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Key Highlights USD/JPY started a fresh increase above the 142.00 resistance. It cleared a major bearish trend line with resistance at 142.20 on the 4-hour chart. EUR/USD failed to extend gains above the 1.1120 resistance. Bitcoin climbed higher above the $61,200 and $62,000 resistance levels. USD/JPY Technical Analysis The US Dollar found support near the […]

The post USD/JPY Recovery Eyes Momentum: Will Gains Pick Up? appeared first on Action Forex.

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21/03/2024

Fed Review: Not as High, But for Even Longer?

The Fed made no changes to its monetary policy in the March meeting, as widely expected. Updated rate projections still signal three rate cuts this year, but 2025, 2026 and longer-term ‘dots’ we revised slightly higher. While Powell did not specify the timing, he suggested that the Fed is soon looking to slow down the […]
17/07/2024

GBPUSD Hits Fresh 1-Year High

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25/04/2024

Wolf in Sheep’s Clothing: Soft GDP Hides Surging Spending

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