Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
USD/JPY: bullish 'Doji'
Information is not investment advice
There're bearish patterns such a 'Shooting Star' and a 'Harami', so the price is declining. At the same time, we've got a bullish 'Doji', which is likely going to be confirmed soon. This, we're going to have a local upward correction towards the nearest resistance at 111.26. The subsequent pullback from this level could be a starting point for a decline in the direction of the previously tested support at 109.37 be the lower 'Window'.
The Canadian employment change has been published together with the US PPI. Don't miss the best chance of this week!
Yellow metal has become the best performing asset during the coronavirus. Some analysts foresee it will reach $2 000.
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!