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4 Aug 2014

Credit Suisse: GBP/USD correction lower to extend further - eFXnews

FXStreet (Łódź) - The eFXnews team remark that Credit Suisse analysts expect GBP/USD's correction to deepen after extending below 61.8% retracement support at 1.6884.

Key quotes

"This points to a bigger top and a more extended correction lower."

"We thus stay bearish for 1.6739 next, and potentially on to what we expect to be more solid support at 1.6698/93, the May/June lows."

'This content has been provided under specific arrangement with eFXnews.'
Aug 4, 2014

EUR/JPY correction higher persists – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees potential for further upside to the 140.00 handle...
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Aug 4, 2014

Gold currently bearish

Independent Analyst Vladimir Mihaylov suggests that gold's new resistance at 1292 will keep it from rising above 1300.
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