The Japanese yen finds support as August’s CPI hits an eight-year high. The trajectory remains up from the daily chart’s perspective and the latest pullback could be an opportunity to accumulate. A rally back above 137.40 at the start of the liquidation in late July is an encouraging sign that buyers are still in the […]
The post USD/JPY Seeks Support appeared first on Action Forex.
Markets The oil price (Brent) hovered around the $90/mark yesterday following Monday’s wild swings. Talk that the US navy escorted an oil tanker through the Strait of Hormuz was later denied by the White House. Read more…
Key takeaways Bullish technical breakout: The AUD/USD has finally broken above the 0.7140 major resistance—a level tested multiple times since 2022—reaching a 52-week high near 0.7185, signalling the start of a fresh bullish impulsive uptrend. Read more…
Oil prices reversed their Asian session gains again yesterday, pulling US crude all the way down to the $76pb mark as the International Energy Agency (IEA) announced that it could release a record amount of Read more…