Forex Journal

Friday, May 18th

Last update:10:09:26 AM GMT

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Crosses

GBP/JPY Analysis

GBP/JPY: The corrective pullback from the March 133.50 highs looks to have finally found solid support in the 127.00 area and from here we look for the formation of a medium-term higher low in favor of the next upside extension, eventually back above 133.50.

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EUR/JPY Analysis

EUR/JPY:The corrective pullback from the March 111.40 highs looks to have finally found solid support in the 105.00 area and from here we look for the formation of a medium-term higher low in favor of the next upside extension, eventually back above 111.40.

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EUR/GBP - Clearance Of Key Support Opens Further Downside Risk

EUR/GBP - Having broken and held firmly below its key support at the 0.8218 level,EURGBP faces further downside risks.

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EUR/JPY Analysis

EUR/JPY:The market is finally in the process of correcting following the latest surge to fresh 2012 highs just over 111.00.

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GBP/JPY Analysis

GBP/JPY: The market is finally in the process of correcting following the latest surge to fresh 2012 highs by 133.50.

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