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EURGBP broke the support area Likely to fall to support level 0.8300 EURGBP currency pair recently broke the support area located between the key support level 0.8400 (which has been reversing the price from June) and the support trendline of the wide daily down channel from April. The breakout of this support area accelerated the […]

The post EURGBP Wave Analysis appeared first on Action Forex.

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09/09/2024

USDJPY Pauses, But This is Temporary

The USDJPY pair halted its decline around 142.98 on Monday. However, this pause in the yen’s rally should not be misleading, as it comes amid uncertainty surrounding the extent of the anticipated monetary policy easing by the US Federal Reserve. The latest US employment report provided little information for adjusting forecasts of the Fed’s interest […]
23/08/2024

Yen Edges Higher on BoJ’s Ueda Hawkish Remarks

The Japanese yen is in positive territory on Friday. In the European session, USD/JPY is trading at 146.06, down 0.14% on the day. The yen has looked sharp this week, gaining 1% against the struggling US dollar. Japan’s Core CPI rises to 2.7% Japan’s core CPI rose 2.7% in July, up for 2.6% in June […]
15/05/2024

April CPI: It’s a Start

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