EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
GBP/USD: trade opportunities
Information is not investment advice
GBP/USD formed a “Piercing line” pattern on the D1. The pair rose to the resistance line that connects April 30 and May 8 highs. There is something similar to an “Inverted Head and Shoulders” pattern on the chart. However, entering bullish positions will be sensible only if the pair rises above 1.2290 (38.2% Fibonacci retracement, 50-day MA). On the downside, the slide below 1.2205 will trigger a decline at least to 1.2165.
Trade ideas for GBP/USD
BUY 1.2295; TP 1.2355; SL 1.2275
SELL 1.2200; TP 1.2165; SL 1.2215
With the pandemic claiming about 1000 lives a day in the United States, many departments said they lack the money and the staff to identify people who have been exposed, according to a survey of a 121 local agencies.
The focus is on the ongoing negotiations of the next stimulus bill in the United States, which do not seem to move forward.
Stocks futures rose on Monday, indicating a higher start to the first session of August.