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USD/JPY jumps in thin market

Even though there are holidays in many countries today, traders have been eager to get on board of USD/JPY move, which does seem to have at least some potential still. The pair jumped 50 pips in two hours as European session got underway.
115.50 - 116 held on Friday and is the first stronger support area to watch before 114.50 - 115. Last week's high (117.80) is the initial resistance. A successful break would target December high (118.65) and then 119.50 - 120.
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EURo bottom?

Hello traders,
Last two weeks the volatility increases in Thursday and it was a matter of time before the Euro to drop deep down. It was again Mario's fault (Mario Draghi speech). Of course I waited passionately to reach some bottom and enter in all possible euro pairs where and when possible. For example here is the EUR/AUD
This was the most suitable pair because it has additional fall during the Asian session. This was fast 20 pips.
I hope you were also profitable in this short period because …
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EURo undecided

Euro staged an impressive rally yesterday but then reversed at the end of the European session. Hawkish remarks from Fed Chair Yellen right after the US market close led to another 60 pip decline and the pair is now trading near yesterday's opening levels.
The pair is sandwitched between three important moving averages: 200 DMA above (~1.1190) and 50 and 100 DMA below (~1.1145). Judging by yesterday's strong rejection near 1.13, perhaps the most likely scenario is a retest of the seven-month cha…
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Cable the strongest

Cable had a great run as it rose in the last seven out of eight days. It shrugged off weak inflation report, but the labour market report (particularly wages data) and hawkish BOE sent it higher in yesterday's European session. The gains were compounded after the Fed offered too little for the Dollar bulls.
Next resistance may come in between 1.5870 and 1.5900 (200 WMA, 50.0% retracement of July 2014 to April 2015 decline, 1.59 level) before stronger into 1.60. Broken 1.58 level shall now act as…
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EURo extends yesterday's gains

Due to the big part of Europe on (bank) holiday, today's European session was slower and choppy. But that didn't stop the Euro to break through 1.14 and to the new cycle-high of 1.1445, just below the February 17th high.
There was some profit taking in the European/US session overlap and, as is often the case, intraday low was posted around 16:00 GMT fix. Tomorrow is Friday, but we may still see another attempt or even break to new highs as momentum has been strong and rally does not appear to b…
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EURo continues higher

Following yesterday's bounce from previous (1.0450 - 1.1050) range high, Euro was bid for the most of Asian session and came into European session on its highs. Despite positive data and few attempts to the upside, it went sideways until weaker than expected ADP Non-Farm Employment Change sent it through resistance in 1.1275 - 1.1300 band.
1.1380 - 1.1410 is the next strong layer of resistance: Weekly Resistance 1 (1.1383), 1.14 level, Daily Resistance 3 (1.1407). On the downside, 1.13 level sha…
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EURo through the roof

Euro has convincingly broken above late March and early April highs near 1.1050. It was trading below 1.10 during most of the European session but then much weaker than expected US Advance GDP release sent it through the roof.
It busted January low (1.1098) and all three daily pivot point resistances in the process, before stalling ahead of 1.12 level and Weekly Resistance 3 just above that. Hawkish FOMC statement then offered longs an excuse to take some off the table and the pair subsequently …
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EURopean Session: Orders and Options Watch

EUR: Despite intra-day rebound to 1.0792, the single currency has slipped again in European morning, offers are lowered to 1.0785, 1.0800 and 1.0820, more sell orders are reported at 1.0840 and 1.0870, selling interest should emerge around 1.0900 and further out at 1.0950. On the downside, bids at 1.0730 were filled but buy orders are still seen at 1.0700, 1.0685 and 1.0665, more buy orders are expected at 1.0650 (stops below) and 1.0630, mixture of bids and stops is located at 1.0600. Option ex…
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Cable breaks 1.55

Cable broke above 1.5485 and 1.5500 in early European session and traded up to 1.5538. It then reversed and fell all the way back through both levels to 1.5467, which is common pattern when busting strong levels. It stabilized just below the big figure but is now trying to reclaim it. The next stronger layer of resistance is now between 1.5580 and 1.5620 (100 DMA, this year's high, 1.56 level and December 31 high).
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