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EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

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Oil - US Crude
Bullish
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High
of clients are net long.
of clients are net short.
Long Short

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Gold
Mixed
Low
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of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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GBP/USD
Bearish
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.36%, while traders in France 40 are at opposite extremes with 75.40%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/aAIOaR5TbE
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  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: France 40: 0.33% Germany 30: 0.28% Wall Street: 0.18% US 500: 0.13% FTSE 100: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/uRvdwUEYPt
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Looking to Sell GBP/JPY

Looking to Sell GBP/JPY

Joel Kruger, Technical Strategist

This market has been very well bid over the past several sessions and while we could indeed be in the process of seeing a major structural shift, we also can not ignore the severely overbought short-term technical studies which warn of the potential for a pullback before the market once again looks to reassert and continue higher. The daily RSI has recently traded up by 80, and should our in-house model permit, we recommend looking to sell rallies into critical resistance by the multi-week highs at 127.30 for a 123.00 objective. Stop on close above 128.50.

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