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 testing SSB’s resistance
Technical levels: support – 1.3310; resistance – 1.3400.
- Sell — 1.3390; SL — 1.3410; TP1 — 1.3310; TP2 — 1.3280.
Reason: narrow bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with a rising lines; the market keep staying inside a Cloud, but there is a strong resistance of Senkou Span B on 1.4000.
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.
Bank of England Governor Andrew Bailey delivered a speech today. Let’s discuss what it means for a trader.
Gold has started a remarkable downside correction and stands on the key 23.6% retracement area after a failure to hold the 38.2% retracement area.