Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
GBP/JPY: 'Flag' pushing price higher
Information is not investment advice
The price has been rising since the last 'V-Bottom' formed, so all the Moving Averages turned out to be broken. Also, there's a bullish 'Flag', which is pushing the price higher. The main intraday target is the next resistance at 147.57. If a pullback from this level happens little later on, there'll be time for a downward correction, so we should watch the nearest support at 144.88 as a bearish target.
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!