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EURJPY rebounds off 163.30, holding above rising trend line Bullish bias in longer-term timeframes But MACD and RSI loses momentum in near term EURJPY found support at the 163.30 barrier and is moving again towards the 16-year high of 165.36 that was recorded on March 20. The pair has been remaining in an upward tendency […]

The post Will EURJPY Re-Test 16-Year High Soon? appeared first on Action Forex.

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11/01/2024

USD/JPY: Recovery Acceleration Signals that Corrective Phase Might Be Over

Bulls regained traction and pushed the price up 0.75% on Wednesday, retracing the largest part of pullback from 2024 high (145.97, Jan 5) to 143.41 (Jan 9). Fresh strength emerged after corrective dip was strongly rejected just above 200DMA (143.37), marking a healthy correction and keeping in play near-term bulls off 140.25 (Dec 28 low). […]
13/12/2023

Sunset Market Commentary

Markets UK gilts and sterling catch the eye today. Yields in the country tank between 9.8 (30-y) and 13.3 bps (2-y). Sterling dropped with EUR/GBP, after testing the 0.86 yesterday, now moving past that level more convincingly (0.8612). Reason for the move s this morning’s batch of October eco data. Whether it was industrial production, […]
16/01/2024

Dollar Shows Broad Gains

Markets With US markets closed for Martin Luther King Day, Europe was obliged to find its own intraday dynamics. After a sharp US driven (softer PPI’s) yield decline on Friday, German rates gapped higher at the open (+/-4 bps). Initially, there was little news to support a clear directional move. A preliminary estimate of the […]