GBP/JPY’s rise from 148.93 resumed last week and initial bias stays on the upside this week for 169.10 resistance. Firm break there will confirm larger up trend resumption. Next near term target is 61.8% projection Read more…
EUR/JPY’s rise from 137.32 resumed and extended higher last week. Initial bias stays on the downside this week for retesting 145.62 high first. Decisive break there will confirm up trend resumption. Next target is 100% Read more…
EUR/GBP dropped to 0.8607 last week but recovered since then. Initial bias is turned neutral this week first, but further decline is expected with 0.8869 resistance intact. Break of 0.8607 will target 61.8% projection of Read more…
EUR/AUD’s rise from 1.4281 extended higher last week despite some loss of upside momentum. Initial bias is on the upside this week for 161.8% projection of 1.4281 to 1.4965 from 1.4716 at 1.5823. On the Read more…
EUR/CHF rebounded after retreating to 0.9641 last week, but upside stays below 0.9798 resistance. Initial bias remains neutral this week first. On the upside, break of 0.9798 will target 61.8% projection of 0.9407 to 0.9798 Read more…
Meta Platforms CEO Mark Zuckerberg acknowledges that he ‘sort of missed’ some things in the social media sphere and calls TikTok ‘a very effective competitor.’ Mark Zuckerberg is beginning to see the light. The Meta Read more…
Price is not the only factor when you look at overall value and that makes finding the best deal on a cruise challenging. The pandemic made passengers wary of taking a cruise. That may not Read more…
There were so many important headlines last week. USD/JPY surged to new 32-year high with support from stronger than expected CPI, and as 10-year yield broke 4% handle. Japan maintained their stance that they will Read more…
Monday, Oct 17, 2022 Tuesday, Oct 18, 2022 Wednesday, Oct 19, 2022 Thursday, Oct 20, 2022 Friday, Oct 21, 2022 The post Summary 10/17 – 10/21 appeared first on Action Forex.
Where do we go from here? Just as were hoping inflation may be cooling off a bit, the US CPI and inflation components of the Michigan Consumer Sentiment Index came in hotter than expected. This Read more…