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: 'V-Top' pattern points to decline
There's a 'V-Top' pattern, so the pair is likely going to achieve the closest support at 1.3089 - 1.3047 in the coming hours. Nevertheless, if we have a pullback from these levels, bulls will probably try to reach the next resistance at 1.3181.
Bulls have been stopped by the last 'V-Top' pattern, so it's time for a downward correction. The main intraday target is the nearest support at 1.3047 - 1.3032. This area could be a departure point for another upward price movement towards 1.3149 - 1.3181.
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.
Gold is steadily plummeting for the third consecutive day. Where is the bottom? Let’s find out.
UK's Raab supports that virus restrictions are serious, proportionate
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.