Logo-color Logo-white

GBPJPY pulls back from its 16-year peak of 208.10 The pair falls to its lowest level since May 16 RSI and MACD warn of an overstretched retreat GBPJPY has been in a prolonged uptrend since early 2024, posting a 16-year high of 208.10 on July 11. However, the pair has been undergoing a pullback since then, with the […]

The post GBPJPY Extends Decline to a Fresh 2-month Low appeared first on Action Forex.

previous

Rotation Continues, But Europe Doesn’t Benefit

next

USD/JPY Remains Volatile, US PCE Price Index Next

Read More

02/01/2024

USD/JPY Technical: Potential Countertrend USD Corrective Rebound on the Horizon

The medium-term downtrend phase of USD/JPY in place since the 15 November 2023 high has reached a potential inflection level at 140.25. A potential countertrend corrective rebound scenario may unfold next. Watch the first immediate resistance zone at 142.85/143.40. The price actions of USD/JPY have plummeted lower as highlighted in our prior report despite the […]
15/02/2024

US Stock Market Bulls Facing a Reality Check (3 Ominous Signs to Watch)

Goods-based inflationary pressures in the US may resurface in H2 2024 due to leading bullish momentum built-up in commodities. Persistent low correlation readings among S&P 500 constituents may trigger a spike in the VIX. The leading Nasdaq 100 has displayed bearish reversal elements. The US stock market continued to hit another milestone last week when […]
24/05/2024

Is the Pause in NGAS a Warning Signal?

Natural gas faces limits near January’s peak Technical signals flag some weakness Improved trend signals suggest bullish continuation Lower-than-usual storage increases, improved demand forecasts, and a summer season ahead boosted natural gas prices above the key 200-day simple moving average (SMA) and more recently to a four-month high of 2.90. The price, however, eased immediately to […]