GBP/USD’s up trend resumed by breaking through 1.3442 resistance last week. Initial bias remains on the upside this week for 61.8% projection of 1.2706 to 1.3442 from 1.3138 at 1.3593, and then 100% projection at 1.3874. On the downside, below […]
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USD/JPY’s extended decline last week suggests that rebound from 139.87 has already completed at a corrective move to 148.64. Initial bias remains on the downside tis week for retesting 139.87 low. On the upside, above 144.31 minor resistance will turn
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EUR/USD’s extended rally last week suggests that corrective fall from 1.1572 has already completed at 1.1064. Initial bias stays on the upside this week for retesting 1.1572 first. Firm break there will resume larger up trend to 61.8% projection of
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Trade war roared back into focus late last week, derailing fragile market sentiment already strained by concerns over the ballooning US deficit. The catalyst came in the form of a sharp threat from US President Donald Trump on European Union
Tariff Truce Wobbles at Halfway Mark; Risk Sentiment Falters on Renewed Threats Read More »
EUR/AUD’s recovery from 1.7245 extended higher last week but failed to break through 1.7628 resistance. Initial bias remains neutral this week first. On the upside, firm break of 1.7628 resistance will suggest that fall from 1.8554 as completed as a
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Monday, May 26, 2025 Tuesday, May 27, 2025 Wednesday, May 28, 2025 Thursday, May 29, 2025 Friday, May 30, 2025 The post Summary 5/26 – 5/30 appeared first on Action Forex. Source link ActionForex.com
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Daily Pivots: (S1) 143.08; (P) 143.75; (R1) 144.68; More… USD/JPY’s fall from 148.64 resumed after brief recovery. Intraday bias is back on the downside for retesting 139.87 low. On the upside, above 144.31 minor resistance will turn intraday bias neutral
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ECB Chief Economist Philip Lane expressed confidence that services inflation will continue to moderate, citing subdued outcomes in recent wage agreements. Speaking at a lecture, Lane noted that the current wage settlements for 2025 are already “quite low,” with those
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Daily Pivots: (S1) 192.23; (P) 192.91; (R1) 193.93; More… Intraday bias in GBP/JPY remains neutral at this point. While deeper pullback might be seen, further rally is expected as long as 190.22 structural support holds. On the upside, above 194.18
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