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Forex Forecast: GBP/USD drifting, Looking at 1.18 for EUR/USD, USD/JPY going a lot higher...

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    In today’s forex forecast, we offer the outlook for GBP/USD, EUR/USD and USD/JPY with Steven Woodcock, Senior FX Analyst at Plutus FX. Key Points: GBP was sold across the board after the UK data today, but remains range bound now. Falling below 1.40 will see another downleg. EUR/USD likely to see 1.18 levels, but moving towards 1.10 area will negate this view. USD/JPY likely to see consolidation ahead before buyers pour in. Longer-term view remains bullis.

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