Logo-color Logo-white

Key Highlights USD/JPY started a fresh increase above the 153.50 resistance zone. A connecting bullish trend line is forming with support at 152.20 on the 4-hour chart. EUR/USD is attempting a recovery wave from the 1.0700 zone. Bitcoin rallied to a new record high above $76,000 before it saw a consolidation phase. USD/JPY Technical Analysis […]

The post USD/JPY Rebounds With New Traction: Can It Sustain Rise? appeared first on Action Forex.

previous

GBPUSD Wave Analysis

next

Elliott Wave View in EURGBP Calling for More Downside

Read More

19/08/2024

EURGBP Wave Analysis

EURGBP broke support area Likely to fall to support level 0.8475 EURGBP currency pair just broke the support area set between the support level 0.8535 (which reversed the price twice earlier this week) and the 38.2% Fibonacci correction of the earlier sharp upward impulse from July. The breakout of this support area is aligned with […]
28/08/2024

AUD/USD Outlook: Lacks Strength to Hold Gains on Above Forecast Australian CPI

AUDUSD hit new 8-month high in Asian session on Wednesday, lifted by higher than expected Australian July CPI, but was so far unable to hold gains above 0.6800 mark. Although subsequent dip was shallow, it sends initial warning that larger rally from 0.6348 (Aug 5 spike low) might be running out of steam. Triple consecutive […]
06/11/2024

US Dollar Index (DXY) Explodes Higher as Markets Prepare for a Trump Victory

The US Dollar Index (DXY) surged as markets anticipated a Donald Trump victory in the US presidential election. Market sentiment suggests a Trump presidency and Republican majority will boost the US economy, leading to a stronger US dollar in the medium term. Trump’s proposed policies on tariffs and tax cuts could impact US inflation and […]