GBPJPY had been slowly gaining ground in the past three weeks, trading above its 50-day simple moving average (SMA) and recording continuous higher highs. However, in the past two sessions the pair has come under significant downside pressure, with its slump coming to a halt for now at the lower Bollinger band. The momentum indicators […]
The post GBPJPY Drops Sharply Erasing Recent Advance appeared first on Action Forex.
The market exuberance that erupted after the Nov. 5 election is still going strong, even if the some of biggest stocks seemed to lose a step or two. Nvidia (NVDA) reported great earnings on Wednesday, Read more…
EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key Read more…
USD//JPY stayed in consolidation below 156.74 last week. and initial bias stays neutral this week first. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of 139.57 to 156.74 at 150.18. Read more…