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USDJPY trims gains, falls below steep bullish channel New sellers could show up below 153.00-153.55 USDJPY came under pressure early on Thursday, trimming Wednesday’s moderate gains and putting its two-month-old bullish channel at risk once again. The technical signals are not providing clear direction, with the falling RSI maintaining a sideways trajectory above its 50 […]

The post USDJPY Shows Some Stress; Still in Uptrend appeared first on Action Forex.

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05/01/2024

It’s Payrolls Day

In focus today The first week of January will be concluded with the December Jobs Report at 14:30 CET, and ISM services index at 16:00 CET. Recent data (Claims/ADP/JOLTs) has generally supported the narrative of robust US labour market conditions in December, and we forecast non-farm payrolls at +170k and average hourly earnings growth at […]
17/09/2024

XAU/USD Outlook: Gold Takes a Breather Under New Record High Ahead of Fed Rate Decision

Gold price edged lower in European trading on Tuesday as bulls take a breather after hitting new record high on bullish acceleration in past three days. Overbought daily studies contribute to a partial profit taking, but dips are likely to be shallow and positioning for fresh push higher in anticipation that Fed will cut interest […]
21/06/2024

USDCAD Bears Could Remain in Control

USDCAD eases below 1.3700; could attract new sellers in short-term Next support could emerge within 1.3600-1.3622 territory US S&P Global PMIs, Canadian retail sales on the agenda USDCAD has been tiptoeing to the downside for five consecutive trading days, increasing speculation that some stability could soon occur. The technical picture, however, suggests that the bears […]