GBP/USD Turned Bearish Below 1.4100?

Key Highlights The British Pound traded lower recently and broke the 1.4100 support against the US Dollar. There was a break below a major bullish trend line with support at 1.4060 on the 4-hours chart of GBP/USD. The US ADP Employment Change in March 2018 posted a rise of 241K, more than the forecast of 205K. Today, the UK Services PMI for March 2018 will be rele...
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EUR/GBP Could Resume its Downtrend?

Key Highlights The Euro faced a lot of selling interest near 0.8780-90 against the British Pound and declined. There are two crucial bearish trend lines forming with resistance near 0.8770 on the 4-hours chart of EUR/GBP. The UK Manufacturing PMI in March 2018 increased from the last revised reading of 55.0 to 55.1. Today, the Euro Zone CPI report for March 2018 (...
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Can GBP/JPY Hold This Crucial Support?

Key Highlights The British Pound corrected lower from 150.58 but it found support near 148.80 against the Japanese Yen. There is a significant ascending channel forming with support near 148.80 on the 4-hours chart of GBP/JPY. The pair remains in an uptrend as long as it is above the 148.80 support. Today, the UK Manufacturing PMI for March 2018 will be released, ...
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EUR/USD Holding Crucial Support Near 1.2280

Key Highlights The Euro traded lower recently towards an important support at 1.2280 against the US Dollar. There is a major bullish trend line forming with support at 1.2285 on the 4-hours chart of EUR/USD. The pair must hold the stated 1.2280 support to start a fresh upward wave. Today, the US Manufacturing PMI for March 2018 will be released, which is forecaste...
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USD/JPY Upsides Remain Capped Near 106.50

Key Highlights The US Dollar remains in a major bearish trend below 107.50 against the Japanese Yen. There is a key bearish trend line forming with current resistance at 106.50 on the daily chart of USD/JPY. The pair has to move above 106.50 and then 107.50 to move back in a bullish zone. Tokyo’s Consumer Price Index in March 2018 (YoY) increased 1.0%, compared ...
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Can EUR/JPY Recover Above 132.50?

Key Highlights The Euro made a major top near the 137.50 level against the Japanese Yen. There was a break below an important bullish trend line with support at 134.20 on the daily chart of EUR/JPY. The German GfK Consumer Confidence for April 2018 posted a minor rise from 10.8 to 10.9. Today, the German CPI report for March 2018 (Prelim) will be released, which i...
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GBP/USD Remains Supported Ahead of US GDP

Key Highlights The British Pound formed a short-term top at 1.4244 and declined against the US Dollar. There is a crucial bullish trend line forming with support at 1.4020 on the 4-hours chart of GBP/USD. The S&P/Case-Shiller Home Price Indices in Jan 2018 increased 6.4%, more than the forecast of +6.2% . Today, the US GDP report for Q4 2017 will be released, ...
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Gold Price Back in Bullish Zone above $1,340

Key Highlights Gold price made a nice upside move and traded above the $1,330 and $1,340 resistances against the US Dollar. There was a break above a crucial contracting triangle with resistance at $1,318 on the 4-hours chart of XAU/USD. The Chicago Fed National Activity Index (CFNAI) posted a rise from 0.02 (revised) to 0.88 in Feb 2018. Today, the S&P/Case-S...
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EUR/USD Bullish Medium Term above 1.2250

Key Highlights The Euro moved and settled above the 1.2150 and 1.2200 resistance levels against the US Dollar. There is a major bullish trend line forming with support at 1.2250 on the daily chart of EUR/USD. The US Durable Goods Orders in Feb 2018 increased 3.1%, more than the forecast of +1.5%. Today, the Chicago Fed National Activity Index (CFNAI) for Feb 2018 ...
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Can GBP/JPY Continue Trading Higher?

Key Highlights The British Pound made a nice upside move and traded above 149.00 against the Japanese Yen. There is a major ascending channel forming with support at 148.20 on the 4-hours chart of GBP/JPY. The UK Claimant Count Change came in at 9.2K in Feb 2018, compared with the forecast of -5.0K. Today, the BOE interest rate decision is scheduled and the market...
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