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EURUSD posts gains above 1.0800 RSI crosses above 50 level EURUSD is extending its rebound off 1.0740 after US inflation data that was lower than expected. The pair jumped above the 50- and the 200-day simple moving averages (SMAs) as well as the 1.0800 round number. Technically, the RSI indicator is currently crossing the 50 […]

The post EURUSD Recoups Losses and Bearish Gap after US CPI appeared first on Action Forex.

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23/08/2024

Japanese Yen Price Action Ideas: USD/JPY, EUR/JPY

The Japanese Yen has seen significant volatility in recent weeks, influenced by factors like US Dollar recovery and mixed Japanese economic data. USD/JPY shows potential for retesting the 150.00 level, with resistance at 146.37 and support around 143.60. EUR/JPY mirrors USD/JPY’s movements, with resistance at 163.50 and the potential for a 200-pip rally if it […]
12/03/2024

GBPJPY Should Resuming to the Upside After a Corrective Pause

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17/04/2024

Cable Finds Some Support after UK CPI – Elliott Wave Analysis

Cable found some footing and appears to be seeking stability after the latest inflation report. The CPI on a y/y basis was reported at 3.2%, a decrease from 3.4%. However, Cable is still ticking slightly upward because the forecast was 3.1%, and this miss has impacted sentiment. From an Elliott wave perspective, we see the […]