ActionForex

Markets remain in full risk on mode this week. DJIA gained 232.23 pts or 1.12% to close at 20996.12 overnight. S&P 500 also rose 14.46 pts or 0.61% to close at 2388.61. Both indices took out...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.72; (P) 140.88; (R1) 141.58; With 139.19 minor support intact, intraday bias in GBP/JPY remains on the upside for 144.77 resistance. Consolidation pattern...

The global financial markets were blessed by centrist Emmanuel Macron's win in the first round of French presidential election. CAC 40 gained 4.14% yesterday to close at 9 year high at 5268.85. DAX...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.17; (P) 139.66; (R1) 140.13; GBP/JPY rises to as high as 141.88 so far today. The strong break of 140.08 resistance should affirm our bullish view. That...

Euro soars across the broad today as markets are happy with the results of the first round of French presidential election. With 97% of the vote counted, centrist Emmanuel Macron and far-right Marine...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.21; (P) 139.77; (R1) 140.59; With 138.30 minor support intact, further rise is still expected in GBP/JPY. Current developments argues that consolidation...

Euro dropped notably against Dollar overnight after news of terrorist attack in Paris, just ahead of presidential election this Sunday. A shooting occurred on the famous Champs-Elysees shopping...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.61; (P) 139.40; (R1) 139.88; Intraday bias in GBP/JPY remains on the upside with cautiously bullish outlook. Current developments argues that consolidation...

Markets continue to trade generally calmly for the moment. US equities turned mixed overnight with DJIA losing another -118.79 pts or -0.58% to close at 20404.49. S&P 500 dropped -4.02 pts or...

GBP/JPY Daily OutlookDaily Pivots: (S1) 136.92; (P) 138.46; (R1) 140.80; GBP/JPY rises to as high as 140.01 so far, just inch below 140.08 near term resistance. Current developments argues that...

Markets are generally trading in risk averse mode after UK Prime Minister Theresa May's surprised call for snap election. That also adds to the backdrop of geopolitical tensions in North Korea and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 136.36; (P) 136.84; (R1) 137.16; A temporary low is formed at 135.58, ahead of medium term fibonacci level at 135.39. Intraday bias in GBP/JPY is turned...

Dollar and US equities came back from holiday stronger. The markets are looking through the geopolitical uncertainties in North Korea. Instead, they listened to comments from US Treasury Secretary...

GBP/JPY Daily OutlookDaily Pivots: (S1) 136.36; (P) 136.84; (R1) 137.16; With 138.25 minor resistance intact, choppy decline from 144.77 is expected to extend lower. Nonetheless, price actions from...

US Dollar tumbled broadly and is now trading as the weakest major currency after US President Donald Trump talked down the exchange rate. The Dollar index reaches as low as 100.01 so far. It's still...

GBP/JPY Daily OutlookDaily Pivots: (S1) 136.58; (P) 137.15; (R1) 137.48; . Intraday bias in GBP/JPY remains on the downside as choppy fall from 144.77 continues. The cross should target medium term...