USD/JPY declined further during yesterday’s trading, reaching as low as 109.36, while our short signal from 110.20 is still active and is giving us over 80 pips.
GBP/USD may go for resistance
Information is not investment advice
The 200-period MA just above 1.3650 supported GBP/USD. The pair formed a higher low on the H1. As a result, it has the scope to retest the previous resistance at 1.3750 if it manages to break above 1.3700 (50-period MA on the H4).
Trade idea for GBP/USD
BUY 1.3710; TP1 1.3720; TP2 1.3736; SL 1.3695
Shares declined by about 7% in the extended trading after the results were released. It marked the first time Amazon had missed quarterly sales estimates since 2018.
In our FOMC Meeting live coverage on YouTube yesterday, we sent out a short signal on USD/JPY around 25 minutes after the decision and right before the press conference.
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