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 weekly support
Technical levels: support – 1.3240, 1.3200; resistance – 1.3340.
- Buy — 1.3240; SL — 1.3220; TP1 — 1.3340; TP2 — 1.3380.
Reason: bullish Ichimoku Cloud, but falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen with a horizontal lines; the market fell to support of weekly Cloud and may bounced to Tenkan-sen and Kijun-sen.
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.