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Next week is a quiet week from a data perspective and may be welcomed by market participants. Obviously the US shutdown is not ideal, but after a busy few weeks of data releases and with earnings season around the corner, market participants may welcome some calm before a potential storm in Q4. Let us take…
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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…
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GBP/JPY Price Forecast: Tests major resistance level but short-term trend bullish
GBP/JPY has tested a key resistance level and pulled back. Notwithstanding the roadblock, the short-term trend remains bullish and could lead to more gains. GBP/JPY is seen rising for the eighth consecutive day on Wednesday. It has tested and then pulled back from the key September 2 high at 193.49, a major resistance level. The…
