The struggle of safe heavens appears evident in the performance of the USD/JPY pair.
Price action is nearing the end of a strong rally, spanning a pivotal support zone and a substantial resistance zone.
After this currency pair recorded a higher high and pushed through its descending 50.0 Fibonacci Retracement Fan Resistance Level, a reversal emerged.
Following a sharp corrective phase, the NZD/SGD entered a sideways trend after moving into a substantial support zone.
USD/JPY: Consolidating between 108.62 and 109.18
As the new string of a deadly coronavirus spreads around the world, Asian economies are the most directly impacted ones.
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