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USDJPY rises but trades within a bearish pattern Resistance expected around 149.70-150.00 US CPI inflation data due for release at 13:30 GMT USDJPY turned green after touching its 20-period simple moving average (SMA) in the four-hour chart, rising gradually to a new high of 149.64 on Tuesday and closer to November’s resistance zone ahead of the […]

The post USDJPY Bulls Take Control, But It Could be a Trap appeared first on Action Forex.

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08/05/2024

US Indices Heading Towards Highs

US indices have been gaining daily since the beginning of May. They have found strength amid relatively weak job reports and quite upbeat quarterly earnings. The S&P500 and Nasdaq100 indices are just 1.5% below the all-time highs set in March. The market downturn in the first three weeks of April has whetted bargain hunters’ appetite. […]
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USDCHF Cheers on SNB Rate Cut

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14/06/2024

NZD/USD Exchange Rate Falls from Nearly 5-Month High

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