USD/JPY: On the H4 chart, price has reflected off the 2nd support at 140.363 and through 1st support at 142.574 where the 78.6% Fibonacci line is. Price could possibly continue this short term bullish move up towards the 1st resistance line where the 23.6% Fibonacci line lies. Areas of consideration: H4 time frame, 1st resistance […]
The post Technical Outlook and Review appeared first on Action Forex.
Key Highlights GBP/USD started a recovery wave above 1.3380. A major bearish trend line is forming with resistance at 1.3450 on the 4-hour chart. Crude oil prices saw heavy swing moves above the $80.00 pivot Read more…
Aussie’s broad-based strength continues today as markets further strengthened expectations that the RBA will deliver two consecutive rate hikes in the coming months. Investors are increasingly convinced that the RBA will raise the cash rate Read more…
While the often-repeated statistic that only one percent of New York City restaurants survive a year after opening is a long-running urban legend (the actual number is closer to 20%), the market in the city Read more…