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EUR/USD, uptrend seems to be weakening, the pair EUR/USD facing strong resistance at 1.13475, the week started with strong note and pair touched the resistance at 1.13475, EUR/USD forming a indecisive candle which is the indication of the momentum start to decline. EUR/USD can be entered as short trade at 1.12654 with target of 1.11411 keeping stop loss of 1.13570 on daily closing basis. Technical indicator stochastic showing momentum of in short direction.
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USD/JPY-its time to again 108.536
USD/JPY pair has been trading in consolidation from past 3 months and moving in the rage of 106.669 to 108.536, The pair USD to JPY has taken support again at 106.536 which it declined today to further breakdown, its positive sign that the pair will move towards 108.536 in the ongoing week, a long position is favorably seen at 106.840 with a target of 108.536 keeping stop loss at 105.875 on daily closing basis. Technical indicator stochastic is in oversold zone and a crossover is about to happen…
AUD/USD prediction for next week
The AUD/USD prediction for next week with a target of 0.71999, The pair AUD/USD still trading inside the rising channel support at 0.68429, it touched the level of 0.68429 but still didn't made downside breakout which is good sign that the pair will trade further upside. It is expected in the coming week AUD to USD will touch the level of 0.71999 and it is ultimate resistance for coming week trading sessions. Traders can take long position with the target provided keeping stop loss at 0.67842 cl…