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Key Highlights USD/JPY declined below the 148.00 and 147.00 levels. It traded below a key bullish trend line with support at 148.75 on the 4-hour chart. EUR/USD recovered losses and climbed above 1.1620. GBP/USD is attempting a fresh increase above the 1.3350 resistance. USD/JPY Technical Analysis The US Dollar trimmed gains from the 150.90 zone […]

The post USD/JPY Cools Down – Support Holds, Recovery Possible? appeared first on Action Forex.

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23/09/2024

News of the Week (September 23—September 27): AUDUSD Review

AUDUSD poised for a move—traders should stay alert! The AUDUSD pair, often referred to by traders as the “Aussie,” is a major currency pair representing the exchange rate between the Australian and US Dollar. The Australian Dollar is heavily influenced by commodity prices (especially iron ore and gold), interest rate decisions by the Reserve Bank […]
28/03/2024

USDJPY Wave Analysis

USDJPY reversed from multi-year resistance level 151.357 Likely to fall to support level 146.90 USDJPY currency pair recently reversed up from the powerful multi-year resistance level 151.357 (former monthly high from 2022), standing close to the upper weekly Bollinger Band. The downward reversal from the resistance level 151.357 stopped the previous minor corrective wave 2 […]
04/12/2023

Could BoC Remain Hawkish?

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