Logo-color Logo-white

USDJPY fell 0.7% in Asia on Tuesday after comments from Japanese official added pressure on the central bank for more rate hikes to further boost strengthening yen. The latest comments further improved yen’s sentiment, though most analysts expect BoJ to keep rates unchanged in the next policy meeting. Fresh weakness is pressuring key supports at […]

The post USD/JPY: Bears Retest Key Near-Term Support appeared first on Action Forex.

previous

EURJPY Extends Pullback from 32-year High

next

EUR and GBP Retreat from Key Levels

Read More

31/07/2024

Gold, Crude Oil Prices Soar on Rising Middle East Tensions, FOMC Next

Gold and oil prices have surged due to rising tensions in the Middle East. Gold with a trendline break as bulls eye $2480/oz, FOMC meeting next. Brent crude oil found support around the 78.00 handle and is currently trading at 80.82 a barrel, with potential for further upside due to geopolitical risks. Gold and oil […]
07/08/2024

AUD Set to Regain Momentum

Following a week-long, 300-pip drop on AUDNZD last week, this week has opened up with some renewed bullish vigor with a 150-pip correction. While this looks incredible in favor of the Australian Dollar, there yet remains some mystery as to the exact direction the momentum will follow. Here’s my outlook as touching the price action […]
11/03/2024

Technical Outlook and Review

DXY: The DXY (Dollar Index) chart reflects bullish momentum, indicating a possible bullish rebound near the pivot level and subsequent movement towards the 1st resistance. The pivot at 102.62 acts as significant overlap support, suggesting potential buyer intervention for a bullish bounce. The 1st support at 101.93 reinforces this pattern. On the resistance side, the […]