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GBPJPY gains ground after upbeat UK CPI data Technical signals endorse bullish efforts Buyers need confirmation above 197.35 GBPJPY advanced to an intra-day high of 197.77 after hotter-than-expected UK CPI inflation data gave traders confidence that the Bank of England might hold interest rates steady in December. Earlier, the pair had built a solid base around 194.70, […]

The post GBPJPY continues higher after UK CPI appeared first on Action Forex.

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14/10/2024

USDJPY Tests New 3½-Month High

USDJPY makes an attempt for steeper bullish actions MACD and RSI confirm upside momentum USDJPY is rising towards a fresh three-and-half-month high of 149.71, posting the fifth consecutive green 4-hour session. The next strong battle likely awaits at the 150.00 psychological level, but the next resistance lies at the 151.90 level, taken from the inside swing low […]
04/07/2024

Crude Oil Moved Up But Looks Vulnerable

Crude oil inventories in US commercial storage fell by 12.2 million barrels last week, marking the sharpest decline since last July. The decrease is attributed to preparations for the start of the US driving season. Not only was the change significant, but it was also drastically different from the expected 0.4 million decline, prompting impulse […]
04/06/2024

WTI Tumbles Below Key Support of 76.50

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