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Dow, EURUSD, GBPUSD Breakout Levels and Events Next Week
2020-07-11 02:25:00
Euro Forecast: EUR/USD to Find Direction from ECB and EU Summit
2020-07-10 22:00:00
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Oil Price Forecast: WTI Jumps Back Above 40, but Can it Maintain?
2020-07-11 01:00:00
Crude Oil Prices May Extend Drop After Covid-19 Surge, Biden Speech
2020-07-09 23:00:00
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Dow Jones, S&P 500, DAX 30, FTSE 100 Outlook: Stocks Week Ahead
2020-07-11 04:00:00
Dow, EURUSD, GBPUSD Breakout Levels and Events Next Week
2020-07-11 02:25:00
Gold
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XAU/USD Outlook Bearish For Q3 on Financial Risks, Covid-19 Pandemic
2020-07-10 18:30:00
Gold Price Forecast: Fed Balance Sheet Drop May Cap Bullion's Surge
2020-07-10 16:00:00
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British Pound Latest (GBP) - GBP/USD Pullback, EUR/GBP Dips Supported
2020-07-10 08:11:00
GBP/USD Confirms Q1 Bottom, However, Upside Challenges Remain
2020-07-09 18:30:00
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Japanese Yen Q3 Fundamental Outlook, Dow Jones and S&P 500 Eyed
2020-07-10 14:00:00
USD/JPY IG Client Sentiment: Our data shows traders are now net-short USD/JPY for the first time since Jun 10, 2020 when USD/JPY traded near 106.92.
2020-07-07 14:23:00
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  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:https://t.co/vg7w10la3j https://t.co/nUvvI3WQpx
  • Australian Dollar is up fractionally this week with Aussie stalling just below the yearly range highs. Here are the levels that matter on the $AUDUSD technical chart. Get your #currencies update from @MBForex here: https://t.co/jYzBK1qH4s https://t.co/gYj4tFbsGS
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  • The US Dollar is pressured as rising coronavirus cases fail to dent 2021 GDP bets. Could the Singapore Dollar, Indonesian Rupiah, Philippine Peso and Malaysian Ringgit rise? Find out from @ddubrovskyFX here:https://t.co/u1qhaIGGoC https://t.co/kvFgxQjLb0
  • The ASX 200 and AUD/JPY are at risk of losses as cases of Covid-19 continue to climb in Victoria, Australia’s second-most populous state. Get your #ASX market update from @DanielGMoss here: https://t.co/O0LNvhy4eY https://t.co/mS9vLeVU5Y
  • The Dow Jones could fall based on positioning signals, will the growth-linked Australian Dollar and Canadian Dollar follow? If so, what are the technical barriers ahead? Find out from @ddubrovskyFX here:https://t.co/yJrlR5C00P https://t.co/W45z2yNjr0
  • Further gains in USD/IDR could be curbed as USD/PHP establishes a floor around 2017 lows. USD/MYR may fall next as USD/SGD fast approaches a key falling trend line.Get your #ASEAN currencies market update from @ddubrovskyFX here:https://t.co/9JgZm2n8Fl https://t.co/Yg6WSFxt8T
  • The New Zealand Dollar is aiming higher, with NZD/USD eyeing fresh yearly highs while AUD/NZD may be carving out a bearish Head and Shoulders chart pattern. Get your $NZDUSD market update from @DanielGMoss here:https://t.co/osFxXvq5xF https://t.co/zcmqsFR9tg
Time to Begin Trading GBP/USD from the Long Side

Time to Begin Trading GBP/USD from the Long Side

2013-03-13 14:05:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

The GBPUSD reversed from just below the 61.8% retracement of the 2009 range (1.3500-1.7042) yesterday. Weakness from 1.5221 has taken the form of a wedge (ending diagonal) with a slight throwover (quick drop below the wedge support and reversal). Reversals from wedges are often quick and the target is the origin of the pattern (in this case 1.5221). The near term picture is constructive.

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter for real time updates @JamieSaettele

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Jamie is the author of Sentiment in the Forex Market.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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