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Forex Forecast: EUR/USD offered at 1.0850, GBP/USD heading down to 1.47, USD/JPY aiming higher

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today’s forex forecast, we discuss the outlook for EUR/USD, GBP/USD, EUR/GBP, and USD/JPY, with Steven Woodcock, Senior FX Analyst at Plutus FX. GBP/USD: Still a range-trade Woodcock believes that despite the slide to 1.50, GBP/USD remains a range-trade. On the trade setup, he prefers small longs, as the cross trades near a key psychological number. He sees the cross heading lower towards 1.47 gradually. USD/JPY: Trading firm USD/JPY trades firm, and might be eyeing 124.90 levels, according

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