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11 Jul 2017

Depressed GBP/JPY falls below key SMA

GBP/JPY has just crossed below its 200-hour SMA. The last such price-indicator cross has been registered at least over a week ago on this time frame, accentuating its significance.

Traders maintaining a downside bias, extend their projections to the 800-SMA, which corresponds to the 200-SMA on 4hr charts.

Jul 11, 2017

EUR/USD: due a correction towards key 1.1313?

Currently, EUR/USD is trading at 1.1463, up 0.56% on the day, having posted a daily high at 1.1477 and low at 1.1383. EUR/USD rallied in the US shift

AUD/USD hits 1-week highs above 0.7630

AUD/USD is trading at the highest level in a week, above 0.7640. The pair rose 30 pips during the last two hours, breaking above 0.7625/30...