GBPJPY came under renewed selling pressure on Thursday but encouragingly it quickly managed to recover its flash drop to 161.26, closing neutral above the ascending trendline once again. In addition to the above, Thursday’s candlestick reminds of a bullish dragonfly doji candlestick, which is a signal of a possible upside reversal, though whether the price […]
The post GBPJPY Battling to Keep its Feet Above Trendline appeared first on Action Forex.
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Discover our Weekly Market Outlook, exploring themes and events that forged financial flows throughout the week. This week saw the commencement of large wartime impacts on volatility. With the FOMC coming up, it’s not easy Read more…
Gold (XAU/USD) is under pressure, sliding this week as its safe haven appeal was overshadowed by a strengthening US dollar. Rate cut bets were slashed significantly due to fears over the Middle East conflict’s impact Read more…