Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
GBP/JPY: 34 Moving Average acted as resistance
Information is not investment advice
The 34 Moving Average has acted as resistance, so there's a bearish 'Thorn' pattern, which pushed the market lower. Also, we've got a bearish 'Flag', so the pair is likely going to test the nearest support at 137.34 - 136.43. If a pullback from this area happens next, bulls will probably try to reach the closest resistance at 138.13 - 139.42.
The Canadian employment change has been published together with the US PPI. Don't miss the best chance of this week!
Yellow metal has become the best performing asset during the coronavirus. Some analysts foresee it will reach $2 000.
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!