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GBP/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
XAG/USD: Silver after a selloff is trading above the 38.2% retracement area.
World shares slipped and sterling skidded to its lowest in nearly a month on Friday as markets confronted the risk of Britain leaving the European Union without a trade deal, with doubts over US stimulus also nagging. A no-deal Brexit would damage the economies of northern Europe, send shock waves through financial markets, block up borders and wreak chaos through the delicate supply chains which stretch across Europe and beyond. Sterling fell 0.9% against the dollar, touching its lowest point since Nov. 16 and putting it on course to ending five straight weeks of gains. Volatility also rose to its highest in over eight months.
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How to trade the gold price while it's oscillating between 1 837 and 1 864? Read the article, and you'll know how!
US President-elect Joe Biden proposed a $1.9 trillion stimulus plan to jump-start the world's largest economy and accelerate its response to COVID-19
Jump in to get the technical analysis of GBP/JPY and GBP/USD!
How to trade the gold price while it's oscillating between 1 837 and 1 864? Read the article, and you'll know how!
US President-elect Joe Biden proposed a $1.9 trillion stimulus plan to jump-start the world's largest economy and accelerate its response to COVID-19
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