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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
EUR/USD: Bullish: To take partial profit at 1.1430/35. The immediate bullish target that was indicated on Wednesday was quickly met as EUR surged to an overnight high of 1.1365. While the outlook is still clearly bullish and the next level to focus on is at 1.1430/35 (high on the day of Brexit), the pace of the current rally appears to be unsustainable and those who are long should look to take some profit on any approach to 1.1430/35. GBP/USD: Neutral: Room for further extension to 1.3270 but odds are not high. While we anticipated a corrective rebound to 1.3170 (see update on Wednesday), the pace of the up-move was ... (full story)
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Do your homework, follow the footprints of smart money
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Onwards and upwards...
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