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USDJPY

USDJPY is trading in narrow 105 pip trading range for the last week. The price is trading below the 100h MA and finds support at 112.45, the 200h MA. The biggest driver is the Fed rates decision in December and also Donald’s Trump tax reform which supports the US Dollar. First resistance is 113.26 and then 113.82. A break below 112.45 will be bearish and can drive the price down to 111.75.
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EURUSD

EURUSD is trading higher for third day after it managed to find support at 1.1695. The pair has broken above the 50h MA today and reached the 100h MA at 1.1738. EUR was very strong today against USD despite strong NFP data. For now next resistance is at 1.1830, support could be found at 1.1695 (low Oct 3) and 1.1662 (low Aug 17). I am watching short term action closely as the bullish momentum on the daily chart is still intact, but I believe reading the short term signals suggest for a move to 1…
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GBPUSD ready for the rebound

GBPUSD is under heavy selling pressure the last six trading days and now have reached oversold level. I expect a rebound from current levels as the price approaches the 100 MA which can be a strong support and rebound level. USD is outperforming the last week the majors as traders betting for one more rate increase by December. The rebound can drive GBPUSD above 1.3350 at the point that the correction started.
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AUDUSD bearish momentum

AUDUSD is under heavy selling pressure the last two weeks that turn the momentum to bearish in the short term as well as for the long term. The price today broke below the 100 day Moving average, and sellers are in full control, and can drive the price down to 0.76 where is the next support.
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EURGBP

EURGBP got a hit on the chin today after the rumors that EU may offer a two year transition period to the UK. The pair broke below the 100h MA and sellers are in full control i expect the price to go down to 0.88.
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USDCAD

USDCAD is holding near the 2 month high, the pair has gained more than 200 pips lthe last week. Traders expect no change in rates from Bank of Canada. The pair has touched the 100 day moving average which is a strong resistance level, and the volume does not support a break above that level. i expect USDCAD to test the lows at 1.26 as some profit taking is the most possible scenario.
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