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.
USD/JPY: pullback from the 'Window'
2019-11-11 • Updated
There's a pullback from the 'Window', so the price is likely going to test the nearest Moving Averages. A pullback from these lines could be a starting point for another decline.
We've got a bullish 'Engulfing', so we're going to have an upward correction. Meanwhile, if a pullback from the 34 or 55 Moving Average happens little later on, there'll be a moment to wave a decline towards the next support area.
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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