US stocks came down, this time with the USD as US yields found some resistance. But the main theme at the moment is JPY, which some sharp sell-off across the board following the latest BoJ policy remarks. »The bank will support financing, mainly of firms, and maintain stability in financial markets, and will not hesitate […]
The post Elliott Wave Analysis: USD/JPY Back to the Highs appeared first on Action Forex.
EUR/USD rebounded after initial dip to 1.1653 last week, but stayed in range below 1.1848. Initial bias remains neutral this week first. Rise from 1.1408 is extended to continue as long as 1.1642 support holds. Read more…
USD/JPY’s steep decline last week indicates medium term topping at 160.71, on bearish divergence condition in D MACD. But as a temporary low should be formed at 155.48, initial bias is turned neutral this week Read more…
GBP/USD’s rise from 1.3158 resumed last week but a temporary top should be formed after hitting 1.3657. Initial bias is turned neutral this week for consolidations first. Further rally is expected as long as 1.3453 Read more…