DaytradeToronto

DaytradeToronto

WE'VE WATCHED THIS PAIR FOR A WHILE, IT HAS BEEN CHOPPY BUT JUST LIKE GBPJPY THE BEARS CANT' SEEM TO GAIN CONTROL. THIS PAIR COULD MOVE UPWARDS TO 1.33 LONG TERM WE FIGURED WE WOULD TAKE 40 PIPS OR MORE BETWEEN NOW AND SUNDAYS GAP! STAY TUNED IN!

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The bears have retreated and look to other pairs Weakness on weekly analysis with bearish candle coming into play!

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WHY, STRONG JPY, WEAK USD, MONTHLY RESISTANCE.

DaytradeToronto

We've watched the GBP since last week and noticed strong support around the 1.29900 - 1.3000 area, currently at a resistance and ranging period between 1.30100 - 130350, a break and close above 130500 levels should bring 132500 or more! This may impact the Euro negatively as well (EURUSD, EURGBP).

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weekly resistance met, retest and fail, looking at a short.

DaytradeToronto

PRICE HOVERING AROUND 200 MS, BREAK ABOVE INDICATES BULLISH MOVE TO 1320

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Not quite yet. If Price holds at 2oo level could see sideways formation between 2160 and 2130

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Strong Uptrend detected if price holds above 51 ideally higher that 51.50 we could see 54.00 upon release of data this week!

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IS THE BULLISH MOVE OVER? I THINK NOT...WHAT ARE YOUR THOUGHTS?

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Next level for retracement could go to .87800

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POSSIBLE CONTINUATION DOWN TO LOW 112S

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MOVE SHOULD CONTINUE DOWNWARDS 1.27100 KEY ENTRY PRICE POINT

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UNTIL BREXT DETAILS ARE FINALIZED THIS PAIR WILL CONTINUE DOWNWARDS

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USDCHF In Strong Bullish Trend

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EXPECTING DOWNWARDS MOVE

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CONTINUATION OF DOWNWARD MOVE