The NZD/JPY pair is now poised to exit the Kumo. If that happens, the currency pair will enter into a new bearish sentiment.
GBP/USD: pound still strong
Technical levels: support – 1.3060; resistance – 1.3170.
- Buy — 1.3060; SL — 1.3040; TP1 — 1.3170; TP2 — 1.3240.
Reason: bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are reached the main 4H’s resistance and may correct to Tenkan-sen or Kijun-sen before continuing uptrend.
Gold is steadily plummeting for the third consecutive day. Where is the bottom? Let’s find out.
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The dollar index was up late Tuesday afternoon in Asia, extending the 0.8% gain in the previous session, when COVID-19 fears and worries over the US Congress’ stimulus impasse drove a selloff across other assets.