EURJPY is close to breaking above the previous high on June 1, 2021 at 134.12. A break above that level should create a bullish sequence from May 2020 low favoring further upside. Near term, cycle from March 7, 2022 low is in progress as a 5 waves impulse Elliott Wave structure. Up from March 7, […]
The post Elliott Wave View: EURJPY Starts New Bullish Cycle appeared first on Action Forex.
Tokyo’s November CPI data pointed to resurgence of inflation pressures in Japan, raising expectations for BoJ to tighten policy further. Tokyo Core CPI, excluding food, climbed from 1.8% yoy to 2.2% yoy, beating expectations of Read more…
Headlines on Thursday revealed that Israel may have violated the recent Gaza ceasefire just one day after it began, with reports of tactical military actions targeting areas not included in the agreement. Meanwhile, OPEC+ postponed Read more…
The shift to a more services-based economy increases economy-wide depreciation rates, and so the need to invest. Higher average interest rates – and economy-wide profit shares – are among the likely results. An important reason Read more…