ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.68; (P) 149.10; (R1) 149.52; Intraday bias GBP/JPY remains mildly on the downside for the moment. As noted before, corrective recovery from 146.92 has...

Yen opens the weak generally lower. USD/JPY's break of 114.49 key resistance could now open up further rally to 118.65 key resistance. But more is needed to confirm underlying bullish momentum. BoJ...

Fed Governor Jerome Powell was finally confirmed as US President Donald Trump's nomination as the one to succeed Janet Yellen as Fed Chair next year. House republicans also released the tax bill...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.73; (P) 151.32; (R1) 151.84; GBP/JPY's choppy recovery from 146.92 resumed by taking out 151.38. Further rise could be seen to 152.82. But firm break there...

Dollar weakens broadly after FOMC rate decision that provides little news to the markets. Instead, traders are keen awaiting US President Donald Trump's announcement on nominating Fed Governor Jerome...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.72; (P) 150.39; (R1) 151.60; GBP/JPY recovers after drawing support from 4 hour 55 EMA. Intraday bias is turned neutral first. Above 151.38 will target...

Dollar trades mildly firmer today as markets await FOMC rate decision. Nonetheless, that would likely be a non-event. Fed is widely expected to stand pat. And, December is the month for rate hike, not...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.00; (P) 149.50; (R1) 149.95; Intraday bias in GBP/JPY remains mildly on the downside for 149.82 support. Break there will resume the correction from 152.82...

The Japanese Yen traders mildly firmer this week and maintains gains after BoJ stands pat and lowers inflation forecast. Risk appetite recedes as traders are preparing for big events like BoE and NFP...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.62; (P) 149.32; (R1) 149.83; Intraday bias in GBP/JPY is mildly on the downside for 149.82 support. Break there will resume the correction from 152.82 and...

The forex markets opened the week rather steadily. Euro recovers mildly as there was no escalation in Catalonia tension. sacked regional president Carles Puigdemont remained calm and called for...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.55; (P) 150.22; (R1) 150.70; At this point, with 149.11 minor support intact, further rise is still mildly in favor in GBP/JPY for 152.82 resistance. Firm...

Dollar surged overnight and remains firm in Asian session today. ECB's dovish tapering is seen as a key factor driving the greenback higher. But more importantly, another step was taken forward as...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.11; (P) 149.60; (R1) 150.06; Intraday bias in GBP/JPY remains on the upside as rebound from 146.92 is in progress for 152.82 high. Firm break there will...

Euro recovers overnight against Dollar and remains generally firm this week. It's just overpowered by Sterling which was shot up by strong Q3 GDP data. ECB policy decision and press conference will be...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.11; (P) 149.60; (R1) 150.06; With 148.13 minor support intact, further rise is mildly in favor in GBP/JPY to 152.82 high. Decisive break there will resume...