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Trade ideas thread - European session 4 January 2023
It was a flow-driven day to start the new year and the dollar benefited as a result, with USD/JPY holding on above 130.00 on the daily while other dollar pairs also showed some notable technical developments. GBP/USD fell below 1.2000 but hung on to the 23.6 Fib retracement level of its swing higher since September, seen at 1.1953. Meanwhile, EUR/USD is looking to contest its broken trendline resistance at around 1.0535 after a bit of a double-top near 1.07... Read More
Posted: Jan 4 2023, 06:51
Author Name: forexlive
Views: 110946