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GBPUSD reversed from support level 1.2840 Likely to rise to resistance level 1.3050 GBPUSD currency pair recently reversed up from the support level 1.2840 (which stopped the previous intermediate correction (A) at the end of October). The upward reversal from the support level 1.2840 created the daily Japanese candlesticks reversal pattern Piercing Line. Given the […]

The post GBPUSD Wave Analysis appeared first on Action Forex.

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Cliff Notes: An Event-Filled Week

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07/05/2024

Yen Rally Fizzles as US Dollar Climbs

The Japanese yen is sharply lower on Monday after stringing together a three-day rally.  USD/JPY is trading at 153.92, up 0.62% at the time of writing. The yen took traders on a roller-coaster ride last week. The Japanese yen fell below the 160 level on Monday, setting another 34-year record before recovering. On Wednesday, the […]
13/05/2024

Morning Report

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