Key Highlights USD/JPY started a fresh increase from the 149.20 support. It broke a major bearish trend line with resistance near 150.00 on the 4-hour chart. EUR/USD recovered toward 1.0750 before it started a consolidation phase. Crude oil prices saw a major decline below the $80.00 support. USD/JPY Technical Analysis The US Dollar remained strong […]
The post USD/JPY Restarts Increase, But Can Bulls Clear This Hurdle? appeared first on Action Forex.
We expect the Federal Reserve to keep its monetary policy unchanged at the March meeting, in line with consensus and market pricing. Powell will avoid giving firm forward guidance regarding the Fed’s reaction to the Read more…
EUR/USD halts sharp pullback, rebounding from July lows. But momentum signals and ‘death cross’ keep bearish bias intact. EUR/USD pares losses at a seven-and-a-half-month low near 1.1450 EUR/USD is attempting to recover some lost ground Read more…
EUR/USD is recovering losses from 1.1500. USD/JPY is correcting gains from 159.00 and might decline further if it stays below 158.30. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro struggled to stay in Read more…