Latest News: GBP/USD
AUD/USD bounces-off a 3.5-month low near 0.6750 but the recovery appears shallow, with Australia's business confidence gauge hitting multi-year lows. China's coronavirus contagion also remains a weight on the Aussie.
USD/JPY consolidates the recovery from a nearly three-week low around 109.00. Despite the uptick, the spot remains vulnerable amid bearish MACD and risk-off action in the Asian equities, fuelled by the China coronavirus outbreak.
Over the last three days, the bulls have taken full control of the BTC/USD market. The price jumped from the $8,332.50 support level and went to $9,105.35. As per the daily confluence detector, there is a strong resistance at $9,175.
The cryptocurrency market is back in its January 2020 bullish phase. Ripple price has not been left out of the bullish frenzy. At the time of writing, XRP is exchanging hands 1.45% higher on the day.
Ethereum is trading within a whisker of the January 2020 peak. This follows an impressive bullish reversal from the pullback experienced last week.