Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/JPY making a rebound at a demand zone
2019-11-11 • Updated
GBP/JPY managed to make a rebound around the Fibonacci level of 65% at 150.29, which also coincides with the 200 SMA. Currently, the 50 SMA at H1 chart is capping further gains in the pair, but is the last hurdle ahead of the highs from April, where a breakout should happen in order to allow a rally towards the Fibonacci zone of -23.6% at 155.13. To the downside, if the pair plummets below the 200 SMA, then it can test the 148.37 level.
RSI indicator stays in the positive territory.
What happened? Japanese shares fell on Monday…
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!