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USDJPY fell to the lowest levels since July 2023 in early Monday trading as fresh acceleration lower broke pivotal supports at 140.77 (weekly cloud base) and 140.48/25 (Fibo 61.8% of 127.22/161.95 rally / Dec 28 low) and moved below psychological 140 support. The dollar remains under pressure on firm expectations for Fed rate cut this […]

The post USD/JPY Falls to the Lowest in Over One Year After Violation of Key Supports appeared first on Action Forex.

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22/12/2023

Natural Gas Wave Analysis

Natural gas reversed from long-term support level 2.215 Likely to rise to resistance level 3.0000 Natural gas recently reversed up from the major long-term support level 2.215 (which has been reversing the price from the start of 2021) intersecting lower weekly Bollinger Band. The upward reversal from the support level 2.215 stopped the previous intermediate […]
20/05/2024

USD/JPY: Conflicting Factors at Play, Sideways for Now in the Short-Term

The Japanese Government Bond (JGB) market is now anticipating a potential Q2 recovery in the Japanese economy as the 2-year and 10-year JGB yields have rallied to more than a decade high. The 10-year and 20-year yield premiums of US Treasuries over JGBs have shrunk in the past two weeks which in turn supports a […]
01/08/2024

GBP/USD Under Pressure as Market Anticipates Bank of England Rate Decision

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