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November 27th, 2014 @ 3:16 pm by Muhammad Azeem

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gbp-jpySince yesterday, the GBP/JPY currency pair price has tried to drop and then rise in 1 hour chart which seems like price is trying to print a top in an up trend. Hourly support is available at 183.94 price level. I would be probably looking for buy trades, as long as price prints; higher highs and higher lows. If bearish candlestick closes below 183.94 critical support level then bullish trend is going to end. Henceforth, I may jump at the chance to stay out of the market and re-inspect the price action.

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November 27th, 2014 @ 2:21 am by Setyo Wibowo

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EURUSD Forecast    

The EURUSD continued its bullish correction yesterday, slipped above the upper line of the bearish channel and 1.2525 resistance area but still unable to move consistently above those key resistances so far. The bias remains bullish in nearest term. As long as stays inside the bearish channel and below 1.2525 the major bearish scenario targeting 1.2300 – 1.2285 remains valid but a clear break above 1.2525 and violation to the bearish channel not only would be a threat to the bearish scenario but also could be an early signal of a bullish reversal scenario. Immediate support is seen around 1.2440. A clear break below that area could lead price to neutral zone in nearest term but would keep the bearish scenario remains strong.

eurusdhourly

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November 27th, 2014 @ 2:17 am by Setyo Wibowo

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GBPUSD Forecast

The GBPUSD had a bullish momentum yesterday after broke above 1.5730 topped at 1.5804. The bias is bullish in nearest term testing 1.5870. Overall I still prefer a bearish scenario at this phase, but a clear break and daily close above 1.5870 could be an early signal of a bullish reversal scenario targeting 1.6000 region. Immediate support is seen around 1.5765. A clear break below that area could lead price to neutral zone in nearest term testing 1.5730 – 1.5700 region.

gbpusdh1

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November 27th, 2014 @ 2:13 am by Setyo Wibowo

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USDJPY Forecast

The USDJPY had another indecisive movement yesterday. The bias remains neutral in nearest term, probably with a little bearish bias testing 117.00 support area. Immediate resistance is seen around 117.80. A clear break above that area could trigger further bullish pressure retesting 118.20 or higher. Overall I still prefer a bullish scenario at this phase.

usdjpyhourly

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November 27th, 2014 @ 2:06 am by Setyo Wibowo

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USDCHF Forecast

The USDCHF continued its bearish correction yesterday and now struggling around the lower line of the bullish channel as you can see on my hourly chart below. The bias is bearish in nearest term. As long as stays inside the bullish channel I still prefer a bullish scenario at this phase targeting 0.9750 – 0.9837 but a clear break below 0.9595 and violation to the bullish channel could be an early signal of a bearish reversal scenario targeting 0.9400. Immediate resistance is seen around 0.9630. A clear break above that area could lead price to neutral zone in nearest term testing 0.9685 and give the bullish scenario another chance.

usdchfhourly

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November 27th, 2014 @ 1:47 am by William Gilday

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This is the AUDUSD 60 minute chart. I thought I would talk about this as we have seen some really nice price actio this week to the bearish side. If you look at the daily chart you will see we are sideways at support. This issue is it just keeps bouncing around and has not taken out the highs yet. You have to say it is nice. Today we had data in Asia that was positive and showing an up candle. I will keep selling this and stay with the trend as price on the daily is far from the current price so we might be able to ride this for some time. Talk Soon William…

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November 26th, 2014 @ 2:19 pm by Mark De La Paz

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Just like yesterdays trade where the market was unable to get traction on good preliminary US GDP data and eventually reversed we are once again seeing a retreat from the knee-jerk response by traders. This time around we are seeing long wicks and indecision candles after the initial move saw dollar dumping as Core Durable Good contracted by -0.9% against expectations of a 0.55 rebound from the previous -0.1% though the headline number did come out better at 0.4% against -0.4% forecasts due to an unexpected surge in the Transport sector. Other numbers were equally disappointing as Personal Income and Spending in the US both turned out at 0.2% short of the 0.4% consensus forecast.

1MetaTrader - FX Clearing

Ahead markets will be looking at more numbers with Final figures for the University of Michigan Consumer Sentiment suddenly getting greater importance as it holds the key to further dollar loses should it confirm yesterdays result of poor Consumer Confidence from the conference board and of course headline Durable Goods. Consensus forecasts has us looking for a 90.2 read against a prior 89.4 figure.

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November 26th, 2014 @ 1:20 pm by William Gilday

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Screen Shot 2014-11-26 at 20.09.28

Hello traders, Well I had to show you this chart as this is the EURJPY daily. This pair has been bullish for a long time and I fond it interesting to see at resistance at 149.00 and also a extreme high. I noticed the Evening Star formation and we do not see that everyday on the daily charts. Price did hit the 149.00 price level and came down some now it looks like it just is sideways. If this formation works this pair should drop and on this chart I would say to that next support level as marked on the chart. There was really nothing special about this review other than the formation that was so clear I liked it and wanted to share with you all as we all know how bullish this pair has been. Thanks Traders and Talk Soon William….

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