The USDJPY remains constructive and edges higher on Wednesday, following weak Japanese data overnight and a bear trap under Fibo support at 131.51 (61.8% of 129.50/134.77). Wednesday’s action, however, is rather quiet, as markets await stronger signals from US inflation data, due on Thursday, with flat momentum on daily chart, contributing to current mode. Fresh […]
The post USD/JPY: Slight Bullish Bias Seen ahead of Key US Inflation Report appeared first on Action Forex.
Daily Pivots: (S1) 211.83; (P) 212.16; (R1) 212.71; More… Intraday bias in GBP/JPY stays neutral first. Outlook is unchanged that rebound from 207.20 could have completed with three waves up to 213.28. Below 210.78 will Read more…
Daily Pivots: (S1) 183.02; (P) 183.30; (R1) 183.77; More… Intraday bias in EUR/JPY stays neutral for the moment. On the downside, below 181.85 will target 180.78 support. Decisive break there will indicate that fall from Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal The imagery of the vine-covered walls, Read more…