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GBPUSD: Sells Off On Price Weakness
GBPUSD: The pair followed through lower on the back of its Monday losses on Tuesday . This development leaves GBPUSD threatening further downside pressure in the days ahead. On the downside, support lies at the 1.4250 level where a break will turn attention to the 1.4200 level. Further down, support
EURJPY: Risk Points Higher On Corrective Recovery
EURJPY: Having the cross turned higher on recovery on Wednesday , further upside momentum is likely in the days ahead. Support comes in at the 124.00 level where a break will aim at the 123.50 level. A turn below here will target the 123.00 level with a breach turning focus to the 122.50 level
EURUSD Puts In Bottom With Eyes On Upside
EURUSD: Having EUR closed higher the past week, it now looks to strengthen further in the new week. On the downside, support is located at the 1.0950 level and if violated, expect more weakness to happen towards the 1.0900 level. Further down, support lies at the 1.0850 level where a violation will
AUDUSD Extends Its Bullish Offensive
AUDUSD. With the pair strengthening further on Wednesday and following through on Thursday, it looks to move higher to the 0.7400 level and beyond. On the downside, support resides at the 0.7300 level where a breach will aim at the 0.7250 level. Below that level will set the stage for a run at the
USDJPY: Reverses Higher With Eyes On Price Extension
USDJPY: With the pair taking back its Monday losses to close higher on Tuesday , further upside pressure is now underway. This development leaves the pair targeting the 114.86 resistance zone. On the downside, support comes in at the 113.50 level where a break if seen will aim at the 113.00 level. A
GOLD Follows Through Higher On Bullish Recovery
GOLD: Having GOLD reversed its Monday losses on Tuesday and followed through higher during Wednesday trading session , further strength is expected. On the downside, support comes in at the 1220.00 level where a break will turn attention to the 1210.00 level. Further down, a cut through here will
USDCHF Targets Support At The 0.9600 Zone
USDCHF: Having continued to maintain its downside pressure selling off on Thursday, USDCHF targets support at the 0.9600 zone. This is coming on the back of its intra day price reversal on Wednesday . On the downside, support lies at the 0.9600 level. A turn below here will open the door for more
GBPUSD Aims At 1.4591 Level On Bullishness.
GBPUSD: Having halted its weakness to close higher on Tuesday and followed through higher on Wednesday , GBPUSD aims at 1.4591 level on bullishness. Support lies at the 1.4450 level where a break will turn attention to the 1.4400 level. Further down, support lies at the 1.4350 level. Below here will
EURJPY Looks To Put In Temporary Bottom
EURJPY: With price rejection now seen, EURJPY looks to put in temporary bottom. Unless the pair returns below the 128.26 level, we think a corrective recovery should occur. On the downside, support comes in at the 129.00 level where a break will aim at the 128.50 level. A turn below here will target
GBPUSD Looks To Weaken More On Bearishness
GBPUSD: Having declined on further weakness during Monday trading session , GBPUSD looks to weaken more on bearishness. On the downside, support lies at the 1.4350 level where a break will turn attention to the 1.4300 level. Further down, support lies at the 1.4250 level. Below here will set the