Logo-color Logo-white

GBPUSD rebounds from a 1-month low But the price trades flat in past couple of sessions Momentum indicators improve but remain neutral GBPUSD came under some selling pressure following its recent three-month peak of 1.2859, breaking below the short-term ascending trendline that connects its higher lows since April. Moreover, the pair fell to a fresh one-month low last week, but the 50-day […]

The post GBPUSD Bounces Off 50-Day SMA appeared first on Action Forex.

previous

Alarm Bells in USD/JPY (159.80) Keep Ringing

next

AUD/JPY: Aussie Outperformance With Hotter AU CPI

Read More

19/08/2024

Dollar Index Outlook: Remains in Defensive on Growing Expectations for Dovish Fed’s Policy View

The dollar index remains firmly in red in early Monday trading, and extends Friday’s 0.93% drop, to breach key support at 101.94 (Aug 5 low, the lowest in eight months). The dollar was weaker across the board on renewed risk mode and growing expectations on more dovish stance by the US central bank on two […]
24/06/2024

Yen Steadies After Dreadful Week

The Japanese yen has posted gains on Monday. In the European session, USD/JPY is trading at 159.26, down 0.10%. The yen hasn’t had a winning daily session since June 19th and declined 1.5% last week. On the data front, Japan releases the Services Producer Price Index. There are no economic releases in the US but […]
25/06/2024

CADJPY Aims for April’s Multi-Year High

CADJPY surpasses key resistance levels, but enters overbought zone Next resistance at 117.93; support at 115.80-116.00 Canadian CPI inflation due for release at 12:30 GMT CADJPY is in the third consecutive week of gains, having experienced an impressive rally to almost reach the 117.00 round level following the rebound near the 50-day simple moving average […]