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GBPUSD Targets Further Bullish Corrective Recovery

GBPUSD: Having triggered a higher close on Monday and followed through higher during early Thursday trading , GBPUSD targets further bullish corrective recovery in the days ahead. Support lies at the 1.5000 level where a break will turn attention to the 1.4950 level. Further down, support lies at the 1.4900 level. Below here will set the stage for more weakness towards the 1.4850

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EURJPY Bulls On The Offensive On Recovery

EURJPY: With EURJPY bulls on the offensive on recovery, further price strength should build up towards the 130.75/99 zone. This corrective recovery is coming on the back of its recent weakness. Support comes in at the 129.50 level where a break will aim at the 129.00 level. A turn below here will target the 128.50 level with a breach turning focus to the

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GOLD Bearishness Remains Intact But With Caution

GOLD: Having closed lower the past week, GOLD bearishness remains intact. However, a corrective recovery higher could occur if it fails to push further lower in the new week. On the upside, resistance resides at the 1070.00 level where a break will aim at the 1080.00 level. A turn above there will expose the 1090.00 level. Its a weekly RSI is bearish and

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EURUSD Looks To Retarget The 1.0519 Zone

EURUSD: With the pair closing slightly lower the past week, its broader risk points lower to the 1.0519 level. EURUSD looks to retarget the 1.0519 zone which is consistent with its long term downtrend bias. However, a recovery may occur especially now that is approaching its key supports. Support is located at the 1.0500 level and if violated, expect more weakness to occur

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USDCAD Ended The Week Slightly Higher

USDCAD: Having printed a rejection candle ahead of its key resistance located at 1.3435/56 zone, USDCAD ended the week slightly higher. This leaves risk of a pullback in the new week on continued price failure. Its key resistance standing at the 1.3435/56 levels comes in as the next upside target. Further out, resistance comes in at the 1.3500 level where a turn lower

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The Keys To Your Trading Success

For the subject of this week’s article, the keys to your trading success, I thought that I would take the time to explore the thought process behind most trading decisions we make during our FX speculating. As you may already know if you have read previous articles written by myself or my colleagues, we all drive home the importance of formulating and then

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Do You Sleep At Your Trading Desk?

The topic of our article this week, do you sleep at your trading desk? may not be familiar but a lot of traders experience it. Well, actually, in all likelihood you have never fallen asleep while trading…or have you? Many traders, along with countless people in all walks of life, are mentally, emotionally and physiologically impaired as a result of not getting enough

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GBPJPY Aims At Key Support On More Weakness

GBPJPY: Having continued to remain vulnerable GBPJPY aims at key support seen at the 183.86 level. This is consistent with its short term weakness triggered off the 188.80 level. On the downside, support comes in at the 184.00 level where a violation will aim at the 183.00 level. A break below here will target the 182.00 level followed by the 181.00 level. Its

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