ActionForex

Markets sentiments were given a strong boost as the US appears to be breaking the tax reform deadlock. DOW closed up 196.14 points or 0.90%. S&P 500 also rose 24.14 points or 0.00% to close at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.14; (P) 140.49; (R1) 140.89; With 143.18 minor resistance intact, fall from 147.76 is still progress for 138.65 support first. Break there will extend the...

The forex markets are lacking clear direction so far this week. It feels there is a lack of interest among traders ahead of Jackson Hole symposium. Euro attempted to resume recent rally against...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.87; (P) 140.47; (R1) 141.17; Intraday bias in GBP/JPY remains on the downside as fall from 147.76 is still in progress for 138.65 support first. Break there...

The financial markets started the week relatively quietly. US and South Korea have kicked off the join annual military exercise today. North Korea warned that the drills would worsen the tensions by...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.51; (P) 141.28; (R1) 141.73; GBP/JPY's decline resumed by taking out 141.24 and reaches as low as 140.60 so far. Intraday bias is back on the downside....

The Japanese Yen takes the driving seat on risk aversion again. The global financial markets are rocked by the deadly terrorist attack in Barcelona and extended turmoil in the US White House. DOW...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.47; (P) 142.28; (R1) 142.85; Intraday bias in GBP/JPY remains neutral for the moment as it's bounded in consolidation above 141.24 temporary low. With...

Dollar was sold off overnight as FOMC minutes showed worries of members over inflation. Political drama in the White House also added some weight to the greenback. Notable strength is seen in the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.84; (P) 142.52; (R1) 143.07; Intraday bias in GBP/JPY remains neutral for the moment. With 144.01 support turned resistance intact, near term outlook stays...

Dollar pares back some gains today but remains the strongest one for the week. FOMC minutes will be a main focus for the day which could decide whether the greenback can extend its rebound. So far,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.66; (P) 142.19; (R1) 142.68; GBP/JPY recovers further today but stays below 144.01 support turned resistance. Intraday bias remains neutral with bearish...

Dollar trades notably higher against Japanese Yen and Swiss Franc as comments from a top Fed official revived the speculation of one more hike this year. On the background, risk aversion also receded...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.49; (P) 141.78; (R1) 142.31 Intraday bias in GBP/JPY remains neutral for consolidation above 141.24 temporary low. Near term outlook stays bearish as long...

Dollar recovers broadly today as the markets are calmed down from the concerns over US-North Korea tensions. Meanwhile, Yen and Swiss Franc also soften mildly as a result. There was no further drastic...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.12; (P) 142.22; (R1) 142.82; GBP/JPY reaches as low as 141.37 so far as decline from 147.76 continues. Intraday bias stays on the downside for deeper fall....