GBPUSD pauses upturn from seven-month low Short-term signals are improving but threats exist GBPUSD has been stagnant around the 1.2235 barrier for two days, hindered by the 20-day simple moving average (SMA) and the resistance line from July. Encouragingly, the technical indicators keep pointing upwards, with the RSI further distancing itself from its 30 oversold region […]
The post GBPUSD Retains Upswing But Needs More Backing appeared first on Action Forex.
USD/JPY rose to 159.29 on Friday, marking one of the weakest levels for the Japanese yen since July 2024. The yen’s decline is heightening market concerns about possible intervention by authorities in the foreign exchange Read more…
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The short-term Elliott Wave outlook for USDJPY indicates that the cycle from the January 28, 2026 low remains in progress, unfolding as an impulsive structure. From that low, wave (1) concluded at 157.72, followed by Read more…