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Key Highlights USD/JPY is eyeing a fresh increase above the 150.80 resistance. A connecting bullish trend line is forming with support at 150.00 on the 4-hour chart. Gold is still facing resistance near the $2,040 zone. Bitcoin price could start a downside correction if it trades below $50,000. USD/JPY Technical Analysis The US Dollar found […]

The post USD/JPY Aims For Fresh High, Dips Supported appeared first on Action Forex.

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25/04/2024

JPY Weakness Extends

In focus today In the US, today’s focus will be on Q1 flash GDP data, where consensus expects growth to moderate to 2.4% Q/Q AR (Q4 3.4%). Private consumption has remained on a gradually cooling, yet steady trend, while private manufacturing investments and public state and local investments are still supported by past stimulus measures. […]
17/09/2024

USD/JPY Rebounds After US Retail Sales Beats Estimate

The Japanese yen is down sharply on Tuesday. USD/JPY is up 0.73% today, trading at 141.64 in the North American session at the time of writing. On Monday, the yen pushed below 140 per dollar for the first time since July 2023. The yen has looked razor sharp, gaining 2.9% in the month of September […]
12/11/2024

EUR/USD Dips Further While USD/CHF Turns Green

EUR/USD extended losses and traded below the 1.0775 support. USD/CHF is rising and might aim a move toward the 0.8850 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.0935 resistance and declined against the US Dollar. There is a key bearish trend line forming with resistance at 1.0680 […]