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GBPUSD: Extends Weakness On Corrective Pullback

GBPUSD: Having GBPUSD following through higher on the back of its Tuesday losses during Wednesday trading session today, further weakness is likely. On the downside, support lies at the 1.4400 level where a break will turn attention to the 1.4350 level. Further down, support lies at the 1.4300 level. Below here will set the stage for more weakness towards the 1.4250 level. Conversely,

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GBPUSD: Having GBPUSD following through higher on the back of its Tuesday losses during Wednesday trading session today, further weakness is likely. On the downside, support lies at the 1.4400 level where a break will turn attention to the 1.4350 level. Further down, support lies at the 1.4300 level. Below here will set the stage for more weakness towards the 1.4250 level. Conversely,

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EURUSD: Turns Lower On Corrective Weakness

EURUSD: With EURUSD closing lower on Tuesday, it now looks to extend that weakness in the days ahead. Support lies at the 1.1450 level. Further down, support comes in at the 1.1400 level where a violation will aim at the 1.1350 level. A break of here will target the 1.1300 level. Conversely, on the upside, resistance comes in at 1.1550 level with a

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USDJPY: Broader Bias Remains Lower On Weakness

USDJPY: With the pair remaining weak and vulnerable, further weakness is likely in the days ahead. On the downside, support comes in at the 105.00 level where a break if seen will aim at the 104.50 level. A cut through here will turn focus to the 104.00 level and possibly lower towards the 103.50 level. On the upside, resistance resides at the 106.50

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GBPUSD: Threatening Further Upside But With Warning

GBPUSD: Having GBPUSD taken back its losses to close higher on Monday, further bullishness is envisaged. However, beware is corrective pullback as GBPUSD trades at its key resistance zone. On the downside, support lies at the 1.4550 level where a break will turn attention to the 1.4500 level. Further down, support lies at the 1.4450 level. Below here will set the stage for

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USDJPY: Targeting Further Weakness On Sell Off

USDJPY: The pair took back its previous week gains to close lower the past week. This development leaves risk lower in the days ahead. On the downside, support comes in at the 106.00 level where a break if seen will aim at the 105.50 level. A cut through here will turn focus to the 105.00 level and possibly lower towards the 104.50 level.

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GOLD: Remains On The Offensive Short Term

GOLD: The commodity continues to face price offensive leaving risk higher in the days ahead. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level. Further down, a cut through here will open the door for a move lower towards the 1,260.00 level. Below here if seen could trigger further downside pressure targeting

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EURUSD: Looks To Strengthen Further With Caution

EURUSD: With EURUSD closing higher the past week, further recovery is envisaged. However, it faces its key over head resistance located at 1.1464 level. Support lies at the 1.1400 level. Further down, support comes in at the 1.1350 level where a violation will aim at the 1.1300 level. A break of here will target the 1.1250 level. Conversely, on the upside, resistance comes

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