Daily Pivots: (S1) 180.84; (P) 182.03; (R1) 182.96; More… No change in GBP/JPY’s outlook as intraday bias stays mildly on the downside. Fall from 183.99 short term top would target 179.90 support. Firm break there will target 55 D EMA (now at 176.39). On the upside, break of 183.99 will resume larger up trend. In […]
The post GBP/JPY Daily Outlook appeared first on Action Forex.
In focus today In the euro area, focus turns to inflation data for Germany and Spain which we receive ahead of the euro area data tomorrow. We expect euro area headline inflation to rise to Read more…
Appetite on Wednesday was limited on both sides of the Atlantic Ocean. In the US, the crowded economic data came in mostly in line with expectations, confirming that the US economy grew 2.8% in Q3 Read more…
Daily Pivots: (S1) 1.0428; (P) 1.0486; (R1) 1.0548; More… Intraday bias in EUR/USD remains neutral and further decline is expected with 1.0609 resistance intact. On the downside, break of 1.0330 will resume the fall from Read more…