Traders will turn their attention to US inflation data, the BOJ meeting, and US Yields to look for the next direction in USD/JPY. It seems almost all but clear that the FOMC will hike 50bps when it meets on Wednesday, May 4th. Last week, Fed Chairman Powell noted that a 50bps increase will be “on […]
The post Currency Pair of the Week: USD/JPY appeared first on Action Forex.
USD/JPY’s up trend from 139.87 resumed by breaking through 159.44 last week. Initial bias remains on the upside this week for retesting 161.94 high first. Firm break there will confirm larger up trend resumption and Read more…
After initial rebound, GBP/USD’s fall from 1.3867 resumed by breaking through 1.3252. Initial bias remains on the downside this week for 1.3008 structural support. Firm break there will carry larger bearish implication and target 1.2524 Read more…
USD/CHF’s rally from 0.7603 extended higher last week. The strong break of 55 D EMA (now at 0.7817) suggests that it’s already corrective whole down trend from 0.9200. Initial bias is on the upside this Read more…