Logo-color Logo-white

GBPJPY reversed from support level 179.40 Likely to rise to resistance level 182.00 GBPJPY currency pair recently reversed up from the multi-month support level 179.40 (which has steadily reversed the pair from the start of July). The support level 179.40 was further strengthened by the lower daily Bollinger Band. Given the strength of the support […]

The post GBPJPY Wave Analysis appeared first on Action Forex.

previous

USDCHF Wave Analysis

next

EUR/USD: Extended Pullback Pressuring Pivotal Supports

Read More

26/04/2024

U.S. Consumer Spending and Income Rise in March, Inflation Holds Steady 

Personal income grew 0.5% month-on-month (m/m) in March, an increase relative to February’s 0.3% gain and in line with market expectations. Accounting for inflation and taxes, real personal disposable income rose 0.2% in March, a recovery from the -0.1% decline in February. Personal consumption expenditures rose by 0.8% m/m for a second consecutive month, above […]
26/12/2023

2023 In Review: A Look Back At The Highlights Of The Year

The year 2023 commenced after two years of economic uncertainty and heavy inflation across Europe and North America, home to leading financial markets, with major currencies such as the euro and the US dollar, and financial hubs including London, New York, Chicago, Frankfurt, and Toronto. These continents, where major stock exchanges operate and the S&P […]
20/02/2024

Yen Bears Have a Good Chance of Reaching Lows Not Seen Since 1990

The Japanese yen is hovering near 150 per dollar, retreating from last week’s four-month highs of 151. The 150-152 area is hazardous for short-term traders, as this is the level from which the Japanese Ministry of Finance intervened in October 2022 and November 2023 to stop the currency from depreciating. However, it would be too […]