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24.09.2012 10:44 AM
Daily Trading Forecasts (September 24, 2012)

EURUSD: EURUSD corrected lower last week, closing a little below the support level at 1.3000. If the correction is aborted this week, the price might rise towards the support level of 1.3200.

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USDCHF:  This pair was caught in a clear range last week - meaning that there was no significant move in either direction. Whatever happens to EURUSD, it would determine the opposite effect on this pair.

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GBPUSD: Bears failed to gain upper hands on this market despite its weak movement last week. The price touched the resistance level at 1.6300 and fell. We hope that the support level at 1.6200 would halt further fall.

 

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EURJPY: Last week, this cross showed a significant pullback towards 101.00 (though it reached a high of 103.82 in the same week). If that support level holds, the price could rise again from that level.

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USDJPY: On the USDJPY pair there were alternative short-term pressures from bears and bulls - with no clear victory. This week, I would say that what happens on USDJPY would be determined by what happens on other JPY pairs.

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