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Forex Forecast: GBP/USD a range trade; USD/CAD going higher, Buy the dips on USD/JPY

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today's forex forecast, we look at the technical charts for GBP/USD, USD/CAD, USD/JPY, EUR/USD, EUR/GBP and Gold (XAU/USD), with Steven Woodcock, Senior FX Analyst at PlutusFX, and Zak Mir, Technical Analyst at Zak's Traders Café. Key Points "EUR/GBP – no conviction either side." "GBPUSD – Sticking to its levels, bounced of 1.40 level, over the course of the day there is a possibility of a big figure move" "USD/JPY – Nuyer on dips, JPY crosses moving higher. Bias remains tilted to the long

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