Logo-color Logo-white

USDJPY edges lower after hitting levels just ticks away from 160 barrier, which many see as a trigger for intervention, as Japan’s authorities intervened at the end of April when the pair cracked 160 barrier. Monday’s trading was closed in red for the first time in eight days, although long tail of daily candle suggests […]

The post USD/JPY: Bulls Gesitate on Approach to 160.00 Barrier, Potential Intervention Trigger appeared first on Action Forex.

previous

CADJPY Aims for April’s Multi-Year High

next

Canadian Dollar Eyes Inflation Release

Read More

12/09/2024

AUDUSD Remains Above 200-day SMA

AUDUSD battles with 50-day SMA Stochastics point north but RSI flattens AUDUSD had a bullish start on Thursday, with the price flirting with the 50-day simple moving average (SMA) at 0.6670. Momentum signals are neutral-to-bullish, with the RSI appearing to be heading south, while the stochastic oscillator has reversed higher after the bullish crossover within its %K […]
05/03/2024

US 500 Battles With 123.6% Fibonacci

US 500 cash index extends its series of record highs Tests 123.6% Fibonacci extension of its 2022 downtrend Oscillators look overbought, increasing risk of a pullback The US 500 stock index (cash) has been staging an impressive rally since it bottomed out in October 2023, generating consecutive all-time highs. Given that the price is trading into uncharted waters, the Fibonacci extensions […]
03/07/2024

Crypto Stays Under Pressure

Market picture The pressure on the crypto has been more sustained than on the stocks. Over the past 24 hours, the total crypto cap has fallen by 2.6%, with most of the downward momentum starting in the US session. The stock market, on the other hand, was supported by Powell’s comments and closed at all-time […]