FX Watch: USD/JPY’s Potential Reversal In Case Of A Strong U.S. GDP Release
USD/JPY has been trading lower since mid-August when the pair turned lower from the 149.50 levels. Is the pair ready to reverse its downtrend?
USD/JPY has been trading lower since mid-August when the pair turned lower from the 149.50 levels. Is the pair ready to reverse its downtrend?
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The USDJPY has completed an up-and-down lap that took the pair from the close on Friday Feb 7 at 151.39 to a high last week at 154.79 and back down to the 151.39 level. The price is stalling at a swing area between 151.20 to 151.40 which is ahead of the double bottom from the…
Week Ahead: New Year, Same Problems | Orbex XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
The 123 pattern isn’t some secret formula it’s a basic price structure that shows up repeatedly across all markets. Point 1 marks the extreme of the current move, whether that’s a swing high in an uptrend or a swing low in a downtrend. Point 2 forms when price pulls back from that extreme. Point 3…
Recent trading sessions have been nothing short of wild roller coaster rides. Stock Markets reached new cycle lows on Friday and in the overnight Futures session, driven by fears of an escalation as the rhetoric seemed to intensify. But that wasn’t without counting another Trump yo-yo, as he surprised Markets with the announcement of potential…
Investing.com – The US dollar rose Friday, heading towards its best week in a month, as traders scaled back expectations for aggressive US policy easing next year, while weak growth data weighed on sterling. At 05:00 ET (10:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1%…