The USDJPY extends range trading into third consecutive week, as Doji candles in past two weeks signal strong indecision. Repeated weekly upside rejection points to strong headwinds that bulls face, but the downside was so far well protected by Fibo support at 134.49 (23.6% of 126.36/137.00) where a higher base is forming. The dollar remains […]
The post USD/JPY Outlook: Larger Bulls Likely to Resume after Extended Consolidation appeared first on Action Forex.
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Daily Pivots: (S1) 148.63; (P) 149.97; (R1) 150.83; More… USD/JPY’s fall from 158.86 resumed after brief consolidations and intraday bias is back on the downside. This decline is as the third leg of the corrective Read more…
Dollar fell broadly today, an unusual development in contrast to recent rallies on escalating trade tensions and tariff announcements. Market sentiment soured as traders began to weigh the risks of a “Trumpcession,” a new term Read more…