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USDJPY fell sharply (down 1% in immediate reaction to US jobs data) after US NFP dipped well below expectations in July (114K vs 176K f/c), while June’s figure was revised down to 179K from initial 206K. Unemployment unexpectedly rose to 4.3% in July from 4.1% June / consensus, while average earnings rose by 0.2% last […]

The post USD/JPY Outlook: Falls Further on Weaker than Expected NFP Numbers appeared first on Action Forex.

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18/12/2023

GBP/USD: Constructive Above Daily Tenkan-sen But Double Top Weighs

Early Monday’s action is holding within a narrow consolidation following Friday’s 0.6% pullback which left a double-top (1.2793/90). Cable remains constructive above daily Tenkan-sen (1.2647) but needs to clearly break above cracked Fibo barrier at 1.2719 (61.8% of 1.3141/1.2037) to bring bulls fully in play for fresh push towards targets at 1.2800/37 (round-figure / 200WMA). […]
05/01/2024

USDCAD Marks Bullish Wave in Short-Term

USDCAD meets 20-day SMA Technical signals mixed; downtrend well intact USDCAD has been rising since the end of 2023 after the bounce off the 1.3175 support level and is currently reaching the short-term 20-day simple moving average (SMA) near 1.3373, but is still developing beneath the descending trend line. The MACD and the RSI are […]
03/05/2024

USD/JPY Calm Ahead of US Nonfarm Payrolls

The Japanese yen has extended its gains on Friday. USD/JPY is trading at 153.26, down 0.27% at the time of writing. It has been a week to remember as the yen has soared 3.2% against the dollar. The yen fell below the 160 level earlier in the week, setting another 34-year record. However, the Japan’s […]