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USDJPY reversed from support level 151.95 Likely to rise to resistance level 155.00 USDJPY currency pair recently reversed up from the powerful support level 151.95 (former major resistance from 2022 and also the yearly high from last year), standing close to the 50% Fibonacci correction of the upward impulse from 2023. The upward reversal from […]

The post USDJPY Wave Analysis appeared first on Action Forex.

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22/08/2024

GBPUSD Wave Analysis

GBPUSD broke key resistance level 1.3040 Likely to reach resistance level 1.3040 GBPUSD currency pair recently broke above the key resistance level 1.3040 (previous monthly high from the middle of July). The breakout of the resistance level 1.3040 accelerated the active short-term impulse wave 3 of the higher order impulse wave (C) from the end […]
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EURUSD Fails to Surpass 1.0900

EURUSD holds above medium-term downtrend line Oscillators indicate bearish structure EURUSD appears to be maintaining a horizontal trajectory in the very short-term, trapped between the 1.0895 resistance level and the 1.0814 support. A paused state of directional momentum is reflected in the technical oscillators. The stochastic posted a bearish crossover within its %K and %D lines in […]
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EURJPY Wave Analysis

EURJPY reversed from resistance level 164.00 Likely to fall to support level 163.85 EURJPY currency pair recently reversed down from the pivotal resistance level 164.00, which has been reversing the price from last month. The resistance level 164.00 was strengthened by the nearby upper daily Bollinger Band, as you can see below. Given the strength […]