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Forecasting

This is a discussion on Forecasting within the General Discussion forums, part of the Trading Forum category; The USD/JPY correction continues for now and the pair remains bullish. I think the next target is likely around 110.00 ...

          
   
  1. #231
    Senior Member mlawson71's Avatar
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    The USD/JPY correction continues for now and the pair remains bullish. I think the next target is likely around 110.00 and it may even break out above it.

  2. #232
    Senior Member mlawson71's Avatar
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    GBP/USD is quite bearish and I think it will depreciate back to 1.2700 by the time the market closes today.

  3. #233
    Senior Member mlawson71's Avatar
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    NZD/USD is very bearish and I think next week we will see it break out below 0.6500.

  4. #234
    Senior Member mlawson71's Avatar
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    The pair found some support at 1.2700 but it remains quite bearish so I think it will continue depreciating and eventually break out below 1.2700.

  5. #235
    Senior Member mlawson71's Avatar
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    GBP/JPY found some support at 139.60 and it is currently climbing. I think it will rally towards 142.00 eventually.

  6. #236
    Senior Member mlawson71's Avatar
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    GBP/USD remains very bearish so the move south continues for the moment and it may reach 1.2600 soon.

  7. #237
    Senior Member mlawson71's Avatar
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    USD/USD is quite bearish despite the hammer candlestick it has formed on the weekly time-frame, I think it may continue depreciating but that will depend on whether it breaks out below 109.00.

  8. #238
    Senior Member mlawson71's Avatar
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    GBP/USD did reach 1.2600 and formed a spinning top on the daily time-frame there before it bounced off from that level. The pair is quite bullish currently and I think it will reach 1.2750.

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