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Key Highlights USD/JPY extended losses below the 157.50 support zone. A key bearish trend line is forming with resistance at 157.80 on the 4-hour chart. EUR/USD rallied and tested the 1.0950 resistance zone. Bitcoin could aim for more upsides if it clears the $66,000 resistance zone. USD/JPY Technical Analysis The US Dollar remained in a […]

The post USD/JPY Turns Red, Can It Start Recovery Wave? appeared first on Action Forex.

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26/06/2024

Alarm Bells in USD/JPY (159.80) Keep Ringing

Markets Washington-based Fed governor Cook in a speech for the Economic Club of NY joined SF Fed Daly (voter) in warning that the US labour market could change very quickly and that official stand ready to respond. She also referred to the fact that payrolls job gains were overstated last year and may continue to […]
23/04/2024

Bitcoin Awaits Signal from Equity Indices

Market picture The capitalisation of the crypto market over the past 24 hours has added only 0.15% to $2.44 trillion. Crypto sentiment indices remain in the ‘greed’ territory, scoring 71 points, compared to 73 points the day before. Bitcoin added about a quarter of a percent during the day, reaching $66.5K. Early on Tuesday morning, […]
12/01/2024

US and UK Launch Airstrikes on Yemen’s Houthis

In focus today Following the airstrike launched by the US and UK against Houthi rebel target in Yemen overnight (see more below), geopolitics will be on top of the agenda. Today, in the UK, we get the monthly GDP estimate for November. It will be interesting to see whether it mirrors the positive momentum indicated […]