Logo-color Logo-white

USDJPY extends fresh bearish acceleration into second day and fell 1.1% during Asian / European trading on Wednesday. Increased demand for yen at the end of month as well as end fiscal year was the main driver of the pair, along with dollar bulls pausing for correction. Fresh weakness broke below pivots at 152.69 (Fibo […]

The post USD/JPY Putlook: Bears Gained Traction and Violate Strong Support Zone appeared first on Action Forex.

previous

EUR/USD Attempts Recovery While USD/JPY Dips

next

U.S. Economic Growth Remains Solid in the Third Quarter

Read More

30/07/2024

Is BoE Really Close to Announcing a Rate Cut?

BoE meets on Thursday with a rate cut firmly on the cards Data has been positive but doves in control of the committee Pound could suffer on Thursday but still favoured against the euro Rate announcement at 11.00 GMT with the press conference held 30 minutes later The Fed gathering matters for the BoE The […]
08/11/2024

GBPUSD Wave Analysis

GBPUSD reversed from support level 1.2840 Likely to rise to resistance level 1.3050 GBPUSD currency pair recently reversed up from the support level 1.2840 (which stopped the previous intermediate correction (A) at the end of October). The upward reversal from the support level 1.2840 created the daily Japanese candlesticks reversal pattern Piercing Line. Given the […]
19/02/2024

Forex and Cryptocurrencies Forecast

EUR/USD: A Week of Mixed Data The macroeconomic statistics released last week were mixed in both the United States and the Eurozone. As a result, EUR/USD failed to break through either the 1.0700 support or the 1.0800 resistance, continuing to move within a narrow sideways channel. The US dollar received a strong bullish impulse on […]