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2021/12/13 Market Analysis

Authored by TD Markets
13.12.2021
Technical Analysis
0
1 min

AUDJPY

AUDJPY has rallied to the trendline. At this point traders are keeping a close eye on price action to indicate which direction the market will take. An aggressive break and close above will confirm more bullish momentum and an aggressive rejection and a drop will confirm bearish momentum.

EURGBP

According to the last commentary, EURGBP showed signs of rejection on the 50.0 fib level for a rally to the upside. Recently the market dropped 15 pips but still inside the 50.0 and 78.6 fib levels. An aggressive rejection will indicate bullish momentum.

USDJPY

USDJPY is forming a bull flag after breaking structure to the upside. Traders are preparing for long positions and are looking for an aggressive breakout to confirm more bullish momentum.

Authored by TD Markets
13.12.2021
Technical Analysis
0
1 min
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