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GBP/JPY: Moving Averages acted as support
Information is not investment advice
The Moving Averages have acted as support, so there's a bullish 'Thorn' pattern. In this case, the pair is likely going to test the nearest resistance at 147.80 - 148.56, which means we could have a new local high soon. If any bearish pattern forms next, there'll be time for a downward correction towards the closest support at 145.98.
Things in the economic world seem to be getting better. Is it better for the USD as well?
The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
AUD/USD broke through the most important daily moving averages, slipped below the support at 0.6830.
This time, the coronavirus has affected not only China but the whole market sentiment. Let’s figure out why this has happened.
On the H1, USD/JPY is recovering after the selloff that took place during the previous three days.