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EURUSD: Pressure Builds Up On 1.0909 Level
EURUSD : The pair sold off the past week, opening the door for more weakness to occur. Support lies at the 1.0900 level. Further down, support lies at the 1.0850 level where a violation will aim at the 1.0800 level. A break of here will aim at the 1.0750 level. Its weekly RSI is bearish and pointing
USDJPY: Sets Up To Correct Lower On Price Rejection
USDJPY: After the pair rejected higher prices to close lower on Thursday , it faces the risk of a move lower. On the downside, support comes in at the 103.00 level where a break if seen will aim at the 102.50 level. A cut through here will turn focus to the 102.00 level and possibly lower towards
GBPUSD: Broader Bias Remains Lower Medium Term
GBPUSD: Despite its price hesitation on Wednesday , further weakness is likely. On the downside, support lies at the 1.2150 level where a break will turn attention to the 1.2100 level. Further down, support lies at the 1.2050 level. Below here will set the stage for more weakness towards the
GOLD Looks To Extend Weakness On Bear Threats
GOLD: The commodity continues to face downside pressure on pullbacks. On the downside, support comes in at the 1,240.00 level where a break will turn attention to the 1,230.00 level. Further down, a cut through here will open the door for a move lower towards the 1,220.00 level. Below here if
USDJPY: Bullish, Maintains Recovery Tone
USDJPY : The pair remains on the offensive as it looks to resume that strength after its one-day correction. On the downside, support comes in at the 103.00 level where a break if seen will aim at the 102.50 level. A cut through here will turn focus to the 102.00 level and possibly lower towards
GBPUSD: Vulnerable To The Downside But With Warning
GBPUSD : With the pair extending its weakness the past week, further weakness is likely. However, a recovery could be seen in the new week after taking back some of those losses the past week. On the downside, support lies at the 1.2400 level where a break will turn attention to the 1.2350 level
GOLD Remains Vulnerable But With Caution
GOLD: The commodity continues to face downside pressure but with a rejection candle printed on Friday , a recovery risk cannot be ruled out. On the downside, support comes in at the 1,250.00 level where a break will turn attention to the 1,240.00 level. Further down, a cut through here will open
EURUSD Eyes Recovery Within Consolidation Range
EURUSD : The pair continues to face consolidation risk though looking to recover higher. Support lies at the 1.1150 level. Further down, support lies at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will aim at the 1.1000 level. Conversely, on the upside
USDCHF Sees Upside Pressure With Broader Range
USDCHF : The pair retains its upside bias closing higher the past week. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0.9600 level. On the upside, resistance resides at the 0.9800 level where a break
GBPUSD: Risk Turns Lower Towards The 1.2600 Zone
GBPUSD: With the pair taking back its Wednesday gains to weaken further on Thursday , further move lower is expected. On the downside, support lies at the 1.2600 level where a break will turn attention to the 1.2550 level. Further down, support lies at the 1.2500 level. Below here will set the