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2020-05-23 20:00:00
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Crude Oil Weekly Outlook: Rally Runs Into Resistance as Risk-On Appetite Stalls
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How to Invest During a Recession: Investments & Strategy
2020-05-22 20:00:00
Dow Jones Rises to Resistance, US Dollar Dropping to Key Support
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2020-05-24 16:00:00
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2020-05-23 12:00:00
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2020-05-24 16:00:00
GBP/USD Forecast: Pound Weakness to Persist Amid Break of April Low
2020-05-23 16:00:00
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Japanese Yen Outlook: USD/JPY, EUR/JPY, AUD/JPY Chart Setups
2020-05-24 12:15:00
US Recession Watch, May 2020 - US Yield Curve Hides the Truth
2020-05-21 13:30:00
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Jamie's Pick: 10/29/2012

Jamie's Pick: 10/29/2012

2012-10-29 13:41:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

I remain short GBPUSD and AUDJPY.

-GBPUSD-has retraced half of the rally from 15912. The British Pound is the weakest of the majors ahead of what may be an extremely quiet US session. The 61.8 level at 16000 may provide interim support but focus is lower into month end. Areas of interest include 15770 and 15644.

-AUDJPY-Focus remains on 8163 (10/22 low) and 8096 (61.8% of the rally from 7940). 8300 is resistance and shorts are favored as long as price is below 8347.

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