GBP/JPY retreated sharply after edging higher to 195.95 last week and initial bias is neutral this week first. On the upside, above 195.95 temporary top will extend the corrective rebound from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. However, firm break of 190.11 will argue that this correction might have completed, […]
The post GBP/JPY Weekly Outlook appeared first on Action Forex.
Unexpected developments from Asia significantly influenced global financial markets last week. China’s surprise stimulus measures invigorated investor sentiment, leading to substantial gains in Chinese and Hong Kong equities, as well as strengthening Chinese Yuan. This Read more…
EUR/USD edged higher to 1.1213 last week but quickly settled back in range. Initial bias remains neutral this week first. Further rally is expected as long as 1.1001 support holds. Above 1.1213 will resume the Read more…
USD/JPY reversed after edging higher to 146.48 last week. Initial bias now back on the downside this week for retesting 139.57. But strong support could be seen again from 139.26 fibonacci level to bring rebound. Read more…