Daily Pivots: (S1) 197.28; (P) 197.76; (R1) 198.45; More… GBP/JPY is still bounded in sideway trading below 199.79 and intraday bias stays neutral. Further rally is expected as long as 55 D EMA (now at 195.24) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained break of 55 D […]
The post GBP/JPY Daily Outlook appeared first on Action Forex.
EURUSD plunged to a six-month low of 1.0543 on Friday amid strong support for the US dollar following the US presidential election and recent comments from Federal Reserve officials. Federal Reserve Chair Jerome Powell’s recent Read more…
USDCAD snaps long-term range above 1.4000 Bulls may take a breather; overall outlook remains bullish USDCAD enjoyed a lovely session on Thursday, and it even found fresh buying interest to tick to a new four-year high of Read more…
Market Picture The cryptocurrency market continues to cool for the third day in a row, falling 1.7% in the last 24 hours to $2.92 trillion. This is a retest of the lower end of a Read more…