The pair traded mixed around 1.0900 the whole day. The spot was under pressure in the Asian session. The price was growing during the European hours and returned to the red region in the NA session. The resistance comes in at the level 1.0900, the support lies at 1.0850.
A move below 1.0900 will show room for further downside towards 1.0850.
The pound stayed in a short term upward channel during the day. The price hit the lower boundary of the channel in the night and bounced upwards after that. The upward impetus was short-lived and the major turned bearish in the NY session. Sellers pushed the price lower and broke the upward trend line around 1.2900 in the night. The resistance exists at the level 1.2900, the support stands at 1.2800.
The pound is likely to extend its losses in the upcoming sessions.
USD/JPY was in buy mode on Monday. The price was growing in the night session and met a decent obstacle at 112.00 in the morning. The pair flirted with the level the whole day trying hard to break above it. The resistance exists at the level 112.00, the support stands at 111.00.
The bullish momentum is likely to be regained if the major breaks above 112.00. Buyers may push the price to 112.50 in this case.
Read the full review on our site:
Only from April 12, 2021, to May 14, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]
FortFS wishes all traders a Happy Chinese New Year! Only from February 8 to March 12, 2021, we reduce spreads for the 4 most popular trading pairs. New values*: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 *These values are valid only for FLEX accounts Hurry up to take advantage of the offer! Learn more about spreads: https://www.fortfs.com/clients/specifications