Forex Opinion & Analysis

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.81; (P) 158.24; (R1) 158.48;Intraday bias in the GBP/JPY remains on the upside as rebound from 154.72 continues. Further rally could be seen to 159.98 and...

EUR/USD accelerated to the upside in the last few weeks and touched 1.3700 few days back which means that pair is trading extremely close to January high so it seems that rally from 2012 low is still...

THIS WEEKSo bit of an odd week this week with NFP now on Tuesday, which could put us in a rather odd month end situation.Following the resolution in the US we have seen the US dollar push further...

EUR/GBP capped by the 32.8% fib level and has drifted lower. We can see further weakness this session with 8434 looking to entice. Initially cover all shorts to here - re-sell then on a break of 8425....

Flagged GBP/USD surges through 1.6120, aims through 1.6255 for 1.6382Despite a cautious tone on an approach to the 1.6255 Sept peak, the Thursday surge higher signalled a constructive bias within a...

EUR/JPY is maintaining strength and we are looking at this pair trading higher to recent highs of 134.21. Here we would suggest you cover all longs and attempt shorts looking for a short term double...

US Dollar drops on Debt Ceiling Agreement - Government Jobs Report to come on TuesdayThe US dollar was on the defensive across the board last week against the other major currencies in forex market...

AUD/USD has double topped at 9680. Our technical indicators however are still positive, but chart patterns take precedence and although it is difficult to sell into strength sometimes you have to when...

Friday’s forecast was a bit here and there some pairs behaved as we had thought and others went into a range, the USD/CAD, AUD/USD and EUR/JPY behaved very close to what we had thought possible....

GBP/USD beat 1.6170/80 but only as far as 1.6225. We have therefore retested the 2 and a half tier trend line again and held below. Immediate support is 1.6146/40 so below here today turns the outlook...

GBP/USD for Monday, October 21, 2013In the last couple of days of last week the GBP/USD surged higher from the key level at 1.60 to move back to close to 1.6250 before easing back. To start this week...

AUD/USD for Monday, October 21, 2013In the few days to close out last week the AUD/USD surged higher to set another four month high near 0.9680 before just easing away a little and consolidating in...