USD/JPY: The pair is now trading within the cloud. Any decisive movement to the south will lead USD/JPY to exit the Kumo, confirming the bearish scenario.
Daily Market Analysis
ER/JPY: The EUR/JPY pair is now testing the upper level of the cloud. A successful attempt to exit the Kumo will signal a new bullish sentiment.
The pair slumped to levels unseen since January. What’s next?
What are the reasons for its rally?
GBP/JPY: the pair is now trading slightly above the Kijun Sen. A failed attempt to move higher will lead GBP/JPY below the Kijun Sen.
AUD/USD is now poised to test the hurdle at 0.72045
GBP/USD is now gyrating the daily pivot point at 1.3308
The Japanese yen outperformed the US dollar. Here’s fresh trading ideas for the pair.
After an epic fall recently, the gold price is in correction mode. What is the long-term technical outlook?
What are the forecasts for the oil market? Is there any hope of a recovery?
The British pound keeps rallying for the second day, despite the overall sell-off on the market. What are the reasons?
European stock markets traded lower Friday, with travel stocks weighing after Britain added more countries to its quarantine list while Chinese data suggested a slow economic recovery.