Logo-color Logo-white

USDJPY jumps back into the 150 area after two months Caution needed due to overbought conditions USDJPY kicked off the week on a strong note, rising at a faster pace to close above the 150.00 mark for the first time since August. The pickup in the price confirms a bullish breakout above the August high […]

The post USDJPY Poised for a Bullish Trend Reversal appeared first on Action Forex.

previous

AUD/USD Struggles for Stability: Chances are Slim

next

Cable – Bears Look for Push Though Daily Cloud Base After Consolidation

Read More

26/08/2024

EUR/USD Outlook: Looks for Test of 2023 High After Limited Correction

EURUSD cracked 1.1200 barrier after Friday’s 0.75% rally (the biggest daily gain since Aug 2) and hit new 2024 high early Monday. Bulls remain firmly in play after strong advance in past two weeks and on track for the biggest monthly gain since November 2022, as weakening dollar on strong Fed rate cut signals, continues […]
26/03/2024

Gold (XAUUSD) Looking to Do Larger Degree Correction

Short Term Elliott Wave view in Gold (XAUUSD) suggests that Gold ended the cycle from 12.13.2023 low. Rally from 12.13.2023 low unfolded as an impulse. Up from there, wave ((i)) ended at 2088.48 and dips in wave ((ii)) ended at 1984.37. The metal then resumed higher in wave ((iii)) towards 2195.15 as the 1 hour […]
26/09/2024

Short Term Elliott Wave Impulse in GBPJPY Favors Higher

Cycle from 8.5.2024 low in GBPJPY is in progress as a double three Elliott Wave structure. Up from 8.5.2024 low, wave (W) ended at 193.48 and pullback in wave (X) ended at 183.67. Internal subdivision of wave (X) unfolded as a zigzag. Down from wave (W), wave A ended at 187.23 and wave B ended […]