Logo-color Logo-white

GBPJPY stands beneath 200-day SMA Momentum oscillators look neutral-to-bearish GBPJPY has been in a considerably descending movement, losing around 3% after it topped at 193.50. The market is currently testing the 188.00 round number with the technical oscillator confirming strong bearish tendency in the short-to-medium-term view. The stochastic plunged into the oversold territory with strong […]

The post GBPJPY Continues Selling Interest Below 190.00 appeared first on Action Forex.

previous

Elliott Wave View on Light Crude Oil (CL) Favoring More Downside

next

EUR/USD Eyes Fresh Increase, USD/JPY Trims Gains

Read More

19/09/2024

Crypto Market Climbs Out of the Pit

Market Picture The crypto market rallied solidly by 3% to $2.15 trillion, gaining further momentum after the Fed’s decisive rate cut. Increased risk appetite in the markets after the Fed’s decision helped cryptocurrencies hit highs over the past three weeks. The crypto market has been moving within a downward corridor since mid-March, and only a […]
29/05/2024

GBP/USD: Possible Price Adjustment Before Final Break Through 1.2800 zone

Cable firmed in early Wednesday’s trading after hitting nine-week high on Tuesday (1.2800), but subsequently pulling back on unexpectedly strong rise in US consumer confidence in May, which temporarily inflated dollar. Broken Fibo barrier at 1.2753 (76.4% of 1.2893/1.2299) reverted to solid support (reinforced by 5DMA, which so far holds dips, however risk of deeper […]
11/07/2024

GBP/USD: Stronger than Expected UK GDP Numbers Lift Cable to Four-Month High

Cable hit new four-month high in European trading on Thursday, lifted by better than expected UK May GDP numbers, which poured cold water on expectations for BoE rate cut next month. Fresh strength broke through pivotal barriers at 1.2846/60 (200WMA/former top June 12) and pressuring key barrier at 1.2893 (2024 high, posted on March 8). […]