Corona virus summary:
World leaders send messages of support to Boris Johnson
The British prime minister was moved to intensive care on Monday night after his condition worsened. Donald Trump paid tribute to Johnson at his daily White House briefing, calling him a "fantastic warm strong smart guy" who "fought like hell for his country. But intensive care is big stuff, really big stuff." Australia's prime minister Scott Morrison sent his good wishes, saying: "We're with you mate, and we hope you get better soon." The British foreign secretary, Dominic Raab, will run the country's coronavirus response in Johnson's absence.Technical analysis:
USD/JPY has been trading sideways at the price of 109.06. Anyway, there is the completion of the downward correction (abc) in the backgorund and rejection of the important pivot support at 108.70, which is strong indication for the further upside continuation.
Watch for buying opportunities on the dips. The area around 109.10 looks like good zone to load long positions.Upward targets are set at the price of 109.85 and 110.60.
MACD oscillator is showing strong upside pressure and the slow line is turned to the upside, which is great addition to our long bias.
Resistance levels are set at the price of 109.37, 109.85 and 110.60
Support level is set at the price of 108.70.
