Wednesday. Sterling is also soft as markets...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.11; (P) 152.26; (R1) 152.89; Intraday bias in GBP/JPY remains neutral for consolidation below 153.39 temporary top. Further rally is expected as long as...

The forex markets opened the week relatively quietly. Yen is the notably weaker one, extending last week's selloff. Sterling is trading mildly firmer but there is no clear strength. Similarly, Euro...

GBP/JPY Daily OutlookBreak of 152.93 suggests recent rally in GBP/JPY has resumed. Intraday bias is back on the upside. Recent medium term rise would now target 61.8% projection of 139.29 to 152.82...

Dollar remains generally strong today, but it's over powered by Sterling. The Pound is lifted by optimism that Brexit negotiation is finally close to completing the first phase. It's reported that the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.62; (P) 151.21; (R1) 151.91; Intraday bias in GBP/JPY remains neutral at this point. As long as 146.96 support holds, near term outlook remains bullish....

Dollar is trading broadly higher today as its shrugged off negative news. US President Donald Trump announced to recognize Jerusalem as Israel's capital could unsettle the region and triggered a dip...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.62; (P) 151.21; (R1) 151.91; GBP/JPY failed to sustain above 152.82 resistance and formed a temporary top at 152.93 and retreated. Intraday bias stays...

The direction in the forex markets isn't too clear for the moment. Dollar firmed up mildly overnight and is maintaining broad based gains over the week. But there is clearly no follow through momentum...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.23; (P) 151.35; (R1) 152.16; GBP/JPY lost upside momentum after breaching 152.82 resistance. But with 150.57 minor support intact, further rise is in...

Sterling reversed earlier gains and weakened broadly overnight after the meeting between UK Prime Minister Theresa May and European Commission President Jean Claude Juncker failed deliver agreements...

Dollar opens the week generally higher as boosted by news that Senate has finally passed their tax bill. But strength is relatively limited firstly on concern that Russian probe is getting closer to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.23; (P) 151.35; (R1) 152.16; Intraday bias in GBP/JPY remains neutral at this point. We're favoring the case that consolidation from 152.82 has completed...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.64; (P) 151.52; (R1) 153.09; GBP/JPY's rally continues and the break of 151.92 resistance should confirm that medium term rally is resuming. Intraday bias...

US stocks were once again boosted by optimism on Senate passing the tax bill. DOW gained 331.67 pts or 1.39% to close at 24272.35. S&P 500 rose 21.51 pts or 0.82% to end at 2647.58. Both were at...

Sterling and Dollar remain the two strongest currencies for the week. The greenback was supported by better than expected GDP data overnight, as well as Fed Chair Janet Yellen's upbeat comments....