Daily Pivots: (S1) 156.31; (P) 157.47; (R1) 158.15; More…. Intraday bias in EUR/JPY remains on the downside as fall from 163.86 is extending lower. Retest of 154.40 low should be seen first. Firm break there will resume whole decline from 175.41 to 153.15 support. On the upside, above 158.62 minor resistance will turn intraday bias […]
The post EUR/JPY Daily Outlook appeared first on Action Forex.
Fed Chair Jerome Powell conveyed in a speech overnight that the central bank sees no immediate need to reduce interest rates quickly. He added that with an “appropriate recalibration” of monetary policy, Fed believes it Read more…
USD/CHF is facing resistance at the 0.8900 handle after breaking above the 200-day MA. The US Dollar Index (DXY) is also at multi-month resistance, raising questions about a potential pullback. The Swiss Franc’s recent weakness Read more…
GBPUSD reversed from strong support level 1.2665 Likely to rise to resistance level 1.2840 GBPUSD currency pair recently reversed up from the strong support level 1.2665 (former monthly low from August), standing close to the Read more…