Short Term Elliott Wave in USDJPY shows incomplete bullish sequence from 6.4.2024 low favoring more upside. Up from 6.4.2024 low, wave 1 ended at 157.4 as the 1 hour chart below shows. Pullback in wave 2 unfolded as a zigzag structure. Down from wave 1, wave ((a)) ended at 156.92 and wave ((b)) ended at […]
In focus today In the US, the NFIB’s Small Business Optimism index is scheduled for release. Additionally, focus will be on any softening of the Trump administration’s trade policy stance or any verbal intervention from the Fed. In Denmark, we will receive February’s industrial production figures. January saw an 11.9% decline (SA), an unusually large […]
The post Hopes of Stabilization Brewing appeared first on Action Forex.
Share
