Logo-color Logo-white

EURGBP retreats after hitting resistance at 0.8325 Broader downtrend remains intact, but momentum weakens Break below 0.8225 could confirm trend continuation Rebound above 0.8450 may signal bullish trend reversal EURGBP traded lower this week, after hitting resistance near the key territory of 0.8325. Overall, the pair is trading below all three of the plotted moving […]

The post EURGBP Bears Remain in Control appeared first on Action Forex.

previous

Sunset Market Commentary

next

FOMC Cuts Rates, but Pace of Easing Ahead Likely Will Slow

Read More

12/01/2024

AUDJPY Wave Analysis

AUDJPY reversed from resistance level 97.45 Likely to fall to support level 96.00 AUDJPY currency pair recently reversed down from the resistance level 97.45 (which has been reversing the pair from the middle of December). The resistance level 97.45 was strengthened by the upper daily Bollinger Band. AUDJPY can be expected to fall further to […]
14/06/2024

Japanese Yen Fell to a Six-Week Low after Bank of Japan Ended Its Meeting

  The Japanese yen exchange rate paired with the US dollar looks unimpressive by the end of this week. The USD/JPY pair rose to almost 158.00 immediately after the end of the June meeting of the Bank of Japan, which left the interest rate unchanged. Everything went according to expectations. In March, the BoJ raised […]
15/02/2024

EURGBP Wave Analysis

EURGBP reversed from support level 0.8510 Likely to rise to resistance level 0.8575 EURGBP currency pair recently reversed up from the key support level 0.8510 (which has been reversing the price from July), strengthened by the lower daily Bollinger Band. The upward reversal from the support level 0.8510 created the daily Japanese candlesticks reversal pattern […]