Logo-color Logo-white

Bears accelerate on Thursday (USDJPY was down 1% in Asian / European session) extending steep fall into third straight day. Fresh weakness broke below initial Fibo support at 148.37 (23.6% of 140.25/150.88 rally, reinforced by daily Kijun-sen) generating initial reversal signal and warning of deeper drop. Bears cracked 100DMA (147.81) which produced some headwinds, with […]

The post USD/JPY Outlook: Japanese Yen Accelerates Dains vs Dollar on Growing Signals of BoJ Policy Shift appeared first on Action Forex.

previous

AUD/USD Outlook: Aussie Dollar Rallies for the Second Day and Pressure Pivotal Barriers

next

Dollar Index outlook: Dollar Falls Further on Rising Bets for Fed Rate Cut

Read More

28/12/2023

Pound Sterling Rallies on Improved Risk Appetite

Pound Sterling advances above 1.2800 against the US Dollar on upbeat market sentiment. High inflation and recession fears in the UK may complicate the idea of BoE remaining a laggard in cutting rates. The economic calendar is light due to the festive season. The Pound Sterling (GBP) prints a fresh four-month high as investors hope […]
22/03/2024

USD/JPY Could Extend Rally As Dips Turn Attractive

Key Highlights USD/JPY rallied above the 148.80 and 150.00 resistance levels. A connecting bullish trend line is forming with support at 150.50 on the 4-hour chart. Crude oil prices corrected gains and traded below $81.50. Bitcoin attempted a fresh increase above the $65,000 resistance zone. USD/JPY Technical Analysis The US Dollar started a major increase […]
03/04/2024

Brent Crude Oil Wave Analysis

Brent crude oil broke resistance level 86.70 Likely to rise to resistance level 90.00 Brent crude oil recently broke the resistance level 86.70, which reversed the price with the daily Evening Star in March. The breakout of the resistance level 86.70 was preceded by the breakout of the resistance trendline of the daily up channel […]