Commodities outlook: oil and gold
What are the projections for the oil and gold prices? Let's discover that in the review for commodities.
GBP/JPY may be forming correction
Information is not investment advice
GBP/JPY has been testing the support at 136.60. A break below this level will provoke a decline to 135.90. However, it seems like the correction has been forming. On the daily chart, MACD and Stochastic Oscillator have formed a bullish divergence with the chart. RSI (8) is in the oversold area. It means that the recovery may happen soon. If the pair sticks above 136.60, odds of the rise towards 138.14 will increase. If the pair falls below 136.60, the rebound may occur from 135.90.
Darya Bobrova
Similar
Forex majors: short-term and long-term
Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.
CAD strengthened after oil surged
Oil prices surged Wednesday, with a sharp fall in US crude stockpiles adding to increased optimism the reopening drives in Europe and the US will boost overall fuel demand.
Popular
Indices are at record highs
In this article, you'll find the overview of stock indices and tech analysis of S&P 500.
Commodities outlook: oil and gold
What are the projections for the oil and gold prices? Let's discover that in the review for commodities.
NFP Cheat sheet. How not to miss good trades?
Non-farm payrolls will come out on Friday at 15:30 MT (GMT+3). Let's get ready together!
Choose your payment system
