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The US dollar had another positive day on Friday. The pair was neutral during the day staying below 1.0700. The fresh selling interest emerged in the evening. The euro pushed away from 1.0700 at the beginning of the American session. The major dropped to 1.0650 but only touched it being unable to retake the handle. The resistance is seen at 1.0700, the support stands at 1.0650.

We expect a pull back based on profit-taking. The pair is oversold and needs to let some steam off. Anyway we maintain negative outlook. Sellers may push the spot below 1.0650 in the coming days.


The pound was flat the first part of Friday. Buyers managed to regain control only in the North American session. They pushed the major upwards and broke above 1.2500 post NY open. After breaking the level the pair advanced up to 1.2550 where the major closed the week. The current resistance is seen at 1.2600, the support lies at 1.2500.

We believe the price will maintain its buying bias in the short term. The pair may test 1.2600 in the coming sessions.


The market switched its mood on Friday when the pair turned bearish in the night. Sellers pushed away from 112.00 and led the price lower afterwards. USD/JPY reached 111.40 where the downward pressure lost its legs. The resistance is at 112.00, the support comes in at 111.00.

Buyers need to retake 112.00 to regain control. If sellers move the major lower we may see its further weakening towards 111.00.

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