Logo-color Logo-white

USDJPY tries to switch medium-term outlook to bullish Prices hold within Fibonacci levels Technical signals are positive USDJPY is looking to resume its bullish trend, having softly pivoted near the 50.0% Fibonacci retracement level of the down leg from 151.90 to 140.20 at 146.07. To attract new buyers, the bulls will have to surpass the […]

The post USDJPY on the Rise Again appeared first on Action Forex.

previous

Euro Drifting Ahead of German CPI

next

Technical Outlook and Review

Read More

01/07/2024

French Election: Public Spending Not Set to Rise Significantly

Initial projections, alongside statements from Macron and Melenchon on Sunday, indicate that the most probable outcome is that no party will achieve an absolute majority, resulting in a ‘hung parliament’. Hence, public spending in France is not set to rise significantly (see scenario 1, page 2). Projections indicate that National Rally (RN) won the first […]
26/01/2024

Markets Price Higher Probability of ECB Rate Cut in April

In focus today US December Private Consumption Expenditures (PCE) data will be released today. Strong holiday spending and modest inflation suggest that real consumption volume continued to grow at a solid pace. On the inflation side, consensus sees Core PCE inflation at +0.2% m/m SA (from +0.1%). We will get the December release of Norwegian […]
18/07/2024

Is AUDCAD Ready to Extend Its Uptrend?

AUDCAD prints higher highs and higher lows RSI and MACD detect positive momentum Break above 0.9260 could signal trend continuation Dip below 0.9125 may allow a decent correction AUDCAD rebounded today from slightly above the support of 0.9270, marked by the low of July 9 and the inside swing high of June 12.  Overall, the […]