ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 120.50; (P) 120.86; (R1) 121.45;Intraday bias in GBP/JPY is mildly on the upside for further rise to 122.04 resistance. Break will resume rebound from 117.29...

Euro is mildly lower as the week starts as focus turned from economic data back to the situation in Greece. A pressing concern is the agreement on the Troika's terms for austerity. Greek coalition...

GBP/JPY Daily OutlookDaily Pivots: (S1) 120.19; (P) 120.47; (R1) 120.73;Intraday bias in GBP/JPY remains neutral. But again, rebound from 117.29 is still in favor to continue with 119.19 minor support...

Markets are trading in tight range as traders await the employment data from US today. Economist expect the data to show 150k job growth in January, down from December's 200k. Unemployment rate is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 119.83; (P) 120.41; (R1) 121.23;GBP/JPY's pull back from 122.04 was contained at 119.58 and recovered. More sideway trading might be seen. But again, rebound...

Dollar remains generally soft in Asia today but overnight's selloff halted as risk takers are starting to get cautious ahead of tomorrow's job market data from US. There has been rumors about an...

GBP/JPY Daily OutlookDaily Pivots: (S1) 119.75; (P) 120.19; (R1) 120.61; MoreMore consolidations could be seen below 122.04 temporary low. But again, rebound from 117.29 is still in favor to continue...

Risk markets attempted to rebound earlier today on China manufacturing data but failed to sustain gain so far. Nikkei closed nearly flat after initial rise to 8830 intraday high. Dollar index is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 119.41; (P) 120.07; (R1) 120.55; MoreIntraday bias in GBP/JPY remains neutral. As noted before, rebound from 117.29 is still in favor to continue with 119.19...

Dollar is back under some pressure as risk markets recovered from Monday's selloff. DOW staged an impressive rebound from intraday low of 12529 to close at 12653, just down -0.05%. Asian indices are...

GBP/JPY Daily OutlookDaily Pivots: (S1) 119.86; (P) 120.73; (R1) 121.44;Intraday bias in GBP/JPY remains neutral for the moment but another rise is still mildly in favor with 119.19 minor support...

Risk appetite retreats mildly as the week starts in response to Fitch's downgrade of some Eurozone countries and as traders await the first EU summit in 2012 in Brussels. EU leaders are expected to...

GBP/JPY Daily Outlook Daily Pivots: (S1) 121.24; (P) 121.56; (R1) 121.81;The break of 121.04 minor support indicates that a temporary top is in place at 122.04 and intraday bias is turned neutral....

Euro pares some gains ahead of weekend as Greece and private sectors are still struggling to conclude a plan for the debt swap arrangement. IIF Chief Dallara said there was "some progress" after a...

GBP/JPY Daily OutlookDaily Pivots: (S1) 121.28; (P) 121.66; (R1) 122.13; MoreEven though, GBP/JPY loses some upside momentum, intraday bias remains on the upside with 121.04 minor support intact and...

Dollar's post FOMC decline extends further in Asia today with EUR/USD trading firm above 1.31 level. DOW managed to ride on Fed's intention to keep rates low until late 2014 and staged a strong...