Bears tightened grip on Tuesday after being congested in past three days, sending the pair to five-week low and signaling an extension of corrective pullback from new 20-year high (131.34). Profit-taking after strong bullish acceleration in past two months (the pair was up 13% in Mar/Apr) contributed to the recent easing, also signaled by a […]
The post USD/JPY: Bears Resume after a Brief Pause, Eye Key Supports at 125 Zone 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…