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Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of EURGBP published in members area of the website. Our team recommended members to avoid buying , while keep favoring the short side in the pair. Recently we got recovery that reached our selling zone. The […]

The post EURGBP Elliott Wave : Selling The Rallies at Blue Box Area appeared first on Action Forex.

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08/05/2024

EURJPY Flirts With 167.00 Again

EURJPY recoups previous losses Rebounds off ascending trend line Surpasses short-term SMAs Oscillators gain momentum EURJPY is flirting with the 167.00 round number after the bounce off the long-term rising trend line and the 164.00 handle. The pair has been developing within an upward tendency since the beginning of December with no violations of the […]
01/04/2024

Japanese Yen Yawns After Mixed Business Confidence Report

The Japanese yen is coming off a quiet week and is showing little movement on Monday. In the European session, USD/JPY is trading at 151.38, up 0.03%. Business confidence among major manufacturers falls The Bank of Japan’s Tankan business confidence survey was a mix and the yen showed a muted response. Business confidence for major […]
03/03/2024

European Central Bank Gravitating Toward A Mid-Year Rate Cut

Summary The Eurozone economy faced a particularly challenging period during the second half of 2023, with the region only narrowly avoiding a technical recession. Given the challenging growth environment, the European Central Bank (ECB) ended its tightening cycle with a final 25 bps rate hike in September last year and has, since early 2024, indicated […]