EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
GBP/USD: prepare for volatility
Information is not investment advice
GBP/USD is consolidating ahead of the release of the US nonfarm payrolls figures at 15:30 MT time.
The pair has been correcting down since the middle of the last week. It met the resistance of the heavy bearish Ichimoku Cloud on W1 as well as the weekly moving averages. The support line of this year’s uptrend just below the psychological level of 1.30 will be a natural area of attraction. If the pound slides to this level, it will meet demand: the 50-day MA is rising and ready to get above the 200-day one (1.2988).
Notice that as there will be a spike in volatility today because of the news release. Remember to go by the rules of risk management.
Elizabeth Belugina
Similar
Will GBP/CHF use its chance?
GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.
How to trade XAU/USD?
It’s simply the question of time before gold price gets to the higher levels…
Popular
USD/CAD: Canadian positive data vs US negative data
The Canadian employment change has been published together with the US PPI. Don't miss the best chance of this week!
Gold surpassed $1 800. Will it set new record?
Yellow metal has become the best performing asset during the coronavirus. Some analysts foresee it will reach $2 000.
EUR/JPY: on the way up
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
Choose your payment system
