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Key Highlights USD/JPY is correcting gains from the 148.80 resistance zone. A key bullish flag is forming with resistance near 147.80 on the 4-hour chart. EUR/USD is gaining bearish momentum below the 1.0820 support. Gold prices could attempt a steady increase above the $2,050 resistance. USD/JPY Technical Analysis The US Dollar rallied above the 146.20 […]

The post USD/JPY Forms Another Bullish Pattern, US NFP Report Next appeared first on Action Forex.

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18/05/2024

Weekly Economic & Financial Commentary

Summary United States: Let’s Wait and See There was no shortage of economic data this week, but little did much to change the macro landscape. The April inflation data were a step in the right direction, and if sustained, we see the first rate cut coming in September. Next week: Existing Home Sales (Wed.), New […]
02/08/2024

USD/JPY – Surging Yen Improves to 15-week High

The Japanese yen continues to rally. USD/JPY is trading at 148.86 in the European session, down 0.31% on the day at the time of writing. On Thursday, the yen strengthened as much as 148.50, its best showing since May 11. Yen continues to pummel US dollar Only three weeks ago, the yen looked dead in […]
22/12/2023

Natural Gas Wave Analysis

Natural gas reversed from long-term support level 2.215 Likely to rise to resistance level 3.0000 Natural gas recently reversed up from the major long-term support level 2.215 (which has been reversing the price from the start of 2021) intersecting lower weekly Bollinger Band. The upward reversal from the support level 2.215 stopped the previous intermediate […]