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GBPJPY resumes negative momentum, but hopes for a pivot remain Sellers need a close below 185.65 to take full control GBPJPY came under renewed downside pressure after closing Thursday’s session with mild gains around 186.00. The pair shifted from a recent low of 183.70 earlier this week, forming a hammer candlestick and giving hope for a potential […]

The post GBPJPY Makes a Backflip, But Patience Needed appeared first on Action Forex.

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06/12/2023

Bitcoin and Ether Reach New Heights. Where is the Stopping Point?

Market picture The crypto market made another leap forward on Tuesday afternoon after spending less than 24 hours in consolidation mode. In the last day, the total crypto cap reached $1.6 trillion, up 3.9% in a day, 11% in a week and 20% in 30 days. The acceleration in recent days is evident, which may […]
08/06/2024

The Weekly Bottom Line: Labor Market Resilience Highlights Global Policy Rate Divergence

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06/08/2024

EURCHF Wave Analysis

EURCHF reversed from support level 0.9255 Likely to rise to resistance level 0.9370 EURCHF currency pair today reversed up from the powerful support level 0.9255, which stopped the weekly downtrend at the end of 2023. The support level 0.9255 was strengthened by the lower daily and the weekly Bollinger Bands. Given the oversold daily Stochastic […]