Today we are discussing Technical and Fundamental Overview of USD/JYP and GBP/USD
The USD/JPY will extends and rises at the 107.64 upto the 0.11% on a day according to the Tokyo Session that will ticked down on the Mood On This Monday. The pair will initially go down from 107.51 to 107.45 during the early session in Asia. It will go to the run up attack on Thursday near the top level 107.75.
The US president Donald Trump tweets defies the Surge in the Coronavirus numbers that will affect the world's largest economy.As per the latest data recorded by the figure above the 50,000 into the start of the month.
Moreover the pair will be previously closed at the near 107.40 that will go below the 50 day SMA. It will seem reverse to the path directing towards 108.00.
The GBP/USD will take the bid and go near the 1.2490 up to the 0.05% during this Monday on Asian Session. The Cable pair will extend the bounce off on this Friday with the bounce off 200 bar SMA. It will reach the head and shoulder pattern formation according to the 4 hour chart.
The neckline of the Pair shows the bullish pattern that will join the Retracement level on 10-29 level that will add strength to the upside barrier. It will increase the conditions with the RSI trading condition that will go to the sustained trading beyond the 200-Bar SMA.
The pair was previously traded at 1.2483. The resistance level for the pair will be 1.2497 and the support level for the pair will be 1.2473.
And even a Bank of CANADA(BOC) will present the data on business. The bank will present the survey report of the business which are going on & the business which are stopped or trying to resume.
The latest news came that the American Rapper Kanye West has planned to run for US President election 2020.But till now Kanye West didn't announce officially. So, is the news true or its just a publicity stunt!
- USD/JPY Will Tracks the Risk of Barometer Go Above 107.00
The USD/JPY will extends and rises at the 107.64 upto the 0.11% on a day according to the Tokyo Session that will ticked down on the Mood On This Monday. The pair will initially go down from 107.51 to 107.45 during the early session in Asia. It will go to the run up attack on Thursday near the top level 107.75.
The US president Donald Trump tweets defies the Surge in the Coronavirus numbers that will affect the world's largest economy.As per the latest data recorded by the figure above the 50,000 into the start of the month.
Moreover the pair will be previously closed at the near 107.40 that will go below the 50 day SMA. It will seem reverse to the path directing towards 108.00.
- Technical Overview of GBP/USD
The GBP/USD will take the bid and go near the 1.2490 up to the 0.05% during this Monday on Asian Session. The Cable pair will extend the bounce off on this Friday with the bounce off 200 bar SMA. It will reach the head and shoulder pattern formation according to the 4 hour chart.
The neckline of the Pair shows the bullish pattern that will join the Retracement level on 10-29 level that will add strength to the upside barrier. It will increase the conditions with the RSI trading condition that will go to the sustained trading beyond the 200-Bar SMA.
The pair was previously traded at 1.2483. The resistance level for the pair will be 1.2497 and the support level for the pair will be 1.2473.
- Forex Economic News
And even a Bank of CANADA(BOC) will present the data on business. The bank will present the survey report of the business which are going on & the business which are stopped or trying to resume.
The latest news came that the American Rapper Kanye West has planned to run for US President election 2020.But till now Kanye West didn't announce officially. So, is the news true or its just a publicity stunt!
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