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USDJPY jumps to its highest level since April 1990 A suspected Japanese intervention does not have meaningful impact Oscillators exhibit a divergence regarding overbought conditions USDJPY has been in a steady uptrend since the beginning of the year, posting a fresh 34-year high on Monday. After a roller coaster session that day following speculation over […]

The post USDJPY Stabilizes a Tad Below 160.00 appeared first on Action Forex.

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13/06/2024

EUR/USD: Remains Constructive Despite More Hawkish Than Expected Powell

EURUSD is consolidating within a narrow range on Thursday morning, following strong rally on Wednesday (up 0.65%), but remains constructive despite Wednesday’s upside rejection and a bull-trap above converged 10/20DMA’s. The single currency rallied on weaker than expected US May CPI numbers, though the sentiment was cooled by more hawkish than expected remarks from Fed […]
04/04/2024

Brent Oil Price Reaches Its Highest Since October 2023

The Brent oil chart today shows that the price has exceeded USD 89 per barrel — this is the highest level since the end of October 2023. Reasons for strong demand for oil: → The OPEC+ meeting ended this week. Exporting countries maintained their policy of limiting oil production unchanged. → Ukrainian drone attacks on […]

Bitcoin Price At Risk of More Downsides Below $65K

Key Highlights Bitcoin price started a fresh decline below $69,000 and $68,000. BTC traded below a key bullish trend line with support at $68,350 on the 4-hour chart. Crude oil price rallied further above $85.00. Gold price also climbed higher toward the $2,300 level. Bitcoin Price Technical Analysis Bitcoin price failed to stay above $70,000 […]