ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 127.36; (P) 127.72; (R1) 128.34The break of 128.20 suggests that rebound from 124.72 is resuming. Intraday bias is back on the upside for 128.82 first. Break...

The dollar turned a bit softer overnight after FOMC left rates unchanged at 0-0.25% as widely expected and offered no surprise to the markets. The Fed maintained it's pledge to keep rates at this...

GBP/JPY Daily OutlookDaily Pivots: (S1) 126.80; (P) 127.49; (R1) 128.04At this point, intraday bias in GBP/JPY remains neutral with focus on 128.20 resistance. Break will suggest that consolidation...

Asian equities reversed initial loss as boosted manufacturing data from China. Improvements in risk sentiments helped lift Aussie, which is additional supported by stronger than expected inflation...

GBP/JPY Daily OutlookDaily Pivots: (S1) 126.63; (P) 127.08; (R1) 127.38GBP/JPY rebounded strongly after drawing support from 4 hours 55 EMA but it's kept below 128.20 resistance. Intraday bias remains...

The Japanese yen remains the weakest currency as recent selloff in the currency pushed USD/JPY through 80 psychological level briefly today. Speculation of additional easing from BoJ, as soon as on...

GBP/JPY Daily OutlookDaily Pivots: (S1) 126.63; (P) 127.08; (R1) 127.38GBP/JPY rebounded strongly after drawing support from 4 hours 55 EMA but it's kept below 128.20 resistance. Intraday bias remains...

The Japanese yen drops sharply today after release of trade balance data. Japan's trade deficit widened sharply to JPY 0.98T in September from JPY 0.46T a month ago. The result was the worst on record...

Financial markets attempted a breakout last week but failed. The Dow jumped to as high as 13588.73 but reversed ahead of 13661.87 resistance and dropped sharply to close the week at 13343.51. The...

GBP/JPY Daily OutlookDaily Pivots: (S1) 126.78; (P) 127.50; (R1) 127.88GBP/JPY rose to 128.20 but lacked follow through buying. The cross then retreated with 4 hours MACD crossed below signal line....

The euro retreats mildly, following mild risk aversion as Google Microsoft earnings triggered some selloff in US equities. EU Economic and Monetary Affairs Commissioner Olli Rehn said that the the...

Commodity currencies jump in Asian session as Chinese GDP data lifted risk sentiments and sent Asian equities higher. Nikkei is up over 145 pts while HK HSI is up over 120 pts at the time of writing....

GBP/JPY Daily OutlookDaily Pivots: (S1) 126.51; (P) 126.91; (R1) 127.49Focus in GBP/JPY remains on 127.79 minor resistance for the moment. Break there will indicate that recent rise from 118.82 is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 126.51; (P) 126.91; (R1) 127.49GBP/JPY's rebound from 124.72 is still in progress but the development doesn't worry rally resumption yet. Intraday bias remains...

Risk markets staged another day of strong rally as boosted by solid earnings from Goldman Sachs 9GS), Johnson & Johnson (JNJ) and others. The Dow closed up 0.95% at 13551.78 and looks set to...

GBP/JPY Daily OutlookDaily Pivots: (S1) 125.62; (P) 125.89; (R1) 126.28GBP/JPY's rebound from 124.72 continues today and reaches as high as 127.06 so far. Overall outlook is unchanged. Price actions...