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Key Highlights USD/JPY started a fresh increase above the 151.00 resistance zone. It cleared a key bearish trend line with resistance at 151.20 on the 4-hour chart. EUR/USD failed to recover above the 1.0620 level and trimmed some gains. Ethereum extended gains and might stabilize above the $4,000 level. USD/JPY Technical Analysis The US Dollar […]

The post USD/JPY At Crossroads: Key Levels In Focus appeared first on Action Forex.

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20/03/2024

EUR/USD Dips Again, USD/JPY Rallies Above 151

EUR/USD started another decline from the 1.0960 resistance. USD/JPY surged and broke the 151.00 resistance zone. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline below the 1.0900 support zone. There is a key bearish trend line forming with resistance at 1.0870 on the hourly chart of EUR/USD at FXOpen. […]
15/10/2024

USD/JPY Faces Resistance Amid Geopolitical and Economic Uncertainties

USD/JPY has been struggling to break past the resistance level at 149.55 despite repeated attempts over the past five trading sessions. The Japanese yen remains under pressure as the Federal Reserve signals a more moderate approach to interest rate cuts in its upcoming meetings, contrasting with the broader expectations of more aggressive rate reductions. Further […]
09/05/2024

BTCUSD Retreats After Unsuccessful Test of 50-SMA

BTCUSD drops after failing to claim 50-day SMA The price extends its series of lower highs and lows Momentum indicators are tilted to the downside BTCUSD (Bitcoin) had been in a slow but steady recovery since its bounce off the two-month bottom of 56,483. However, the rebound faltered and the price reversed back lower following its second […]