GBPJPY has been stuck in a prolonged uptrend since the beginning of the year, generating a structure of consecutive multi-year highs. In the near-term, the price managed to jump above the restrictive trendline that held strong since January, triggering a strong advance towards a fresh 7½-year peak in today’s session. The momentum indicators currently suggest […]
The post GBPJPY Explodes to Fresh 7½-Year Highs appeared first on Action Forex.
Yen’s recovery gained some momentum today on as speculation over an imminent BoJ rate hike. Governor Kazuo Ueda reinforced Deputy Governor Ryozo Himino’s earlier comments, suggesting that next week’s policy meeting could bring a shift Read more…
Daily Pivots: (S1) 157.33; (P) 157.76; (R1) 158.41; More… Intraday bias in USD/JPY remains neutral for the moment as sideway trading continues. Further rally is in favor as long as 156.0 support holds. On the Read more…
UK CPI slowed from 2.6% yoy to 2.5% yoy in December, below expectation of 2.7% yoy. Core CPI slowed from 3.5% yoy to 3.2% yoy, below expectation of 3.4% yoy. CPI goods annual rate rose Read more…