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USDJPY in the green today ahead of this week’s key events It is now hovering below a key support area Momentum indicators confirm the weakening bearish pressure USDJPY is trying to record a green candle today as it trades a tad below a strong support area. The bulls have managed to react to the sizeable […]

The post USDJPY Bulls Show Further Signs of Life appeared first on Action Forex.

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24/05/2024

USD/JPY Restarts Increase But Lacks Bullish Momentum

Key Highlights USD/JPY started a fresh increase above the 156.00 resistance. It broke a major contracting triangle with resistance at 156.10 on the 4-hour chart. Gold price declined heavily and moved in the red zone below $2,380. Oil prices are still struggling to recover above the $80.00 resistance. USD/JPY Technical Analysis The US Dollar formed […]
03/03/2024

ECB Preview – Policy Normalisation in Sight

Next week, on Thursday 7 March, the ECB is set to take another step in its policy normalisation process, from a restrictive monetary policy stance towards a neutral stance. The new staff projections on growth outlook are expected to be revised lower this year and broadly unchanged in 2025/2026. Inflation is set to be revised […]
07/05/2024

Brent Crude Oil Experiences Modest Uptick Amid Mixed Market Signals

Brent crude oil is seeing a slight increase on Tuesday, priced around $83.57 per barrel. The market remains close to two-month lows, caught between optimism for a peaceful resolution to the Middle East conflict and concerns over crude oil inventories in the United States. The primary focus in the stock market currently revolves around the […]