Strong rally extends into fourth consecutive day and retests pivotal barriers at 0.6526/29 (converged 200/55DMA’s) which capped attack previous day. Fresh strength offsets for now bearish signal on formation of daily inverted hammer candlestick on Wednesday, left after upside rejection and subsequent pullback. Aussie dollar was boosted by hotter than expected Australia’s inflation and keeps […]
USDJPY under bearish pressure Likely to fall to support level 146.00 USDJPY currency pair is under bearish pressure after the earlier breakout of the support zone between the support level 148.60 (the former monthly low from December) and the 50% Fibonacci correction of the upward impulse from September. The breakout of this support zone accelerated […]
The post USDJPY Wave Analysis appeared first on Action Forex.
Share
