The USDJPY is starting to look quite bullish on the charts after a recent batch of heavy testing followed by positive US data for once. But looks may be deceiving in the long run for this volatile pair which has been ranging up and down for some time. Japanese data was a mixed […]

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We have seen the EURO drop even on a positive reading but less than expected. Our trade on the EURJPY hit our profit with 75 pips at 138.753. But what was unexpected was the quick rise back to the levels where it was trading from merely saying that it was a bear trap. At first […]

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Whichever way the Euro breaks tomorrow hopefully the volatility will justify the hype tomorrow's release has received so far. SUMMARY: – Range trading within 65 pips awaiting tomorrow's rate decision from ECB – COTS suggest 'sentiment extreme', leaving potential for retracement against the bearish decline – We expect ECB to fall short of aggressive action […]

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  Metal has almost reached the first level of support pointed out in our early newsletter. Past the first support we will see a hunch below to 1225. The price should find some resting place at this location before making retracement of the most recent drop or continue dropping while it recruits more sellers. Also […]

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We closed the day with 162 pips on GBPJPY.     1. The GBPUSD is seen to be consolidating between 1.6760/70 and 1.6830/40 range since few trading sessions now. Yesterday, the pair spiked through 1.6850 levels to reverse sharply. Trading strategy could be to buy at support and short at resistance for now. Furthermore, a […]

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  Our GBPJPY trade was right on target, yesterday's candle did close as a kangaroo tail leaving us enough room to go short placing our stops at the tail of the candle and our T/P at 170.32 first 169.82 second. On the other hand GBPUSD has also dropped nearing 1.6756. Though this is believed to […]

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Our first indication of Japs getting stronger is indicated clearly on the GBPJPY and USDJPY pair. Though they gain strength it would be short lived however, we as traders can capitalize on this foreseen opportunity and bag gains on it.   From the chart above we see that the price has been stalling at 171.62 […]

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  Technical outlook and chart setups: The story since last one month has been discussed earlier. The EURUSD bears have taken control since sub 1.4000 handle, broke the trend line support as seen here. Subsequently, critical supports levels (1.3775, 1.3675, and 1.3640) were taken out as well. At the moment, the pair is seen to […]

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EURUSD negative tone leaves late May bear bias for 1.3520 A grind lower Thursday to reinforce the negative outside Wednesday pattern through notable chart support from Feb at 1.3645 to reinforce the bearish tone. Whilst capped below 1.3730/35, we see risk for a better push below 1.3645/35 to aim for the key 1.3520 retrace level […]

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