USDJPY recouped its latest pullback after finding strong support around the 141.50 level and near the 50-day simple moving average (SMA). The focus is now again on the 143.35 ceiling as investors are eagerly waiting for the US CPI inflation report to generate some extra volatility on Thursday at 12:30 GMT. There have been no successful […]
The post USDJPY Fights August’s Bar Again appeared first on Action Forex.
In an interview with Helsingin Sanomat, ECB Vice President Luis de Guindos acknowledged the shifting priorities of the ECB as inflation continues to decline. Inflation is expected to return to the medium-term target of 2% Read more…
Daily Pivots: (S1) 193.16; (P) 193.89; (R1) 194.51; More… No change in GBP/JPY’s outlook and intraday bias stays on the downside. Corrective rise from 180.00 could have completed with three waves up to 199.79. Deeper Read more…
Daily Pivots: (S1) 161.17; (P) 161.64; (R1) 162.30; More…. Further decline is expected in EUR/JPY with 163.19 support turned resistance intact. Corrective rebound from 154.40 could have completed with three waves up to 166.67. Deeper Read more…