The government will meet with coronavirus experts on Friday to discuss a possible extension of the country's emergency situation. This was announced by Japanese Minister of Economy Yasutoshi Nishimura.
USD/JPY, 30 min
Pivot: 107.11
The government will meet with coronavirus experts on Friday to discuss a possible extension of the country's emergency situation. This was announced by Japanese Minister of Economy Yasutoshi Nishimura.
Pivot: 107.11
Provided that the currency pair is traded above 107.00, follow the recommendations below:
In case of breakdown of the level 107.00, follow the recommendations below:
A support base has been formed at the level of 107.00, which allowed the asset to temporarily stabilize.
Resistance | Support |
108.00 | 107.00 |
107.80 | 106.80 |
107.50 | 106.50 |
Pivot: 106.51
While the price is below 109.35, follow the recommendations below:
If the level 109.35 is broken-out, follow the recommendations below.
RSI indicates a continuation of the descending trend.
Resistance | Support |
112.20 | 105.15 |
111.20 | 103.10 |
109.35 | 101.20 |
AUD/USD – sell below 0.6495 with 0.6435 and 0.6410 as Take Profit targets. Alternative scenario - if the level of 0.6495 is broken-out, you should consider buying with the targets 0.6525 and 0.6550 as Take Profit.
GBP/USD - long positions above 1.2525 with 1.2600 and 1.2640 targets as Take Profit. Alternative scenario - if the level of 1.2525 is broken-down, sell with the targets 1.2485 and 1.2440 as Take Profit.
EUR/USD - buy above 1.0920 with 1.0970 and 1.0990 targets as Take Profit. Alternative scenario - if the level 1. 0920 is broken-down, sell with the TP 1.0890 and 1.0865.
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