Last Friday, 27 Oct price actions of the USD/JPY led to the formation of a weekly bearish reversal “Shooting Star” candlestick right at a key resistance zone of 150.30/150.90. Medium-term momentum has turned lacklustre as indicated by the bearish divergence condition seen in the daily RSI. Watch the potential downside trigger level of 149.30 (20-day […]
The post USD/JPY Technical: Bearish Elements Sighted at Key Resistance Zone appeared first on Action Forex.
EUR/USD stayed in range below 1.1848 last week and outlook is unchanged. Initial bias remains neutral, and further rise is expected with 1.1642 support intact. On the upside, firm break of 1.1848 will target 1.2081 Read more…
USD/JPY dipped to 155.01 last week but recovered since then. Initial bias stays neutral this week first. On the downside, break of 155.01 will resume the fall from 160.71 to 152.25 support next. On the Read more…
GBP/USD stayed in range trading below 1.3657 last week and outlook is unchanged. Initial bias remains neutral for consolidations, and further rise is expected with 1.3453 support intact. On the upside, break of 1.3657 will Read more…