Key Highlights USD/JPY failed to surpass the 116.40 resistance and corrected lower. It traded below a major bullish trend line with support near 115.25 on the 4-hours chart. EUR/USD is still struggling to clear the 1.1400 resistance. GBP/USD eyes more upsides above 1.3620. USD/JPY Technical Analysis The US Dollar attempted a strong move above 116.00 […]
The post USD/JPY Starts Corrective Decrease, 114.20 Is The Key appeared first on Action Forex.
Markets Core bond yields yesterday staged a further (forceful) bear steepening heading into the Fed, BoC, BoE and ECB policy meetings scheduled today and tomorrow. Markets are growing ever more convinced that a prolonged stalemate Read more…
Daily Pivots: (S1) 1.1684; (P) 1.1706; (R1) 1.1735; More…. Intraday bias in EUR/USD remains neutral for the moment. Further rally is expected with 1.1662 support intact. On the upside, sustained trading above 61.8% retracement of Read more…
Daily Pivots: (S1) 159.12; (P) 159.45; (R1) 159.95; More… Intraday bias in USD/JPY remains neutral as consolidation continues below 160.45. Further rise is expected with 157.49 cluster support (38.2% retracement of 152.25 to 160.45 at Read more…