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USDJPY

The USDJPY pair advanced for the third consecutive session yesterday and settled above the psychological 113.00 level at 113.29, for the first time since March 2016. As clearly visible on the daily chart, the momentum oscillators are trading at higher levels above their midlines, reflecting at strength in the pair. Also, the 8H momentum oscillators are trading with a positive tone, further supporting the above view. Key technical barrier is situated at the 2H upper Bollinger band (currently trad…
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EURUSD

After oscillating between gains and losses, the EURUSD pair formed a doji candlestick pattern on the daily chart yesterday and settled at 1.0552. As of now, the daily RSI and stochastic indicators are pointing north, suggesting at the presence of bullish momentum in the coming session. Similarly, the hourly momentum oscillators are trading with a strong bias, further validating the above stance. Key technical obstacle to be watched is located at the 4H 20SMA (currently trading at 1.0586/90), a b…
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GBPUSD

The GBPUSD pair recorded marginal gains for the second consecutive session yesterday and closed at 1.2448, following a high at 1.2495. At present, the daily momentum oscillators are treading water around their midlines, reflecting at a neutral technical outlook. Meanwhile, the 4H & 8H momentum oscillators are placed just above their midlines, indicating at the presence of mild positivity in the pair. Key near term resistance is situated at the 1.2468/70 level, followed by the 4H upper Bollinger …
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