USD/JPY failure to have a clear break below 140.25 coupled with BoJ Governor Ueda’s cautious rhetoric has increased the odds of a mean reversion rebound. A swift increase in large speculators’ net bullish open positioning in the JPY futures market to a 5-year high makes the USD/JPY vulnerable to a short squeeze. Watch the key […]
The post USD/JPY Technical: Mean Reversion Rebound in Progress Within a Medium-Term Downtrend appeared first on Action Forex.
Gold prices soared to a new all-time high, with the troy ounce surpassing 2614 USD. This surge is primarily driven by expectations of additional interest rate cuts and ongoing geopolitical tensions, which enhance gold’s appeal Read more…
AUDJPY pauses recovery phase around 50-day SMA Risk skewed to the upside; major resistance near 100 RBA policy announcement due on Tuesday at 04:30 GMT AUDJPY has been pushing for a close above its 50-day Read more…
The Australian dollar has started the week with gains. AUD/USD touched a high of 0.6850, its highest level this year. In the North American session, the Australian dollar is trading at 0.6842, up 0.51% on Read more…