Technical analysis of Forex market

GBP/JPY Clears Key Hurdles

Thanks to positive risk sentiment, consistent improvement in UK data and growing optimism over a Brexit deal, the GBP/JPY has risen about 900 pips from its low of just under ...
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UK 100 Index Turns Slightly Higher; Indicators Confirm Bullish Bias

The UK 100 index jumped above the 50.0% Fibonacci retracement level of the upleg from 6760 to 7905, around 7333, during Wednesday’s session. Currently, the price remains slightly above its ...
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USDCAD – Sells Off, Eyes Further Weakness On Bear Pressure

USDCAD – The pair closed lower again following its Tuesday losses on Wednesday. This has cleared the way for more weakness. Support lies at the 1.2900 level where a break ...
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EUR/JPY Nonplussed By BOJ, On The Verge Of A Big Break Above 1.3200 Resistance

There was a central bank meeting today, but you’d be excused for not noticing. Overnight, the Bank of Japan made no changes to monetary policy and reiterated its vow to ...
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USDCHF: Extends Price Recovery With Risk Toward 0.9719

USDCHF: The pair remains biased upside on price recovery. This is coming on the back of its second day of strength. On the downside, support lies at the 0.9650 level ...
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USDJPY Outlook: Bulls Show Strong Hesitation at 112.37 Fibo Barrier, Keeping in Play Risk of Top Formation

Wednesday’s action remains directionless for now and shaped in Doji candle, as bulls show hesitation after strong rally on Tuesday. Conflicting daily studies (overbought slow stochastic in sideways mode and ...
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GBPUSD – Bullish, Sets Up To Push Higher Towards 1.3213 Region

GBPUSD – The pair continues to face further upside pressure as it looks to recover higher. Resistance stands at the 1.3200 with a turn above here allowing for more strength ...
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Market Morning Briefing: Aussie Has Broken Above 0.72

STOCKS While Dow (26246.96, +0.71%) trades below 26250, there is scope of a fall towards 26000-25750 levels in the near term. A rise above 26250 and further above 26500 is ...
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BTCUSD Holds in Descending Triangle in Medium-Term

BTCUSD has been trading within a descending triangle pattern over the last seven months, with a strong support obstacle being the 5780 barrier. Moreover, the price started an aggressive bearish ...
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USDCAD Outlook: Higher Base at 1.2980 Under Pressure as the Greenback Weakens on China’s Response

The pair entered US session fully in red as the greenback came under increased pressure after China announced new tariffs on US goods, in response to US tariff decision, announced ...
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Market Morning Briefing: Euro Is Again Trading At Resistance Near 1.17

STOCKS Dow (26062.12, -0.35%) dipped yesterday. The index is likely to trade in the 26000-26500 region for the near term. O major movement is seen since the last few sessions ...
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