The USDJPY is gaining traction on Wednesday as Tuesday’s hammer candle, left after rising daily Tenkan-sen (137.36) contained dips, signaling that pullback from new 24-year high (139.39) might be over. Fresh bullish momentum on daily chart adds to overall positive technical studies and support the action, which looks for renewed attempt at recent top at […]
The post USD/JPY: Hammer Candle Suggest that Correction Might be Over appeared first on Action Forex.
Key Highlights EUR/USD extended losses and traded below 1.1480. A key bearish trend line is forming with resistance at 1.1550 on the 4-hour chart. GBP/USD also declined further and traded below 1.3320. Crude oil prices Read more…
China’s economic activity showed a stronger-than-expected start to 2026, with key indicators rebounding in the January–February period. Industrial production rose 6.3% yoy, well above market expectations of 5.1%. Retail sales increased 2.8% yoy, also beating Read more…
Gold slipped back below 5,000 psychological level in Asian trading today, and the decline reveals an unusual dynamic dominating markets in 2026: escalating war is failing to lift Gold. Despite intensifying conflict involving the U.S., Read more…