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The Japan 225 CFD Index (a proxy of the Nikkei 225 futures) has staged the expected bullish move and rallied by 5.5% since our last publication on 6 August, cleared above its prior all-time high of 42,513 printed in July last year, and hit a fresh record high of 43,009 in today’s Asia session led […]

The post Nikkei 225 Update: Bullish Impulsive Sequence Intact, New Resistance Levels to Watch After New All-Time High appeared first on Action Forex.

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29/10/2024

Silver Wave Analysis

Silver reversed from support zone Likely to rise to resistance level 35.00 Silver recently reversed up from the support zone located between the key support level 33.00 (which stopped wave 1 last month) and the 38.2% Fibonacci correction of the upward impulse from the start of October. The support level 33.00 was further strengthened by […]
04/12/2024

Yen Strengthens on Rate Hike Expectations; Euro Tests Recent Lows

USD/JPY Over the past week, the USD/JPY pair dropped by approximately 500 pips. As anticipated, sellers tested the critical 150.00–149.00 range. This level may serve as the starting point for an upward corrective rebound. The sharp decline in USD/JPY is likely tied to recent comments from the Bank of Japan’s Governor, Kazuo Ueda, hinting at […]
11/09/2024

USDJPY Plummets to New 9-month Low

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