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Key Highlights USD/JPY started a decent increase above the 142.50 resistance. A key bullish trend line is forming with support at 144.00 on the 4-hour chart. Oil prices started another decline from the $73.50 resistance zone. Bitcoin might aim for more gains above the $65,000 level. USD/JPY Technical Analysis The US Dollar found support near […]

The post USD/JPY Recovers But Can It Surpass 145.50? appeared first on Action Forex.

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29/11/2023

USD/JPY: Bears Consolidating for Fresh Push Through Daily Cloud Base

USDJPY bounces from new ten-week low on Wednesday, as bears faced headwinds on probe through the base of daily cloud (147.38) and from 100DMA (146.97). Fresh jump was sparked by dovish comments from BoJ policymaker, who said that it is still early to talk about exiting from negative rate policy. However, bounce is likely to […]
12/12/2023

US CPI Data: Dollar Down As Rate Uncertainty Sustains Volatility

As the clock ticks towards 13:30 GMT, financial markets are bracing for the release of the Consumer Price Index (CPI) data for November, a pivotal metric that provides a snapshot of the current state of the United States economy. The CPI measures the average change over time in the prices paid by urban consumers for […]
30/07/2024

WTI Oil: At the Risk of Further Drop to Retest Major Range Support of US$73.15-71.35/Barrel

Citigroup Economic Surprise Indices across the different regions (except for Latin America) on average are suggesting lackluster economic growth. US crude oil inventories (excluding SPR) are showing signs of a build-up. Technical factors are suggesting further potential weakness for WTI crude oil below US$80.30 key medium-term resistance. Since its high of US$84.74 printed on 5 […]