ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.45; (P) 142.91; (R1) 143.55; GBP/JPY's fall from 147.76 is still in progress for trend line support (now at 141.87). Break there will target 135.58/138.65...

Risk aversion remains the main theme in the markets. Commodity currencies remain the weakest ones while Yen is staying firm. Dollar trades mildly higher but there is no follow through buying yet. RBNZ...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.87; (P) 143.66; (R1) 144.16; GBP/JPY's decline accelerates after breaking 144.01 and reaches as low as 142.51 so far. Intraday bias remains on the downside...

Yen surges broadly together with Swiss Franc as there are renewed focus on the tension between US and North Korea. US President warned overnight that North Korea "best not make any more threats to the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 144.08; (P) 144.40; (R1) 144.62; GBP/JPY is staying in range and intraday bias remains with focus on 144.01 support. Break will turn bias to the downside for...

Dollar trades generally lower today after cautious comments from Fed officials. But New Zealand Dollar is even weaker as markets are preparing themselves for a dovish RBNZ rate statement later in the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.92; (P) 144.57; (R1) 144.92; Intraday bias in GBP/JPY remains neutral with focus on 114.01 support. Break will turn bias to the downside for trend line...

The financial markets are trading in risk-on mode as another week starts, boosted by last week's record run in US equities. In addition to being supported by the set of solid job data, comments from...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.69; (P) 145.24; (R1) 146.11; GBP/JPY drops sharply after hitting 146.77 but it's staying above 144.01 support. Intraday bias remains neutral first. On the...

Focus of the market will turn back to US economic data today. Economists expect non-farm payroll to show 180k growth in the US job markets in July, down from prior month's 222k. Unemployment rate is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.71; (P) 146.23; (R1) 146.94; GBP/JPY's recovery from 144.01 extends today but it's still bounded in range of 144.01/147.76. Intraday bias remains neutral...

Sterling is trading as the second strongest currency for the week so far, next to Euro, as markets await BoE Super Thursday. While monetary is widely expected to be unchanged, the vote split and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.37; (P) 145.76; (R1) 146.13; GBP/JPY rebounds today but it's staying in range of 144.01/147.76. Intraday bias remains neutral for the moment. On the...

Yen falls sharply in Asian session on risk appetite flows. Strong earnings from Japanese companies lifted Nikkei back above 20000 handle as the index is trading up 0.6% at the time of writing. That...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.01; (P) 145.42; (R1) 146.05; Intraday bias in GBP/JPY remains neutral for the moment. On the upside, break of 147.76/148.42 key resistance zone will resume...

Dollar suffered another round of selloff against Euro, Sterling and Yen yesterday as the political drama in White House continued. Australian Dollar jumps earlier today as lifted by better than...