For three trading sessions in a row, the USD/JPY has been moving in a narrow range between the 105.18 support and the 105.60 resistance, where it is stable around at the time of writing.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
Most Recent
Germany witnessed a fast acceleration in new Covid-19 infections, while the global pandemic keeps global trade hostage.
Most of the world struggled with the start of a more violent secondary Covid-19 infection wave, but Singapore maintains relative control over the pandemic.
Top Regulated Brokers
New daily Covid-19 infections in India have eased moderately from its record pace above 70,000 but remain elevated just below 50,000.
While Mexico lacks required Covid-19 testing capabilities, with just over 2,000,000 conducted on a population close to 130,000,000, the government of President López Obrador announced plans to purchase up to 34,400,000 does of a vaccine produced by Pfizer, if it meets specific criteria, this year.
South Africa dropped out of the Top 10 list of most infected Covid-19 countries amid the second wave of infections sweeping across Europe.
AUD/USD: 0.7000 area looking interesting as potential support
The US dollar rallied slightly during the trading session on Monday to kick off the week, as we have broken above the ¥105.50 level but gave back the short-term gains.
The NASDAQ 100 initially tried to rally during the trading session on Monday but found the 12,000 level to be far too resistant.
Bonuses & Promotions
The bitcoin market has rallied quite nicely during the trading session on Monday, breaking above the $11,700 level at one point during the day.
The Australian dollar initially tried to rally during the trading session on Monday but found the area above the 0.71 level to be far too much to overcome, as the market has pulled back.
The S&P 500 initially tried to rally during the trading session on Monday but gave back the gains as the 3500 level has caused a bit of resistance.
BTC/USD: $11,553 now likely to be strong support
GBP/USD: Price seems unwilling to get established above 1.3000