Logo-color Logo-white

USDJPY under the bearish pressure Likely to fall to support level 150.00 USDJPY currency pair under the bearish pressure after the earlier break out of the support zone between the support level 154.00, support trendline from September and the 50% Fibonacci correction of the previous upward impulse from December. The breakout of this support zone […]

The post USDJPY Wave Analysis appeared first on Action Forex.

previous

Keeping Your Head When Everyone Else is Losing Theirs

next

US Payrolls Today’s Economic Highlight

Read More

06/12/2023

Bonds Rally, Equities Watch

The central bank doves are forcefully back following a significantly lower-than-expected US JOLTS print, and on the back of a surprisingly dovish comment from an otherwise… hawkish Isabel Schnabel from the European Central Bank (ECB). Jolts Released yesterday, the JOLTS data showed that the US job openings fell below 8.8 mio jobs in October – […]
16/07/2024

A Clearer Shape of a Long-Term Dollar Decline

While Trump’s rise to power is widely seen as a positive for the dollar, the dollar index hit a one-month low on Monday as it continues to rebound from the Fed’s latest softening tone and inflation slowdown. The impact of Trump’s policies on the dollar is largely based on the experience of his previous presidential […]
06/12/2023

GBP/USD: Cable – Limited Correction Likely to Precede Fresh Rise, US Labor Data in Focus

Cable is holding within a tight range on Wednesday morning, as two-day pullback found a footstep on broken Fibo support at 1.2585, though stronger dollar and weaker than expected UK data continue to sour the sentiment. Traders await release of US labor data (ADP report is due later today and NFP on Friday) for fresh […]