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USDJPY shows some progress MACD and RSI turn up USDJPY started 2024 in a positive mode as it rebounded off the 140.90 support level with strong resistance  coming from the steep descending trend line. The RSI is below its 50 neutral mark, although it has strengthening, and the MACD is keeping its footing above its red […]

The post USDJPY Buyers Appear Strong in 2024 appeared first on Action Forex.

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15/02/2024

JP 225 Index in Sight of Historic Peak

JP 225 index approaches its 1989 record high Bulls might be exhausted as overbought signals detected Japan’s 225 stock index (cash) marked another green day on Thursday despite GDP figures pointing to a recessionary economy, extending its weekly bull run closer to the 1989 record high of 38,915. While the upward pattern has shown no […]
20/06/2024

XAUUSD: Trend Breaking?

On the H4, XAUUSD reached a downtrend line after a short-term rise. The price is approaching the critical resistance area and MA200, which also acts as resistance. In this case, two scenarios are possible. If Gold breaks the resistance of 2350, the trend line and MA200, a bullish trend will start up to 2385; Otherwise, […]
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Market Analysis: GBP/USD and EUR/GBP Poised For More Losses

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