NZDUSD, H4 NZDUSD corrected after a rebounding from the 0.5720 resistance and faced the 0.5650 support at the 38.2 Fibonacci ratio. The Alligator’s lips cross the jaw line, while the Momentum oscillator crosses the 100 lines downwards, giving a potential trend reversal sign. Consider a short trade if the price breaks below the 0.5650 support […]
Key Highlights USD/JPY started a fresh increase above the 153.50 resistance zone. A connecting bullish trend line is forming with support at 152.20 on the 4-hour chart. EUR/USD is attempting a recovery wave from the 1.0700 zone. Bitcoin rallied to a new record high above $76,000 before it saw a consolidation phase. USD/JPY Technical Analysis […]
The post USD/JPY Rebounds With New Traction: Can It Sustain Rise? appeared first on Action Forex.
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