Currency Technical Analysis by Adam Smith Associates Pvt. Ltd. [www.adamsmith.tv]

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Currency Technical Analysis by Adam Smith
Associates pvt. ltd.
Adam Smith Blog June 21, 2017

• EURO
• Euro ca points to 1.105 and 38.2 retracement
  is at 1.102, the trend should still be
• lower.

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Currency Technical Analysis by Adam Smith
Associates pvt. ltd.
Adam Smith Blog June 21, 2017

• USDJPY
• USDJPY should continue higher in wave c up to
  115. Support is near 110.60

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Currency Technical Analysis by Adam Smith
Associates pvt. ltd.
Adam Smith Blog June 21, 2017

• USDGBP
• USDGBP took support on the averages and has
  mostly started wave 5 up. Support is
• near 0.783 amd 0.777 and we should be heading to
  test 0.808 swing high next and
• eventually the wave 3 high at 0.846.

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Currency Technical Analysis by Adam Smith
Associates pvt. ltd.
Adam Smith Blog June 21, 2017

• USDCNY
• USDCNY corrected in 3 waves in what might be a
  4th wave correction in a channel.
• Wave 5 up could start from 6.78. I cannot rule
  out a dip to 6.76, while non needed, and
• it would be a 38.2 retracement of wave 3. 51
  pionts to 7.04 in wave 5 up. 6.892
• resistance from the falling channel where we
  would have to breakout for higher levels.

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Adam Smith Blog June 7, 2017

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