Global stocks barely budged on Friday as investors tightened positions with less than two weeks to go before the U.S. presidential election and awaited a breakthrough in stimulus talks in Washington.
NZD/JPY falling inside minor impulse wave C
2019-11-11 • Updated
- NZD/JPY falling inside minor impulse wave C
- Next sell target - 76.20
NZD/JPY continues to fall inside the minor impulse wave C, which started earlier from the resistance zone lying between the resistance level 78.50, upper daily Bollinger Band and the 50% Fibonacci correction level of the previous sharp downward impulse wave A from the end of January. NZD/JPY is likely to fall toward the next sell target at the next support level 76.20 (which stopped the previous waves (1) and A).
The pair is testing the key pivot level at 74.40
Differences continue to narrow in US stimulus talks but more work needs to be done. Pelosi and Mnuchin will speak again today, according to her aide.
GBP/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
The USD is trading at its 7-week low, and it looks like it will continue falling further. Why?
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