Last week, the Bank of Japan surprised markets and adjusted its Yield Curve Control policy, which many traders took as a sign that this could be the beginning of the end of Quantitative Easing for the BOJ. As a result, Yen pairs tumbled, with USD/JPY dropping over 500 pips! This week will be light in […]
The post Week Ahead: Watch for Potential Volatility Heading into End of Year appeared first on Action Forex.
EUR/USD stayed in range below 1.1848 last week and outlook is unchanged. Initial bias remains neutral, and further rise is expected with 1.1642 support intact. On the upside, firm break of 1.1848 will target 1.2081 Read more…
USD/JPY dipped to 155.01 last week but recovered since then. Initial bias stays neutral this week first. On the downside, break of 155.01 will resume the fall from 160.71 to 152.25 support next. On the Read more…
GBP/USD stayed in range trading below 1.3657 last week and outlook is unchanged. Initial bias remains neutral for consolidations, and further rise is expected with 1.3453 support intact. On the upside, break of 1.3657 will Read more…