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

25/04/2024

Japanese Yen Moved Beyond USD/JPY 155 for the First Time Since 1990

Markets Core bonds drifted away again yesterday. In the US, Treasuries reversed Tuesday’s (disappointing) PMI-induced spike higher. Weakening demand and a slight tail at the US Treasury’s record $70bn 5-yr Note sale kept UST’s near intraday lows going into the close. The longer end of the curve underperformed with the front end locked in the […]

Elliott Wave Intraday Analysis on GBPUSD Shows 5 Waves Bullish Impulse

Elliott Wave view on GBPUSD suggests that rally from 10.4.2023 low takes the form of an impulsive structure. Up from 10.4.2023 low, wave (1) ended at 1.2828. Correction in wave (2) unfolded as an expanded flat Elliott Wave structure. Down from wave (1), wave A ended at 1.2519 and wave B ended at 1.2894. Down […]
02/05/2024

USD/JPY: US Dollar Weakens After Statements from Federal Reserve Chair

Last night, the Federal Reserve’s decision regarding interest rates was published, which, as expected, remained unchanged at 5.5%. The subsequent press conference by Powell was of particular interest to market participants. According to CNBC, during the conference, the Fed Chair almost ruled out a rate hike as the next step, emphasizing the monetary policy’s independence […]