ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.62; (P) 139.28; (R1) 140.42; The GBP/JPY pair has recovered mildly, but with 142.76 minor resistance intact, correction from 147.97 is still in progress....

Sentiments were mildly hurt by the rejection of partisan proposals in the US Senate to replay the spending cuts which set to start today. The spending reductions would be up to USD 85b the rest of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 137.76; (P) 139.17; (R1) 140.51;Intraday bias in GBP/JPY remains on the downside as the corrective fall from 147.97 continues. Deeper decline would be seen to...

Risk sentiments were boosted strongly by the solid Italian bond auctions yesterday, which showed that investors confidence were still present in spite of the inconclusive election. The DOW jumped 175...

GBP/JPY Daily OutlookDaily Pivots: (S1) 137.76; (P) 139.17; (R1) 140.51;Intraday bias in GBP/JPY remains on the downside as the corrective fall from 147.97 continues. Deeper decline would be seen to...

Euro continues to stay soft in tight range as it stabilized from the steep selloff earlier this week. Markets are clearly concerned about the possibility of prolonged political uncertainties in Italy...

GBP/JPY Daily OutlookDaily Pivots: (S1) 137.12; (P) 139.95; (R1) 142.05;GBP/JPY drops to as low as 137.87 and broke mentioned 139.25 (38.2% retracement of 125.67 to 147.97 at 139.45). There is no sign...

Concerns over results of Italy's election triggered massive risk selloff overnight which in turn send euro sharply lower, yen sharply higher. Exit polls showed that former Italian prime minister...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.07; (P) 142.06; (R1) 142.59;With 145.89 minor resistance intact, the corrective fall from 147.97 should extend lower. But downside should be contained by...

Sterling opened the week sharply lower in reaction to last week's downgrade by Moody's. Meanwhile, Yen also dived on talk of BoJ head nomination. Aussie was weighed down by weaker than expected...

While dollar was boosted by the FOMC minutes last week, most major currencies are having their own problem. Sterling was the weakest one as pressured by the dovish BoE minutes as well as persistent...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.24; (P) 142.10; (R1) 142.86; Intraday bias in GBP/JPY remains on the downside and correction from 147.97 could extend lower to 55 days EMA (now at 140.92)...

Aussie is boosted by comments from RBA governor Stevens that the central has likely paused the rate cut cycle. Stevens said in his testimony to a parliamentary committee that last year's cuts were...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.75; (P) 143.24; (R1) 143.99;GBP/JPY drops further to as low as 141.33 as correction from 147.97 extends. Intraday bias is mildly on the downside for 55 days...

Financial markets were rocked by FOMC minutes overnight as that triggered speculation that Fed could tune, or stop the open-ended QE3 sooner than expected. DOW dropped -108 pts to close below 14000...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.68; (P) 144.52; (R1) 145.17; No change in GBP/JPY's outlook as correction from 147.97 is still in progress. Below 142.76 will bring another fall to 55 days...