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GBPJPY

GBPJPY: Bulls Target 159.31

On the 1H timeframe of the GBPJPY currency pair, we see the final part of a large cycle wave y. It takes the form of a double zigzag. The final primary wave Ⓨ is currently under development. The wave Ⓨ is a standard zigzag (A)-(B)-(C),…

The Week Ahead: Risk Play

USDCHF remains in bearish trend Despite the recent short covering, the US dollar would need a stronger argument to make a meaningful U-turn. Massive liquidity from the $1.9 trillion stimulus package, which is expected to pass sooner…

The Week Ahead: Where Next?

USDCHF Surges Backed by Robust Jobs A combination of fundamental and technical factors have put the US dollar in demand lately. Last Friday’s positive NFP number may have offered the buyers more assurance, as improvement in the job…