Daily Technical Analysis and Forex tips 31st January 2018

Daily Technical Analysis and Forex tips 31st January 2018
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Explore daily forex research, the powerful analysis and trade ideas solution of US Dollar, Euro, Japanese Yen, British Pound Sterling, Swiss Franc, Canadian Dollar and Australian Dollar. Read Daily forex tips of 31st January 2019

EUR/USD Intraday: the upside prevails

Our preference is for long positions above 1.1450 with targets at 1.1515 & 1.1540 in extension. Alternative scenario is below 1.1450 look for further downside with 1.1410 & 1.1390 as targets.

GBP/USD Intraday: the bias remains bullish

Our preference is for long positions above 1.3095 with targets at 1.3155 & 1.3200 in extension. Alternative scenario is below 1.3095 look for further downside with 1.3055 & 1.3015 as targets.

USD/CHF Intraday: consolidation

Our preference is for short positions below 0.9955 with targets at 0.9915 & 0.9900 in extension. Alternative scenario is above 0.9955 look for further upside with 0.9975 & 0.9995 as targets.

USD/JPY Intraday: under pressure

Our preference is for short positions below 109.10 with targets at 108.30 & 107.95 in extension. Alternative scenario is above 109.10 look for further upside with 109.40 & 109.75 as targets.

USD/CAD Intraday: under pressure

Our preference is for short positions below 1.3175 with targets at 1.3115 & 1.3060 in extension. Alternative scenario is above 1.3175 look for further upside with 1.3220 & 1.3260 as targets.

AUD/USD Intraday: the bias remains bullish

Our preference is for long positions above 0.7235 with targets at 0.7300 & 0.7325 in extension. Alternative scenario is below 0.7235 look for further downside with 0.7205 & 0.7175 as targets.

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