Logo-color Logo-white

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.

previous

ECB Review: ‘Meaningfully Less Restrictive’

next

EURCAD Wave Analysis

Read More

11/02/2025

How Trump Influences Bitcoin’s Price

In a previous analysis of the BTC/USD chart titled “Bitcoin Holds Above $100K. For Now?”, we hinted at the cryptocurrency market’s vulnerability to a downturn following heightened volatility triggered by Trump’s inauguration (Arrow A). The BTC/USD chart shows that after this event: → B: Bitcoin’s price saw a sharp decline after Trump imposed high tariffs […]
26/06/2024

USD/JPY: Probes Again Through 160.00 Barrier and Hits New Multi-Decade Highs

USDJPY hit new multi-decade high above 160 on Wednesday, as bulls regained control after a two-day consolidation. Fresh probe above psychological 160 barrier suggests that bids remain strong despite warning that Japan’s authorities may intervene to support weakening national currency, with 160 zone seen as a likely trigger. Strong bids were also signaled by long […]
12/12/2023

All Eyes on US Inflation

The Stoxx 600 and the S&P500 traded at a fresh ytd high on Monday as the British FTSE 100 lagged behind its Western peers, as mining stocks drove the index lower. But overall, the week started on an optimistic note ahead of today’s US inflation update, tomorrow’s FOMC decision and Thursday’s European Central Bank (ECB) […]