Google is going up. When are we to expect full recovery? This short technical analysis will give you some clues where to look at.
USD/JPY on its way to test a key demand area
The USD/JPY pair is plummeting across the board after having strong resistance at the 107.28 level. Such move is helping to consolidate to the spot below the 200 SMA at H1 chart and it’s trying to gather momentum around the 61.8% Fibonacci zone. If a rebound happens over there, we can expect a rally to test the Fibonacci area of -23.6% at 107.77, while a breakout below 105.95 should expose the 105.68 level.
RSI indicator remains in the negative territory, close to the oversold area.
While biotech companies are struggling to find the vaccine, investors make bets who’ll win this race.
There are many things happening in the UK. What is the strategic outlook for the GBP?
The Australian dollar set a strong upward trend over a month. Will AUD loose its gains soon?