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USDJPY is in the red again today, reacts to last week’s jump It continues to hover a tad above its 100-day SMA Most momentum indicators tentatively support the ongoing upleg USDJPY is recording its second consecutive red candle, recouping a good part of last week’s strong gains. USDJPY continues to trade above the busy 146.65-147.71 area with […]

The post USDJPY Hovers Above a Key Support Area appeared first on Action Forex.

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06/02/2024

USD Strengthens Following Strong Employment Data

The US dollar has seen a significant increase in strength against the Euro, with the EUR/USD pair falling to 1.0770 by Monday morning. This movement is largely attributed to the recent release of robust employment sector reports in the US for January, which have shifted investor expectations regarding the Federal Reserve’s interest rate decisions. The […]
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S&P 500 Wave Analysis

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