Logo-color Logo-white

GBPJPY retreats somewhat, but broader picture remains positive Momentum oscillators suggest declines GBPJPY retreats after several attempts to touch the 200.00 round number, but the short-term bias remains positive. From a technical perspective, there is a growing risk of a negative correction. The stochastic oscillator is pointing south, ready to post a bearish crossover, while […]

The post GBPJPY Fails to Challenge 200.00 Key Level appeared first on Action Forex.

previous

USDCAD Retains Bullish Bias Above 20-day SMA

next

Japan’s Consumer Spending Slips, Yen Extends Gains

Read More

27/09/2024

Oil Prices Tumble on OPEC+ Supply – HICP Prints to Give Clues on Euro Area Figure

In focus today In the euro area, focus today is on the September inflation data from Spain, France, and Belgium, which will give clues on the euro area data on Tuesday next week. We expect euro area HICP inflation to decline significantly to 1.8% y/y in September from 2.2% driven by both base effects on […]
16/08/2024

USD/JPY Analysis: Rate Surpasses 149 Yen Per Dollar

As the USD/JPY chart indicates, the rate has risen approximately 5.4% above the August 5 low. On one hand, the yen’s weakening against the U.S. dollar is partly driven by rumours that the Bank of Japan might intervene not to support the weak yen (as when the rate was above 160) but to weaken it […]
03/07/2024

CADJPY Wave Analysis

CADJPY broke key resistance level 117.00 Likely to reach resistance level 119.00 CADJPY currency pair recently broke through the key resistance level 117.00 (which stopped the pervious sharp upward impulse wave (1) at the end of April, as can be seen below). The breakout of the resistance level 117.00 accelerated the active impulse wave 3 […]