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Majors in a technical snapshot - TDS

FXStreet (Guatemala) - Interesting analyses from the analyst team at TD Securities in a technical snapshot across a hand-full of key pairs.

Key Quotes:

"EUR/USD heads for a soft close on the week; bearish forces are gathering again – look to fade short-term gains."

"USD/JPY's technical profile looks constructive."

"EUR/GBPreaches our short-term bear target and there more downside to come."

"USD/CLP slide steadies and may reverse near-term."

"NOK/SEK turns lower from long-term trend resistance; below 1.0880 support implies more weakness to come."

Gold clings to gains around $1,210

The precious metal is extending the rebound from weekly troughs in sub-$1,200.00 levels, reverting at the same time a 4-week negative streak.
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USD/JPY to close its seventh positive month since July; +200 pips monthly gain

After rallying 50 pips from 119.25 in the American morning, the USD/JPY has been trading sideways in between daily highs at 119.80 and 119.60. The pair is closing positive for the second day and it's ready to close positive for the second week as well.
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