ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 121.32; (P) 122.16; (R1) 123.49;GBP/JPY rebounded strongly from 120.82 but it's kept inside near term falling channel as well as below 123.79 resistance. Fall...

The ECB Draghi triggered risk rally overnight was impressive. DOW jumped 211 pts to close at 12887.93 and is back near to top of recent range. Asian equities followed with Nikkei up 123 pts and HK HSI...

GBP/JPY Daily OutlookDaily Pivots: (S1) 120.76; (P) 121.22; (R1) 121.54;Downside momentum in GBP/JPY is a bit unconvincing for the moment. Nonetheless, it's kept below 121.82 minor resistance and...

Risk markets are mildly higher in Asian session, trying to recover from this week's sharp losses, but momentum is so far weak. There were talks that the dismal home sales data released from US...

GBP/JPY Daily OutlookDaily Pivots: (S1) 120.88; (P) 121.29; (R1) 121.62With 121.82 minor resistance intact, Intraday bias in GBP/JPY remains on the downside for the moment. As noted before, rebound...

Situations in Spain and Greece continued to weigh on Euro while overall sentiments in the market remained weak in Asian session. The Spanish 10-year yield jumped to as high as 7.636% yesterday and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 120.93; (P) 121.74; (R1) 122.36With 121.82 minor resistance intact, intraday bias in GBP/JPY remains on the downside for the moment. As noted before, rebound...

Euro stabilized from yesterday's sell-off after Spain and Italy banned short selling of stocks. Overall sentiments also recovered mildly after China manufacturing data showed mild improvement....

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.13; (P) 122.96; (R1) 123.44GBP/JPY drops sharply to as low as 121.48 so far today and the strong break of 122.03 minor support indicates that fall from...

Risk aversion dominated the market, following the moves on late Friday as concerns in Spain persisted and worries on Greece resurfaced. Asian equities are broadly lower with the Nikkei down -116 pts...

Euro remained broadly pressured last week and fresh selling was seen towards the end on renewed concerns in Spain. Spanish 10-year yields closed above 7.2% and were a clear reflection on markets' lack...

While the risk rally is losing some steam ahead of the weekend, the Aussie and Canadian dollars continue to be broadly firm. In particular, notable strength was seen against the euro and EUR/AUD and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 123.08; (P) 123.38; (R1) 123.83Intraday bias in GBP/JPY remains neutral with focus on 124.04 minor resistance. A break there will argue that rebound from 118.82...

The aussie and, to a lesser extent, Canadian dollar jumped overnight and remains firm in Asia on strong risk appetite. US equities were led higher by technology stocks as Intel earnings beat...

GBP/JPY Daily OutlookDaily Pivots: (S1) 122.98; (P) 123.44; (R1) 123.78Intraday bias in GBP/JPY remains neutral with focus on 124.04 minor resistance. A break there will argue that a rebound from...

GBP/JPY Daily OutlookDaily Pivots: (S1) 123.19; (P) 123.53; (R1) 124.09Intraday bias in GBP/JPY remains neutral with focus on 124.04 minor resistance. Break there will argue that rebound from 118.82...