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USDJPY continues its upward trend; third consecutive green session It now tries to overcome a very busy resistance area Most momentum indicators support the current upleg USDJPY is recording its third consecutive green candle today and it is now trying to overcome the busy 146.22-147.71 area. It has been an aggressive rally from the December 28, […]

The post USDJPY Rallies Ahead of Key Market Events appeared first on Action Forex.

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01/05/2024

A New Stage of Bitcoin’s Decline

Market Picture Bitcoin’s closing price on Tuesday became the lowest since late February, confirming the downward trend and falling under March and April support and the psychologically important round level. Bitcoin ended April down 15.5% to $59.9K, after six months of gains out of the last seven (January BTC ended virtually unchanged). Technical downside targets […]
29/05/2024

Accelerating German Inflation Supports Euro on the Downturn

German inflation confirmed an acceleration. Harmonised CPI rose to 2.8% vs 2.4% a month earlier and 2.3% in March. This is positive news for the Euro, which is lagging behind the Pound and relatively weak against the Dollar, based on expectations of a looser ECB monetary policy against rivals. A fresh batch of data from […]
27/06/2024

GBP/USD Faces Downside Risk: What Traders Should Watch

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