We have outlooked several promising Forex pairs and the result can surprise you!
GBP/JPY has topped
Information is not investment advice
GBP/JPY formed a “shooting star doji” candlestick on the W1. This is a bearish sign. On the D1, the pair ran into the resistance of the 100-day MA (now at 134.50) and turned lower. On the H4, it has recently formed a lower high. The decline below this week’s lows around 133.30 may lead the pound down to the 50-day MA at 131.40. On the way down, there may be some support at 132.35 (38.2% Fibo of the September advance).
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!