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Long term bias is still short on USD/JPY

Daily Vision

The USDJPY was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above 114.70. I still prefer a bullish intraday scenario at this phase targeting 114.10 region.
Immediate resistance is seen around 114.78. A clear break and daily close above that area could trigger further bullish pressure testing 113.96 region. Immediate support is seen around 113.30 .
A clear break below that area could trigger further bearish pressure whi…
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CHFJPY forming a bearish harmonic pattern

Weekly analysis
weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance lines at the 118.47 level with a breach pushing the pair further towards the 118.75 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 118.65 level. All in all, the pair remains biased to the downside in the short term on correction.
Daily analysis

CHFJPY is at an interesting level as we’re currently at the top end of what to …
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GBP/USD forming a bearish pattern

Daily analysis

GBP/USD opened the week at 1.5187 and touched a high of 1.5190. The pair then reversed directions and dropped to 1.5028, as support held firm at 1.5026. The pair closed the week at 1.5031. and the price of 1.5000 has been significant in the recent history of GBP/USD; and with a mid-line of a down-ward sloping channel offering an additional impetus for support, top-side reversal setups became attractive as a 1-to-4 risk-reward ratio was available using that 1.5000 level for risk w…
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AUD/CHF Continues to fall after the recent breakout

Weekly analysis
AUD/CHF continues to fall after the recent breakout of the strong support level 0.7250 . The breakout of support level 0.7250 accelerated the active minor impulse wave 3, which today broke the support trend line of the daily down channel from March. these two breakouts should add to the bearish pressure on this currency pair in the coming trading sessions. AUDCHF is likely to fall further toward the next support level 0.7000.
Daily analysis
AUD/CHF is forming a bullish Bat here w…
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AUD/CAD bullish scenario

Weekly analysis
a break in 0.9576, I believe you should be able to see 0.9400. Since that's absolute break, Only short I would take. This is a trend in trend. Be careful of 0.9823 should be great buy. Other then that, If your not in already, wait for those two area's. Waiting on absolute break of 0.9878 for buy. watch for 0.9576 for sell.. Only time will tell. 0.9652 should act as support in mean time.
Daily analysis
AUD/USD is subdued in early Asia after a mixed number of sessions overnight as …
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USD/CHF Loses Upside Momentum

Weekly analysis
weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance lies at the 0.9750 level with a breach pushing the pair further towards the 0.9800 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.9850 level. All in all, the pair remains biased to the downside in the short term on correction.
Daily analysis
The pair printed a rejection to halt its upside offensive and close lower the past …
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GBP/USD breaks trend line support

Weekly analysis
GBP/USD opened the week at 1.5527 and quickly touched a high of 1.5151. It was all downhill for the pair throughout the week, as the pair dropped all the way to 1.5132, breaking below support at 1.5163. The pair closed the week at 1.5151.
With the pound posting sharp losses, we start with resistance at 1.5590.
1.5485 was a cap in the first half of September.
Daily analysis
1.5341 continues to be busy, and has switched to a resistance role following sharp losses by the pair.
1
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Long-Term Reversal Also a Short-Term Range

Weekly :
USDJPY is captured between two ranges:
- Range 120 - 119.70
- The wedge pattern
The main reason why USDJPY cann't rally while other pairs go up is that:
- Investors still sell stock and hesitate in buying it.
The fear that FED would hike rate leading to higher borrowed cost make investors worry to continue buy equity.
However, I don't think higher borrowed cost is a big problem.
If FED hike rate by 1% : That is a big deal, but 25bp is not a big deal. As US economy still perf…
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GBPUSD at an interesting level !

GBPUSD is at an interesting level as we’re currently at the top end of what to me is a major level of support. If you look at the ebbs and flows on the daily chart (above) you’ll see that we’re approaching the previous outside return (retracement) and a violation of this level would cause a rotation in trend. For that reason I expect the bulls to be on the defensive fighting hard not to give up that area.
Technically this is an at market buy right now as we’ve double bottomed at the zone, due t…
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