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USDJPY holds below key resistance levels as October’s session starts Technical signals cannot warrant a bullish trend reversal USDJPY had a lackluster beginning to October, with a neutral close around its 20-day EMA and previously a rejection near the 50% Fibonacci retracement of the 2023-2024 upleg at 144.50. Currently, the pair is attempting to reach […]

The post USDJPY Outlook Remains Gloomy appeared first on Action Forex.

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27/12/2023

EUR/USD Extends Rally While USD/JPY Revisits Support

EUR/USD gained bullish momentum above the 1.0985 resistance. USD/JPY is declining and showing bearish signs below the 142.85 level. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro remained in a bullish zone and climbed above the 1.0985 resistance zone. There is a key bullish trend line forming with support near 1.1020 on the […]
22/04/2024

EURJPY Rallies Ahead of Key Market Events

EURJPY is preparing to test the recent 165.34 high The growing intervention threat is limiting the aggressive bullish appetite Momentum indicators maintain some degree of bullish tendency EURJPY is edging higher today with the bulls apparently preparing to challenge the recent 165.34 high following another false attempt by the bears to push this pair below […]
18/09/2024

US 100 Index in Anticipation Mode Ahead of Fed

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