ActionForex

Markets are stuck in range as sentiments stabilized in Asian session today. Fed Chairman Bernanke said yesterday that economic recovery in US still lacks sustainable strength. Bernanke remained...

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.88; (P) 132.68; (R1) 133.18;Current development suggests that a short term top is in place in GBP/JPY at 133.48 on bullish convergence condition in 4 hours...

Aussie and Kiwi are both weighed down by economic data in Asian session. The HSBC/Markit manufacturing PMI in China dropped from 49.6 to 48.1 in March, staying in contraction region and was the lowest...

Daily Pivots: (S1) 132.35; (P) 132.67; (R1) 133.08;Intraday bias in GBP/JPY remains on the upside with 131.44 minor support intact and current rally is expected to continue to 140.02 key resistance...

Euro resumes recent rebound against dollar and strengthens against yen after Greece parliament approved the terms of the second international bailout. The EUR 130b rescue loan package contract was...

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.71; (P) 132.18; (R1) 132.93;Intraday bias in GBP/JPY remains on the upside with 131.44 minor support intact and current rally is expected to continue to...

Risk appetite recedes mildly today as China's stock market leads Asian equities lower on growth concern. China's National Development and Reform Commission raised domestic retail energy prices...

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.27; (P) 131.85; (R1) 132.79;Intraday bias in GBP/JPY remains on the upside with 130.11 minor support intact and recent rally is still expected to continue...

Australian dollar is lifted by comments from RBA Governor Glenn Stevens about China. Stevens said that China will grow "pretty strongly on average for a while". He noted that "some slowing" in Chinese...

EUR/JPY rose to as high as 109.99 last week and the break of 109.83 resistance indicates that recent rally from 97.03 has resumed. Initial bias remains on the upside this week and further rally is now...

GBP/JPY rose to as high as 132.43 last week and took out mentioned target of 61.8% retracement of 140.02 to 116.83 at 131.16. There is no sign of topping yet and initial bias will remain on the upside...

The Japanese yen remained the weakest currency last week on risk appetite, rising treasury yield as well as expectation of further BoJ easing. Meanwhile, dollar's fortune seems to be turning as stocks...

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.40; (P) 131.05; (R1) 131.91;With 130.11 minor support intact, further rise is still expected. Sustain trading above 61.8% retracement of 140.02 to 116.83 at...

Dollar seems to be making a short term top against some major currencies on profit taking and is mildly softer today in tight range. US equities extended recent rally with S&P 500 closed above...

GBP/JPY Daily OutlookDaily Pivots: (S1) 130.42; (P) 130.94; (R1) 131.77;GBP/JPY rose to as high as 131.71 so far and met mentioned target of 61.8% retracement of 140.02 to 116.83 at 131.16. Intraday...

EUR/CHF jumped sharply over night and is back trading above 1.21 level as markets are awaiting SNB rate decision. The bank is expected to leave rates unchanged and maintain it's pledge to keep the 1.2...