European shares fell on Monday as rising COVID-19 infection rates in Europe prompted renewed lockdown measures in some countries, casting doubt over the economic recovery, with a lack of U.S. stimulus also weighing on sentiment.
GBP/USD: 'Thorn' led to current consolidation
The last 'Thorn' pattern led to the current consolidation. It's likely that the market is going to test the closest resistance at 1.3157 - 1.3172. This area could be a starting point for a decline towards the nearest support at 1.3132 - 1.3101.
The market is consolidating under the Moving Averages. The main intraday target is the next support at 1.3101 - 1.3081. If a pullback from these levels forms next, we're likely going to have a bullish price movement towards another resistance at 1.3157 - 1.3172.
The U.S. Commerce Department said it will issue an order Friday that will bar people in the United States from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok starting on September 20.
US stock markets tumbled at the opening on Thursday as the Federal Reserve's warnings about a slow recovery from the pandemic.
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.