Latest data indicates that the world saw a new record high on COVID-19 incidence, having listed almost 500 thousand new cases worldwide. The most alarming situation is Europe's, as France recorded a massive figure of 41 thousand new infections a day. Britain and Spain then follows, with 21 thousand...
USD/JPY
The dollar strengthened by 22 points against the yen on Thursday, and the embedded price channel line restrained its growth on the daily chart. Getting the price to settle above this resistance may extend the growth to the MACD line towards the 105.65 area, but the main scenario is...
GBP/USD
Analysis:
The British pound chart has been developing a downward wave since September 1. It completes a bearish design on a larger scale. The structure traces the first two parts (A-B). From October 14, a reversal wave structure is formed downwards, which should give rise to the final part...
GBP/JPY moved above short-term key-resistance at 137.25. It calls for more upside pressure towards 137.88 on the way higher to 140.20 as the next target. The former resistance at 137.25 will now act as support. GBP/JPY continues to move higher. Support is seen at 137.25 and then at 137.02. R3:...
