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  #1  
Old 06-19-2017,
aaronjk11 aaronjk11 is offline
 
Join Date: Apr 2017
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Default Vulnerable, Retains Downside Pressure

The pair faces further downside pressure in the short term though seen hesitating during early Monday trading. On the downside, support comes in at the 110.00 level where a break if seen will aim at the 109.50 level. A cut through here will turn focus to the 109.00 level and possibly lower towards the 108.50 level.
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  #2  
Old 06-21-2017,
2IVYUySIyS 2IVYUySIyS is offline
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The pair continues to face further weakness following more declines on Wednesday. Support lies at the 1.2150 level where a break will turn attention to the 1.2100 level. Further down, support lies at the 1.2050 level. Below here will set the stage for more weakness towards the 1.2000 level.
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  #3  
Old 06-22-2017,
5qXCgJayWH 5qXCgJayWH is offline
 
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Conversely, resistance stands at the 1.2250 levels with a turn above here allowing more strength to build up towards the 1.2300 level. Further out, resistance resides at the 1.2350 level followed by the 1.2300 level. On the whole, GBPUSD continues to face downside threats but with caution.
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  #4  
Old 06-23-2017,
60JqSIDe7y 60JqSIDe7y is offline
 
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The pair weakened further the past week leaving risk of more decline on the cards. On the downside, support lies at the 0.9900 level. A turn below here will open the door for more weakness towards the 0.9850 level and then the 0.9800 level
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  #5  
Old 06-23-2017,
7VN09Dv2Rf 7VN09Dv2Rf is offline
 
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Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 1.0000 level where a break will clear the way for more strength to occur towards the 1.0050 level. Further out, resistance comes in at the 1.0100 level. All in all, USDCHF remains biased to the downside on further weakness.
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