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Posted on Jan 24, 2021 at 10:51 PM
Last week's analysis was definitely for the doers! Did you join the trades on the last big 4 analysis? If you missed it then this is another chance to make a minimum of 50 pips easily with our weekly technical analysis.
EUR/USD: this week, 1.2155 is the key price level. A break below 1.2145 should provide sell opportunities & otherwise, we may see a continuation of the current bullish direction.
GBP/USD: Looking to find support at 1.3660 regions before further moves downward can be considered. Meanwhile, a break above 1.3700 could signal bullish continuation.
USD/CAD: Likely to drop to 1.2690 before rallying up some more. A break below 1.2675 should start a new bearish drop.
BIAS: CONSOLIDATION/ Breakout
EUR/JPY: Huge "W-formation" spotted. A drop below 126.00 starts a bearish reversal or a bounce from 126.20 could continue the buy rally.
BIAS: Bearish Reversal/Bullish Continuation.
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