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USDJPY: ⬆️ Buy USDJPY reversed from long-term support level 142.00 Likely to rise to the resistance level 144.65 USDJPY currency pair recently reversed up from the support zone between the long-term support level 142.00 (which has been reversing the price from the end of 2023), support trendline of the weekly down-channel from January and the […]

The post USDJPY Wave Analysis appeared first on Action Forex.

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27/12/2023

EURJPY Wave Analysis

EURJPY rising inside impulse wave (5) Likely to reach resistance level 158.40 EURJPY rising inside the intermediate upward impulse wave (5), which started earlier from the major support level 154.40 (which has been reversing the price from July). The support level 154.40 was additionally strengthened by the 50% Fibonacci correction of the upward impulse from […]
09/12/2024

Japanese GDP Revised Upwards, US NFPs Jump

The Japanese yen has edged lower on Monday. In the European session, USD/JPY is trading at 150.42, up 0.26% on the day. Japan’s GDP revised upwards in Q3 Japan’s economy expanded in the third quarter by 0.3% q/q, according to the final estimate. This edged above the initial estimate and the market estimate of 0.2%. […]
17/09/2024

EURJPY Seems to Have Found a Floor

EURJPY rebounds off 155.15 Immediate resistance at downtrend line RSI and MACD look negative EURJPY held losses for the second week in a row, dropping towards the 155.15 support, which stands slightly above the more-than-seven-month low. Technically, the price could lose some ground in the short term as the RSI is changing direction to the […]