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EURUSD DOWN

EUR/USD formed an (bearish) outside day pattern yesterday and momentum has turned bearish. Hence, we see a deeper dip to 1.1450 Above 1.1375 needed to question immediate downside.
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USDJPY UP TREND

USD/JPY has resistance at 110.97 and momentum is flat. Hence, we see a dip back to the base of the bull channel (109.88). A break above 110.97 to open 111.61
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GBPUSD UP TREND

GBP/USD broke below a key level at 1.3350, a bearish outside day was seen on Thursday and moving averages have turned bearish. Hence, we see a dip back to 1.3200. A break above 1.3278 to question downside
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EURUSD DOWN TREND

EUR/USD formed an (bearish) outside day pattern yesterday and momentum has turned bearish. Hence, we see a deeper dip to 1.1500 Above 1.1450 needed to question immediate downside.
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USDJPY UP TREND

The US Dollar continued its downtrend against the Yen in the previous session and marked its lowest level since mid-September 2016 at 110.33. As of now, the pair is trading in an upward trending channel on the 1H chart, after the data released in Japan showed a more-than-expected drop in the producer price index In addition, the MACD indicator has recently witnessed a centreline crossover to trade into positive zone, further validating the above stance. The key technical obstacle is situated at …
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GBPUSD DOWN TREND

The Pound traded on a stronger footing against the US Dollar in the prior session and surpassed its psychological 1.3900 for the first time since June 2016, as investors remained confident over a soft exit of UK from the European Union. At present, the pair is trading with a mildly negative bias on the 1H chart, indicating at a bearish technical outlook. Besides, the MACD indicator is sharply pointing downwards, further supporting the above view. Meanwhile, traders would eye UK’s inflation data,…
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USDJPY UP TREND

Our preference: long positions above 113.45 with targets at 113.85 /114.20 in extension.
Alternative scenario: below 113.05 look for further downside with 112.80 RSI shows upside momentum.
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GBPUSD DOWN NEXT MONTH

Our preference: short positions below 1.3390 with targets at 1.3280
Alternative scenario: above 1.3390 look for further upside with 1.3420 RSI shows downside momentum
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EURUSD DOWN

short positions below 1.1890 above 1.1890 look for further upside with 1.1905
RSI shows downside momentum.
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