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Forexcom News Agency
21 hours ago•Forexcom
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USD/JPY: A Contrarian Case

USD/JPY: A Contrarian Case

Merely for a point of reference, it's uncomfortable how much of the crowd seems to remain bullish in USD/JPY. This is anecdotal, of course, and observational so somewhat subjective, but putting all the pieces together seem to make the risk-reward potential in USD/JPY look askew to the upside.

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JPYUSD JPYUSD
Source: Forexcom
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InvestingCube News Agency
Yesterday•InvestingCube
Forex Medium Importance Neutral
USD/CAD Climbs as Falling Oil Prices Weigh on Canadian Dollar Ahead of Key Resistance

USD/CAD Climbs as Falling Oil Prices Weigh on Canadian Dollar Ahead of Key Resistance

Summary:USD/CAD climbed toward weekly highs as falling oil prices weakened the Canadian dollar despite strong domestic trade data. Canada's trade surplus reached a four-year high, but the positive economic data was overshadowed by the sharp decline in crude oil prices.

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USDCAD USD/CAD
Source: InvestingCube
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Forexcom News Agency
Yesterday•Forexcom
Forex Medium Importance Neutral
Gold Goes for Break – XAU/USD Massive Move Following $4k Support Build

Gold Goes for Break – XAU/USD Massive Move Following $4k Support Build

I looked into gold at the start of this week and as I said then, sellers were seemingly showing signs of stall as the $4k level had elicited multiple iterations of support. More recently, it was the higher-lows showing a degree of bullish anticipation, but it wasn't until this morning that buyers took that much needed next step, by pushing price up to a fresh monthly high.

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XAUUSD XAU/USD
Source: Forexcom
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