Friday December 9, 2016 - 17:22:32 GMT
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Valerio Gelpi - www.valeriogelpi.com
Amazing Trader Bullish Dollar Post
This was an earlier update from the Amazing Trader. Note that USDJPY has traded to 115 and above while EURUSD has tested 1.0535 support. The Amazing Trader provides structure to the market and gives "amazing" levels to trade.
GVI Trading Jay Meisler 10:58 GMT 12/09/2016
USDJPY (currently 114.50) catch-up is the key flow so far as JPY crosses slip. A test or at least a run at 115 seems inevitable if it holds above 114.50
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EURUSD (currently 1.0620) got some support from EURJPY but negated by soft EURGBP. It should remain a SOB as long as it stays below 1.0690, currently 1.0630 (Amazing Trader resistance posted late yesterday and still holding) held, 1.0650 is pivotal, and strong resistance is at 1.0673-78.
Little on downside except LOD (1.0589) and 1.0535 ahead of 1.0504.
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