RBA Expected to Hold Rates, Then What? – Orbex Forex Trading Blog

USD/JPY edged higher to 153.87 last week but failed to sustain above 61.8% retracement of 161.94 to 139.57 at 153.39 and retreated. Initial bias remains neutral this week for more consolidations. Further rally is expected as long as 55 D EMA (now at 148.96) holds. Sustained trading above 153.39 will pave the way to retest…

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EUR/USD is climbing higher above 1.1520 and 1.1540. USD/JPY managed to reclaim 154.00 and might aim for more gains. Important Takeaways for EUR/USD and USD/JPY Analysis Today · The Euro started a decent increase above the 1.1520 pivot level. · There is a key bullish trend line forming with support near 1.1570 on the hourly…

Indices Slide Ahead of CPI Data! – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link