EUR/JPY:  bearish sentiment

EUR/JPY: bearish sentiment

2020-09-07 • Updated

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usdchf 30 min.png

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Ichimoku Kinko Hyo

EUR/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.

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Fibonacci Levels

 XAU/USD: Gold continues to stand below the 23.6% retracement area. There is a clear indecision between bulls and bears.

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US Market View

Brexit risk is back on the radar after a report that the U.K. government is preparing new legislation that would make the continuation of smooth trade with the EU after the end of this year impossible. With U.S. markets closed for the Labor Day holiday, the focus Monday was on Asia and Europe, which largely went their separate ways.

Chinese indexes fell by 2.7% after reports suggesting that the U.S. is looking to impose sanctions on chipmaker Semiconductor Manufacturing International, further tightening restrictions on the Chinese high-technology industry.

 US Key Point

  • Boris Johnson speech ahead about Brexit negotiations
  • The JPY is the strongest and the GBP is the weakest as the European afternoon session begins.

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