The USDJPY keeps positive tone on Wednesday after bounce by nearly 0.9% on Tuesday revived bulls and generated initial signal of formation of reversal pattern on daily chart, with the notion being supported by strong downside rejection at daily cloud base and a bear-trap at Fibo support at 131.30 (61.8% of 127.22/137.90). Fresh advance cracks […]
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EUR/USD climbed to 1.0504 on Wednesday, nearing its monthly high of 1.0528. The pair gained momentum following positive news from Germany, fuelling market optimism. Key factors driving EUR/USD Reports have emerged suggesting that Germany is Read more…
USD/JPY retains support around 149.00 after slide to four-month low. Trend signals are negative, but a pause might be possible in short term. USDJPY slid to a four-month low of 148.59 on Tuesday but managed Read more…
The Australian dollar has declined by 0.37% on Wednesday and is trading at 0.6320 in the European session. AUD/USD is down for a fourth consecutive trading day and has lost 1.2% during that time. January Read more…