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USDCHF Eyes More Strength, Closes Strongly

USDCHF eyes more strength after closing strongly higher the past week. Resistance stands at the 1.0000 level as the next upside target. A break of here will open the door for more gain towards the 1.0050 level. Above here, resistance comes in at the 1.0100 level and then the 1.0150 level. Its weekly RSI is bullish and pointing higher suggesting more strength. On

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EURJPY Looks To Recover Further Higher Towards 125.08 Zone

EURJPY looks to recover further higher towards 125.08 zone as it eyes price extension. Support comes in at the 124.50 level where a break if seen will aim at the 124.00 level. A cut through here will turn focus to the 123.50 level and possibly lower towards the 123.00 level. On the upside, resistance resides at the 125.08 level. Further out, we envisage

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GBPUSD Targets Further Upside Pressure Towards 1.3000/29 Zone

GBPUSD targets further upside pressure towards 1.3000/29 zone. Support is seen at 1.2950 level. Further down, support comes in at the 1.2900 level where a break will turn focus to the 1.2850 level. Further down, support lies at the 1.2800 level. Below here will set the stage for more weakness towards the 1.2750 level. On the upside, resistance stands at the 1.3000 with

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USDJPY Remains Biased To The Upside On Corrective Recovery.

USDJPY remains biased to upside on corrective as we expect more strength in the days ahead. On the upside, resistance comes in at 109.00 level. Above here will turn attention to the 109.50 level. Further out, we expect a possible move towards the 110.00 level if the earlier resistance is taken out. A break of here will open the door for more gain towards

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GBPUSD Sets Up To Weaken On Corrective Pressure

GBPUSD sets up to weaken further corrective pressure following its rejection of upside pressure. Support is seen at 1.2700 level. Further down, support comes in at the 1.2650 level where a break will turn focus to the 1.2600 level. Further down, support lies at the 1.2550 level. Below here will set the stage for more weakness towards the 1.2500 level. On the upside,

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GOLD Remains Vulnerable Below Key Resistance At 1,2987.55 Level

GOLD remains vulnerable below key resistance at 1,298.55 level as it looks for more weakness. commodity looks to pullback as it rejected higher prices the past week. 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

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EURUSD Backs Off Higher Prices With Eyes On 1.1421 Zone

EURUSD backs off higher prices with eyes on 1.1421 zone in the new week. Support comes in at the 1.1450 where a violation will aim at the 1.1400 level. A break below here will target the 1.1350 level. Further down, support lies at the 1.1300. On the upside, resistance resides at 1.1500 level with a break through there opening the door for further

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USDCHF Sees Price Halt With Recovery Risk

USDCHF sees price halt with recovery risk expected in the new week. This leaves resistance residing at the 0.9850 level as the next upside target. A break of here will clear the way for more gain towards the 0.9900 level. Above here, resistance comes in at the 0.9950 level and then the 1.0000 level. On the downside, support is seen at the 0.9800

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