The USD/JPY pair has been very bullish lately, but as you can see over the last couple of sessions, both Monday and Tuesday, the 125 level has been in the forefront of the thought process as far as traders are concerned.
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The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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Gold prices ended Tuesday's session up 0.3% at $1192.71 per ounce as downbeat U.S. economic data pressured the dollar. The Commerce Department's report showed that new orders for factory goods slumped 0.4% in April.
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According to the analyzes of the CAD/CHF and EUR/USD, trader profited using a binary options platform. Find out how here for June 2, 2015.
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Check out the AUD/USD Forex signal for June 2, 2015 here.
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Check out the USD/JPY Forex signal for June 2, 2015 here.
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Check out the GBP/USD Forex signal for June 2, 2015 here.
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Get the EUR/USD Forex signal for June 2, 2015 here.
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The EUR/USD pair had a very volatile session on Monday, as we continue to test the 1.10 level. This is an area of the chart that is rather resistive, and as a result I believe that breaking above it is in fact going to be very bullish sign.
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The CAD/CHF pair initially tried to rally during the day on Monday, but found the 0.76 level to be far too resistive. With this, the market pullback and formed a bit of a shooting star. I see that the 0.75 level is just below, and it is in fact an area that has been supportive in the past.
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The GBP/AUD pair fell initially during the session on Monday, testing the 1.99 handle yet again. We have seen this several sessions in a row now, as we press up against the 2.00 level.
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Gold settled down $1.69 at $1188.99 per ounce on Monday as strength in the dollar weighed on the market and dimmed the metal's appeal.
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Get the AUD/USD Forex signal for June 1, 2015 here.
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Get the USD/JPY Forex signal for June 1, 2015 here.
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Get the GBP/USD Forex signal for June 1, 2015 here.
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Get the EUR/USD Forex signal for June 1, 2015 here.
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