Logo-color Logo-white

EURJPY posts new 3-month high Momentum indicators are gaining ground Positive structure remains intact above short- and long-term diagonal lines EURJPY is skyrocketing above the 162.00 round number, recording a fresh three-month high. The market is completing a strong bullish rally after the bounce off the 158.90 support level, posting the tenth consecutive green day. […]

The post EURJPY on the Rise Above 162.00, But for How Long? appeared first on Action Forex.

previous

Yen Bears Have a Good Chance of Reaching Lows Not Seen Since 1990

next

Bank of Canada’s Policy Pirouette Not Yet Complete

Read More

25/06/2024

EUR/USD Has Little Upward/Rebound Potential

Markets Fuss about potential Japanese FX interventions (USD/JPY 160) and more French political scenario’s dominated headlines yesterday, but failed to inspire trading. European risk sentiment improved with key indices rising by 0.5% to 1.5%. Safe haven assets like core bonds and the dollar travelled the other direction, resulting in marginally higher German yields and EUR/USD […]
26/01/2024

WTI Wave Analysis

WTI broke key resistance level 75.00 Likely to rise to resistance level 79.15 WTI crude oil recently broke the key resistance level 75.00 (which has been reversing the price from the end of December). The breakout of the resistance level 75.00 coincided with the breakout of the 61.8% Fibonacci correction of the previous sharp downward […]
25/04/2024

USD/JPY Ticks Higher Ahead of BoJ Meeting

The Japanese yen continues to lose ground on Thursday. In the European session USD/JPY is trading at 155.61, up 0.17%. Earlier, the yen dropped to a 34-year low of 155.74. Friday will be a busy day out of Japan. Tokyo Core CPI, which excludes food, is a key leading indicator of nationwide inflation trends. It […]