GBPJPY is mirroring fading buying interest as negative momentum escalated on Thursday, confirming a lower high at 167.82. Similarly, the RSI seems to be following a negative trajectory after failing to reach its previous high, while the negative turn in the Stochastics and the MACD is also reflecting some discomfort among traders. Optimism, however, has […]
The post GBPJPY Bullish Trend Dims; 20-SMA in Focus appeared first on Action Forex.
Germany’s GfK Consumer Climate for May fell sharply from -28.1 to -33.3, marking its lowest level since February 2023 and signaling further deterioration in household sentiment. The decline reflects mounting pressure on consumers as inflation Read more…
Daily Pivots: (S1) 159.13; (P) 159.49; (R1) 159.73; More… Range trading continues in USD/JPY and intraday bias remains neutral for the moment. Further rise is expected with 157.49 cluster support (38.2% retracement of 152.25 to Read more…
Daily Pivots: (S1) 0.7837; (P) 0.7858; (R1) 0.7870; More…. Intraday bias in USD/CHF remains neutral for the moment. Further decline is expected as long as 0.7933 resistance holds. On the downside, sustained break of 61.8% Read more…