Tuesday, 4 May 2021

USD/JPY Rate Recovery Removes Threat of Head-and-Shoulders Formation

The recent recovery in USD/JPY removes the threat of a head-and-shoulders formation as the exchange rate breaks above the left shoulder.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...