USD/JPY flatlines near 154.25 support. Technical signals remain downbeat. US core PCE inflation index due at 13:30 GMT. USDJPY has held above the 154.25 floor for the fourth consecutive trading day despite Thursday’s downside pressures. However, this stability may not be enough to reignite buying interest. Bearish risks remain in play as the RSI continues […]
The post USD/JPY Holds Support, But Downside Risks Linger appeared first on Action Forex.
Daily Pivots: (S1) 1.0363; (P) 1.0415; (R1) 1.0445; More… No change in EUR/USD’s outlook and intraday bias stays neutral at this point. On the downside, break of 1.0371 support will indicate rejection by 38.2% retracement Read more…
Daily Pivots: (S1) 1.2391; (P) 1.2434; (R1) 1.2459; More… Intraday bias in GBP/USD remains neutral for the moment. Rebound from 1.2099 is seen as a corrective move. While another rise cannot be ruled out, strong Read more…
Daily Pivots: (S1) 153.59; (P) 154.48; (R1) 155.16; More… USD/JPY is staying in range above 153.70 and intraday bias remains neutral. On the downside, firm break of 153.70 will resume the fall from 158.86 to Read more…