Japanese Yen Price Analysis: USD/JPY, CAD/JPY, GBP/JPY Key Levels

USD/JPY and GBP/JPY may reverse lower in the near-term as both exchange rates fail to breach key resistance. CAD/JPY rates eyeing a retest of its post-crisis high.

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GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Oct 02, 2020 when GBP/USD traded near 1.29.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/3iUb5yX
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GBP/USD IG Client Sentiment: Our data shows traders are now net-long GBP/USD for the first time since Oct 02, 2020 when GBP/USD traded near 1.29.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bearish contrarian trading bias.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/3iUb5yX
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Canadian Dollar Outlook: USD/CAD Breakdown Stalls

Canadian Dollar offensive may be vulnerable here as the USD/CAD sell-off stalls near trend support. These are the levels that matter on the Loonie technical charts.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/34UEJiQ
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Canadian Dollar Outlook: USD/CAD Breakdown Stalls

Canadian Dollar offensive may be vulnerable here as the USD/CAD sell-off stalls near trend support. These are the levels that matter on the Loonie technical charts.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/34UEJiQ
via IFTTT