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EURJPY still consolidating but immediate bias is bullish Major resistance area lies ahead EURJPY has been trading within a narrow sideways range since early October, but the immediate bias has turned positive over the last couple of sessions. The stochastic oscillator is trending upwards, while the RSI is slightly above its 50 neutral level. The […]

The post EURJPY Slightly Bullish Ahead of Key Obstacles appeared first on Action Forex.

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22/05/2024

GBP/USD: Cable Hits Two-Month High After Inflation Data

Cable rose to two-month high (1.2761) on Wednesday, after UK inflation data for April showed that prices pressure eased below expectations, hurting bets for BoE’s June rate cut. Fresh acceleration higher generates initial signal of bullish continuation after the price action held in a sideways mode in past two days and struggling to register a […]
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