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The USDJPY pair is only bullish while trading above the 108.20 level, key resistance is found at the 108.40 and 108.70 levels. The USDJPY pair is bearish while trading below the 108.20 level, key technical support is found at the 107.50 and 107.10 levels.

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TVC:UKX , in its daily chart, shows Elliott's wave contracting triangle pattern in progress. The blue box reveals a potential area of a bullish reaction, from where new buyers could be waiting to incorporate their limit pending orders.

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The British index could reach a new high.

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The bulls will need to overcome strong resistance at $7,720 to continue upward movement. On the downside, a healthy stack of support lies between $7,585 - 7,485

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The EUR/USD below 1.1126 aborts bullish view on euro and risk would shift to the downside for stronger retracement of medium-term upmove towards 1.1067 'later' this week.

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GBP/USD pair has pulled back from the 61.8% retracement of its December decline, bottoming at around the 23.6% retracement of the same slide. Technical indicators, in the meantime, continue heading south below their midlines, in line with further declines ahead. Support levels: 1.3050 1.3010 1.2970 Resistance levels: 1.3125 1.3160 1.3200

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GBP/USD’s outlook is positive, according to analysts at Commerzbank. "At the end of last year it reacted back to and recovered from the 55 day ma at 1.2977 currently. The low on the 23rd December was 1.2908 and while above here we will assume an upside bias to retest the December high at 1.3515.

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The EUR/USD pair slipped 0.1% to 1.1165 as data showed the region’s manufacturing downturn deepened in December. Today bearish bias remains strong below 1.1165.

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Bitcoin started a strong upward move from the $6,880 support area against the US Dollar. The price is reversing losses and it is now well above $7,100. There was a break above a key bearish trend line with resistance near $7,120 on the hourly chart of the BTC/USD pair (

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BTCUSD has shown strength rather uncharacteristic to its performance over the past few weeks, surging to $7,520 just an hour or two ago. But since then, the price of the leading cryptocurrency has retreated, returning to $7,150 after bulls failed to break through $7,350. Now 7050 remains strong

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Euro's rally to a fresh 4-1/2 month peak at 1.1239 on Tuesday on usd's continued weakness suggests upmove from October's 2019 trough at 1.0880 remains in progress and further gain to 1.1260 would be seen, however, loss of upward momentum would keep price below 1.1285 and yield a much-needed correction early next week.

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The GBP/USD pair is holding near the mentioned Fibonacci resistance, and with the upside favored in the short-term. Beyond the mentioned high, the pair has room to extend its advance toward 1.3365, while the bullish potential should ease on a break below 1.3190.

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Political uncertainty will likely keep the Pound’s bullish potential limited. Brussels concerned about the short spam left to define the future UK-EU relationship. GBP/USD could accelerate its advance in the near term, mainly if it breaks above 1.3130.

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In the 4-hour chart, the risk is also scheduled to the upside as the pair soared beyond all of its moving averages, while technical indicators barely pared their advances in overbought territory. The pair could extend its advance one beyond the 1.1210 level, as stops should be gathered just above the mentioned monthly high.

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BTCUSD has shown strength rather uncharacteristic to its performance over the past few weeks, surging to $7,520 just an hour or two ago. But since then, the price of the leading cryptocurrency has retreated, returning to $7,350 after bulls failed to break through $7,500.

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The EUR/USD is still consolidating below 1.1100 support become resistance level. At the same level, the 20 and 50 periods EMA are extending resistance to the EUR/USD pairs. Closings of candles below 1.1100 suggesting odds of bearish trend continuation. On the lower side, the EUR/USD has an immediate support around 1.1065 while the violation of 1.1100 can lead the...

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The volatility remains low in the crypto markets as investors are out for Christmas and new year holidays, despite that, we may see slight movement in the market. The BTC/USD continues to maintain a sideways trading range of 7,300 - 7,210. The leading crypto pair is consistently forming lowers low on hourly timeframe, which is suggesting bearish bias among...

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GBP/USD is currently trading at 1.2991 having been kept in a tight 1.2986/94 range in thin market conditions while we await UK PM Johnson and his Brexit team to return from recess and for trade negotiations to drive price action.