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GBP/JPY Technical Analysis – Prices vaulted sharply higher, pushing through the 38.2% and 50% Fibonacci expansions to test the 61.8% level (151.88). A break above that...
USD/CAD Technical Analysis – Prices put in a bullish Three Inside Up candlestick pattern above support at a rising trend line set from early May, hinting...
EUR/GBP Technical Analysis – Prices broke below support at 0.8583, a level marked by the intersection of the 50% Fibonacci retracement and a familiar horizontal pivot...
Pivot: 0.914 Our preference: Short positions below 0.914 with targets @ 0.904 0.898 in extension. Alternative scenario: Above 0.914 look for further upside with 0.9185 0.922...
Pivot: 0.8 Our preference: Short positions below 0.8 with targets @ 0.788 0.784 in extension. Alternative scenario: Above 0.8 look for further upside with 0.8055 0.81...
Pivot: 97.55. Our preference: LONG positions @ 97.65 with targets @ 98.6 98.85. Alternative scenario: The downside penetration of 97.55 will call for 96.95 96.35. Comment:...
Pivot: 0.861 Our preference: Short positions below 0.861 with targets @ 0.8535 0.852 in extension. Alternative scenario: Above 0.861 look for further upside with 0.8625 0.8645...
Pivot: 21.10 Our preference: LONG positions above 21.1 with 21.75 22 as next targets. Alternative scenario: The downside breakout of 21.1 will open the way to...
THE TAKEAWAY: The US Dollar advanced for a second consecutive day to yield its best run higher in two weeks but the move is yet to...
4Hour Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Interested in automated trading with Mirror Trader? FOREXAnalysis: Price has held the trendline that extends off...