EURJPY broke support zone Likely to fall to support level 158.00 EURJPY currency pair recently broke the support zone located between the key support level 160.200, (which has been reversing the pair from December) and the 50% Fibonacci correction of the upward ABC correction 2 from last month. The breakout of this support zone accelerated […]
In focus today Focus today is on German and Spanish inflation data for April that will give important indications of where the euro area print tomorrow is heading. China releases PMI manufacturing for April overnight from both NBS as well as Caixin. Both indices have increased to decent levels in recent months, but we believe […]
The post Japanese Yen Drops to 34-Year Low appeared first on Action Forex.
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