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EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.1226. The bias is bearish in nearest term testing 1.1215 key support area which is a good place to buy with a tight stop loss as a clear break and daily/weekly close below that area would resume the major bearish trend testing 1.1125/00 or lower next week. Immediate resistance is seen around 1.1250. A clear break above that area could lead price to neutral zone in nearest term retesting 1.1300/25 resistance area. My major technical outlook remains bearish.

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GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.2978 and now struggling around 1.3000 key support area. The bias is bearish in nearest term. A clear break and daily/weekly close below 1.3000 would invalidate the major bullish outlook testing 1.2900 – 1.2800 region next week. Immediate resistance is seen around 1.3050. A clear break above that area could lead price to neutral zone in nearest term but would keep the major bullish trend alive and kicking testing 1.3100/30 region.

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USDJPY Forecast
The USDJPY had another indecisive movement yesterday and still struggling around 112.00 resistance area as you can see on my daily chart below. The bias remains neutral in nearest term and 112.00 region remains a good place to sell with a tight stop loss as a clear break and daily/weekly close above that area would target at least 113.15 region next week. Immediate support is seen around 111.75. A clear break and daily/weekly close below that area could trigger further bearish pullback next week testing 111.00 or lower.

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USDCHF Forecast
The USDCHF had a significant bullish momentum yesterday broke above 1.0095 key resistance area as you can see on my daily chart below. The bias is bullish in nearest term testing 1.0170 – 1.0250 region. Immediate support is seen around 1.0110. A clear break below that area could lead price to neutral zone in nearest term testing 1.0080/50 region. Overall I am neutral on this pair.

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EURUSD Forecast
The EURUSD attempted to push higher yesterday, topped at 1.1324 but closed lower below 1.1300. The bias is neutral in nearest term. Price is still in a bullish phase since bounced-off 1.1215 key support area but need a clear break above 1.1325 to resume the bullish phase retesting 1.1400 region which is a good place to sell. Immediate support is seen around 1.1280. A clear break below that area would retest 1.1215 key support area which remains a good place to buy with a tight stop loss as a clear break below that area would resume the major bearish trend.

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GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias remains bearish in nearest term testing 1.3000 key support area which remains a good place to buy with a tight stop loss as a clear break below that area would invalidate the major bullish outlook testing 1.2900 – 1.2800 region. Immediate resistance is seen around 1.3080. A clear break above that area could lead price to neutral zone in nearest term testing 1.3130 area.

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USDJPY Forecast
The USDJPY had another indecisive movement yesterday. Price is still struggling around 112.00 resistance area as you can see on my daily chart below. The bias remains neutral in nearest term. Price is still in a bullish phase after bounced-off 111.00 support area but a rejection above 112.00 could trigger another bearish pullback. Immediate support is seen around 111.80. A clear break below that area could trigger further bearish pressure testing 111.00 or lower.

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USDCHF Forecast
The USDCHF continued its bullish momentum yesterday and now struggling around 1.0095 key resistance area as you can see on my daily chart below, which is a good place to sell with a tight stop loss as a clear break above 1.0095 would expose 1.0170 region. The bias remains bullish in nearest term. Immediate support is seen around 1.0076 (current low). A clear break below that area could lead price to neutral zone in nearest term but could trigger another bearish pullback testing 0.9985 region.

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EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.1280 but traded higher earlier today in Asian session hit 1.1305. The bias is neutral in nearest term. Immediate resistance is seen around 1.1325. A clear break above that area would retest 1.1400 region which is a good place to sell. Immediate support is seen around 1.1280. A clear break below that area could trigger further bearish pressure retesting 1.1215 key support area which remains a good place to buy with a tight stop loss as a clear break below that area would resume the major bearish trend.

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GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.3042 and hit 1.3032 earlier today in Asian session. The bias is bearish in nearest term testing 1.3000 key support area which is a good place to buy with a tight stop loss as a clear break below that area would invalidate the major bullish outlook testing 1.2900 – 1.2800 region. Immediate resistance is seen around 1.3080. A clear break above that area could lead price to neutral zone in nearest term testing 1.3130 area.

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