USD bulls try to resist
Fed's Powell said a slowing recovery and a surging pandemic meant the US was entering a "challenging" few months, with the potential deployment of a vaccine still facing hurdles.
USD/JPY: 'Three Methods' pattern still in force
Information is not investment advice
We've got a bearish 'Engulfing', but this pattern remains unconfirmed. Previously, we had a 'Three Methods' pattern, which is still in force. However, if a pullback from the nearest resistance at 111.62 happens little later on, bears will probably try to test the lower 'Window' (109.41). The subsequent pullback from this level could lead to an upward price movement towards the next 'Window' (112.65).
Galya Svetlova
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USD bulls try to resist
Fed's Powell said a slowing recovery and a surging pandemic meant the US was entering a "challenging" few months, with the potential deployment of a vaccine still facing hurdles.
OPEC+ decision is in focus
Investors are waiting for the significant decision of OPEC+ members to prolong oil output cuts or stop them.
Cable inches towards key resistance near 1.3400
The progress on the COVID-19 vaccines and hopes of a swift economic rebound next year added to the optimistic sentiment in the market.
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