Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
GBP/JPY: 'Double Top' led to decline
Information is not investment advice
The market has been declining since the last 'Double Top' formed. Also, there's a bearish 'Pennant' pattern, so it's likely that the market is going to reach the next support at 140.61 in the coming hours. The subsequent pullback from this level could lead to an upward correction towards the nearest resistance at 142.40 - 142.72.
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!