USD/JPY: On the H4 chart, price has pushed through very strongly through the 1st support at 142.574 where the 78.6% Fibonacci line lies. Price has tapped and tried to break through the 1st resistance multiple times at 144.952 where the 23.6% Fibonacci line lies. Looking for price to possibly reflect back down from the 1st […]
The post Technical Outlook and Review appeared first on Action Forex.
Market Picture Market capitalisation has fallen 2% in the last 24 hours to $3.30 trillion. Bitcoin, stuck near past highs, quickly spoiled the market’s mood, triggering a local profit correction after the rally. An active Read more…
In focus today In the US, a range of data is due for release in the afternoon. April retail sales will provide the first hard data evidence on how consumer behaviour has reacted to higher Read more…
Markets There were very few eco data to guide global trading yesterday. (US) equities took a breather. Details on US trade agreements with the likes China and the UK still have to be hammered out. Read more…