P3tr4's Blog

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BOJ pushing yen pairs up

The chart below was yesterday's chart, with BOJ increasing its stimulus, i am seeing the eurjpy getting to 143 in a few weeks.
there is a strong resistance at 145, how price reacts at that level will determine further trends.
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GBPUSD going up

I am expecting the dollar to weaken over the next few weeks, even though the dollar will end the year high, still looking forward to a bullish correction on the gbpusd. On the daily chart, break of resistance should push price towards the 1.3- region.
On the monthly chart,
this is the fourth month down, a correction is due..
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