ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.73; (P) 147.03; (R1) 148.98; More GBP/JPY's rise continues today and breach of 148.42 resistance argues that whole medium term rebound from 122.36 is...

North Korean launched another missile test before the weekend. Even though it proves its capability of reaching Guam, market reactions are very muted this time. Japanese yen Yen and Swiss Franc remain...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.49; (P) 146.08; (R1) 146.51; With 143.52 minor support intact, intraday bias in GBP/JPY remains on the upside for 147.76/148.42 resistance zone. Decisive...

Dollar rebounded strongly overnight on news that the so called Big Six Republicans are finally going to release the framework of tax reforms in the week of September 25. Also, there is some optimism...

GBP/JPY Daily OutlookDaily Pivots: (S1) 144.62; (P) 145.57; (R1) 147.27; More GBP/JPY's rise from 139.29 is still in progress and intraday bias remains on the upside for 147.76/148.42 resistance zone....

Risk appetite remains strong in the markets. And the provocative response from North Korea on fresh sanctions is largely ignored. S&P 500 closed up 8.37 pts, or 0.34%, at 2496.48 overnight, making...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.90; (P) 143.53; (R1) 144.60; Intraday bias in GBP/JPY remains on the upside for as rebound from 139.29 continues. As noted before, fall from 147.76 has...

Risk appetite staged a strong strong return as DOW closed up 259.58 pts, or 1.19%, to close at 22057.37 overnight. S&P 500 also gained 26.68 pts, or 1.08%, to 2488.11, a record close. 10 year...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.52; (P) 142.03; (R1) 142.73; GBP/JPY's rebound from 139.29 resumed today by breaking 142.98. Focus is now back on 143.18 resistance. Decisive break there...

Dollar recovers broadly today as the weekend passed without any geopolitical events. But the greenback is slightly out-performed by Canadian Dollar. Meanwhile, Swiss Franc and Yen trade broadly...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.48; (P) 142.08; (R1) 142.68; Intraday bias in GBP/JPY remains neutral for the moment. On the downside, below 141.17 will target 139.29 support first. Break...

Fresh selling is seen in Dollar as most of the event risks for the week are past. Weakness in Dollar is also accompanied by falling treasury yield, with 10 year yield closed down -0.047 at 2.061....

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.65; (P) 142.16; (R1) 142.98; More GBP/JPY recovers after drawing support from 4 hour 55 EMA. Intraday bias is turned neutral first. On the downside, below...

Euro recovers mildly in Asian session today but stays in red for the week except versus Dollar. Markets are cautiously awaiting the highly anticipated ECB policy decision and press conference. There...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.38; (P) 141.93; (R1) 142.38; Intraday bias in GBP/JPY remains mildly on the downside for 139.29 support. Break will extend the fall from 147.76 and target...

Dollar is trading as the weakest major currency for the week. Dovish comments from Fed officials are weighing on the greenback. Also stocks and yield played catch up after holding and suffered notable...