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Forex market reviews

18 December 2015

Analyst Contest

Analyst Contest participant

Analyst Contest participant

Currency Pair: GBPJPY

GBPJPY’s price closed below a support level yesterday i.e. the trend line, given us a signal to look for more downward move towards 167.814 on a longer outlook and 175.239 on a medium term outlook.
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17 December 2015

Analyst Contest

Analyst Contest participant

Analyst Contest participant

Pair: EUR JPY Bearish momentum

WALE O. STEVEN, participant of the Analyst Contest Indicator – Stochastic Strategy; Candlestick pattern/ Chart pattern/ breakout/ trend following Price fail to test and break the high of 14/12/2015 which is 133.515, given us signal to go short as the bears are preparing to take more charge.
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Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

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