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Trading Outlook for USD-pairs, GBP/JPY, and Euro & Yen Cross-rates
Several major USD-pairs are at pivotal spots, including GBP/USD (13860/790), AUD/USD (7780/30), NZD/USD (7217/174), USD/CHF (9420/70), and USD/JPY (10732/90). EUR/USD, which is at a major focal point right now, as well. EUR/USD is currently trading around an important slope extending over from May 2016 and the monthly low at 12204. A break below the monthly low could act as confirmation of a double-top at the 2008 trend-line, but it won’t be without further support not far below as the 2017 breakout high and trend-line from April are currently in confluence just under 12100. The long-term trend-line coupled with a ... (full story)