NZD/JPY pair is trading Tenkan Sen and Kijun Sen level. An upward wave would lead the pair into higher ground, confirming the bullish scenario.
Daily Market Analysis
EUR/USD has tested the hurdle at 1.18431 in today's session
EUR/USD is gyrating the pivot point at 1.18078
Stock futures rose in the beginning of the week, setting stocks up to add to last week’s record levels as markets reacted to positive developments over the COVID19 treatment.
The market focus today will be on politics, with the attempt in the United States to get a new fiscal policy package and the relations with China.
USD/JPY is moving sideways between the pivot point at 105.708 and the resistance level at 106.26
Where is GBP/USD going? See the long-term and short-term technical layout for this important currency pair.
USD/CHF is now testing the key resistance at 0.91519
The advance of S&P500 came as shares of big tech stocks rallied and reflected the trend of the past months of this year in equity markets.
USD/JPY: The pair is now trading within the cloud. Any decisive movement to the south will lead USD/JPY to exit the Kumo, confirming the bearish scenario.
ER/JPY: The EUR/JPY pair is now testing the upper level of the cloud. A successful attempt to exit the Kumo will signal a new bullish sentiment.
GBP/JPY: the pair is now trading slightly above the Kijun Sen. A failed attempt to move higher will lead GBP/JPY below the Kijun Sen.