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Fed and BoJ decisions have some impact on USDJPY Daily chart shows some weakness for the next few sessions But weekly chart looks strongly bullish FOMC decision drives dollar lower The dollar declined following the FOMC meeting on Wednesday, as Federal Reserve Chair Powell adopted a more accommodative stance. Policymakers have maintained the dot plot’s view for this year, […]

The post USDJPY Reaction to Fed and BoJ Decisions appeared first on Action Forex.

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21/05/2024

USDJPY Elliott Wave : Buying The Dips At The Blue Box Area

Hello fellow traders. In this technical article, we’re going to take a look into the Elliott Wave charts of USDJPY, exclusively presented in the members’ area of our website. As our members know USDJPY has recently made pull back that made clear 3 waves down from the April 29th peak . The pair completed correction […]
13/12/2023

Crude Oil Price Resumes Slide, Fed Rate Decision Up Next

Key Highlights Crude oil prices declined heavily below the $73.50 support. A connecting bearish trend line is forming with resistance near $71.45 on the 4-hour chart. Gold prices also declined and traded below the $2,000 support. The Fed interest rate decision is scheduled today (forecast 5.5%, versus 5.5% previous). Crude Oil Price Technical Analysis In […]
18/04/2024

Elliott Wave Theory Suggests EURJPY Remains Bullish

Short term Elliott Wave view in EURJPY suggests that rally to 165.35 ended wave 3. Wave 4 pullback unfolded as a double three Elliott Wave structure. Down from wave 3, wave ((w)) ended at 162.59 and wave ((x)) ended at 165.17. Down from there, wave (w) ended at 163.85 and wave (x) ended at 164.69. […]