Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
GBP/JPY: market moving sideways
Information is not investment advice
The market is still moving sideways. There's a 'Flag' pattern, which led to forming a new local low. Also, we've got a 'V-Bottom', so it's likely that the pair is going to test the closest resistance at 148.56 - 148.86. The subsequent pullback from this area could be a starting point for another decline towards the next support at 144.13 - 143.71 by the lower side of a possible 'Triangle'.
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!