USDJPY trims gains, falls below steep bullish channel New sellers could show up below 153.00-153.55 USDJPY came under pressure early on Thursday, trimming Wednesday’s moderate gains and putting its two-month-old bullish channel at risk once again. The technical signals are not providing clear direction, with the falling RSI maintaining a sideways trajectory above its 50 […]
The post USDJPY Shows Some Stress; Still in Uptrend appeared first on Action Forex.
Richmond Fed President Tom Barkin told the Financial Times he would not “prejudge” the rate decision at the December meeting. He acknowledged the dual challenges of elevated inflation and labor market strains. “If you’ve got Read more…
Greek ECB Governing Council member Yannis Stournaras expressed strong support for further monetary easing, suggesting a rate cut at every meeting moving forward until the policy rate reaches the “neutral rate,” estimated at around 2%. Read more…
EUR/USD remains biased lower as near term action stays within extended consolidation range above 13-month low (1.0495), with the upside being capped by solid barriers at 1.0600 zone (former low of Apr 16 / Fibo Read more…