Global stock markets continue to decline. The resistance level of 391.00 holds back buyers. A strong bearish divergence is forming on Awesome Oscillator, and Stochastic Oscillator showed an exit from the overbought zone.
Trading recommendatoins:
Sell below 368.00.
Stop Loss: 391.00.
Target levels: 343.00; 323.00.
The US dollar fell during the Asian session to witness its bounce back to the fifth session in seven sessions from the top since April 25, 2019 against the Japanese yen after the developments and economic data that were reported by the Japanese economy and on the cusp of developments …
The demand for risk assets will continue dropping due to the remaining mood of panic in the market, which means that the Japanese yen, as a safe-haven currency, will be in demand. Considering the circumstances, we believe that there’s a greater likelihood of a further decline than growth.
The price …
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