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Coronavirus cases surge in Europe

Coronavirus cases surge in Europe

Information is not investment advice

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Ichimoku Kinko Hyo

CHF/JPY: The CHF/JPY pair is trading within the cloud. An upward wave would push the market to exit the Kumo, confirming a bullish scenario.

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US Market View

The jobless claims of individuals in the United States unexpectedly rose above 1 million in the previous week.

In some countries within Europe, such as Spain and Germany we observe record highest daily coronavirus infection rate since last April as the cases in Europe are surging.

US Key Point

  • The jobless claims of individuals in the United States unexpectedly rose.
  • Coronavirus cases surge in Europe.

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USD/JPY: target for selling

The resistance line is limiting USD/JPY on the upside and, unless the pair tries for a breakout (which anyway will meet resistance at 106.50 and 106.80), the easiest path for it will be to go down.

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