USD/JPY: A Possible Reversal Elliott Wave Pattern Requires a Catalyst If you watched our FACE show yesterday, June 26th, you would have heard Blake and me discussing USD/JPY. As you
Asian currencies generally weakened on Wednesday as traders favored the dollar ahead of crucial U.S. inflation data. This shift pushed the Japanese yen close to intervention levels previously seen in
DXY (US Dollar Index) Potential Direction: BullishOverall Momentum: BearishPrice Action: Potential bullish bounce off pivot towards 1st resistance EUR/USD Potential Direction: BearishOverall Momentum: BearishPrice Action: Potential bearish reaction off pivot
DXY (US Dollar Index) Potential Direction: BullishOverall Momentum: BearishPrice Action: Potential bullish bounce off pivot towards 1st resistance EUR/USD Potential Direction: BearishOverall Momentum: BearishPrice Action: Potential bearish reaction off pivot
In the Asian trading session, the US Dollar appreciated against the Japanese Yen, trading above the 157.000 level. Market Context: Earlier today, Japan released its Q1 2024 GDP data, which
DXY (US Dollar Index): Potential Direction: Bearish Overall momentum of the chart: Bearish Price could potentially make a bearish reaction off pivot and drop to 1st support. Pivot: 105.57 Supporting
In Asian trading, the US Dollar slipped against the Japanese Yen, with the exchange rate dipping below the 156.000 level. This movement comes as investors anticipate the release of Initial
DXY (US Dollar Index): Potential Direction: Bullish Overall momentum of the chart: Bearish Price could potentially make a bullish bounce off pivot and head towards 1st resistance. Pivot: 104.05 Supporting
In today's early trading hours within Asian markets, the US Dollar gained strength against the Japanese Yen, surpassing the 155.000 level. This uptick occurs in a quiet data environment, with
DXY (US Dollar Index): Potential Direction: Bearish Overall momentum of the chart: Bearish Factors contributing to the momentum is that price is: In a bearish descending channel Price could potentially