ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 144.92; (P) 145.40; (R1) 145.79;The correction from 147.97 is possibly still in progress and below 142.76 will bring another fall to 55 days EMA (now at...

The FX markets are currently quite mixed. There was no follow through JPY selling since earlier selloff this week, and major yen crosses are bounded in consolidation range. The euro is also sitting in...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.28; (P) 144.45; (R1) 146.15;Intraday bias in GBP/JPY remains neutral for the moment and consolidation from 147.97 might extends further. Below 142.76 will...

The Japanese yen weakened broadly in the Asian session today, as Japan escaped direct criticism from G20 on the recent policies that drove the sharp currency depreciation. Japan received no censure...

The so-called "currency war" sparked a great deal of volatility in the Japanese yen last week, and concerns surfaced that the expansive policies which drove down the the currency would be criticized...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.16; (P) 144.27; (R1) 144.97;The pull back from 147.97 is still in progress and intraday bias remains on the downside for 55 days EMA (now at 140.48) and...

Yen recovers today as traders continue to pare short positions ahead of G20 meeting. There were much confusing messages from world leaders regarding the issue of recent depreciation in yen and it's...

GBP/JPY Daily OutlookDaily Pivots: (S1) 144.57; (P) 145.58; (R1) 146.20;The break of 144.56 minor support suggests that correction from 147.97 is going to go deeper. Intraday bias is mildly on the...

The Japanese yen remains steady in range against dollar and euro in the Asian session today. BoJ left rates unchanged at 0-0.1% on a unanimous vote as was widely expected. The stimulus programs were...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.18; (P) 146.47; (R1) 147.67;GBP/JPY is still tight range below 147.97, and the intraday bias remains neutral for the moment. On the upside, above 147.97...

Markets were clearly confused by G7's messages regarding Japanese yen. Yen initially dipped yesterday as the official statement released from G7 seemed to be general without targeting recent...

GBP/JPY Daily OutlookDaily Pivots: (S1) 146.37; (P) 147.14; (R1) 148.44;Intraday bias in GBP/JPY remains neutral for the moment and some more consolidative trading could be seen. Above 147.97 would...

The Japanese yen weakened broadly and dropped to fresh low against dollar after a US official expressed support for Japan's anti-deflation policy. Lael Brainard, the Treasury Undersecretary for...

GBP/JPY Daily OutlookDaily Pivots: (S1) 145.20; (P) 146.24; (R1) 147.44;Intraday bias in GBP/JPY remains neutral for the moment. A short term top is possibly in place at 147.97 and a break of 144.86...

Euro stays soft as last week's correction continues and is weighed down mildly by the political situation in Italy. With just two weeks before the national election on February 24-25, former prime...

Markets Turned into Consolidation Mode, Euro Topped, Yen Bottomed in Near TermMarkets turned into corrective mode last week and pared back some of the powerful moves made back in January. Comments...