USD/JPY extends rally as Middle East conflict adds to Yen weakness fxstreet.com
USD/JPY rose about 0.15% on Tuesday, pushing close to 157.60 as the pair continued to grind higher following last week’s sharp rally.
USD/JPY rose about 0.15% on Tuesday, pushing close to 157.60 as the pair continued to grind higher following last week’s sharp rally.
The (USDCAD) price declined in its last intraday trading, reaching EMA50’s resistance, which put it under negative pressure, besides the emergence of negative overlapping signals from relative strength indicators, after reaching exaggerated overbought conditions compared to the price move, intensifying the negative pressure and reducing the chances of its recovery on near-term basis.
The EUR/USD exchange rate tumbled this week as the US dollar rose amid the ongoing crisis in the Middle East.
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*Investment involves risk. You may use the information, strategies and trading signals on this website for academic and reference purposes at your own discretion. 1uptick cannot and does not guarantee that any current or future buy or sell comments and messages posted on this website/app will be profitable. Past performance is not necessarily indicative of future performance. It is impossible for 1uptick to make such guarantees and users should not make such assumptions. Readers should seek independent professional advice before executing a transaction. 1uptick will not solicit any subscribers or visitors to execute any transactions, and you are responsible for all executed transactions.
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