Key Highlights USD/JPY climbed higher above the 150.50 and 151.20 resistance levels. A major bullish trend line is forming with support at 150.60 on the 4-hour chart. EUR/USD could gain bearish momentum below 1.0820. Crude oil prices are accelerating above the $82.50 resistance zone. USD/JPY Technical Analysis The US Dollar climbed further higher above the […]
The post USD/JPY Could Consolidate Before Fresh Increase appeared first on Action Forex.
USD/JPY extended its rally to hit 159.60 key long-term resistance (also the April 1990 secular swing high). Today’s Asian session’s swift upmove in USD/JPY has led to an increase in its volatility condition which increases Read more…
EURUSD rebounds from a five-month bottom But oscillators suggest that the bears retain control EURUSD came under severe selling pressure in the aftermath of a hotter-than-expected inflation report on April 10, posting a fresh 2024 low of Read more…
US 500 index is edging higher, a tad below the 50-day SMA Bulls are feeling more confident following strong tech earnings Momentum indicators are mixed at this stage The US 500 cash index is trying to Read more…