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Major Currency Pairs: EUR/USD USD/JPY GBP/USD : April 23, 2014

Published 04/23/2014, 07:01 AM
Updated 03/09/2019, 08:30 AM

EUR/USD

Current level - 1.3810

EURUSD

Although the pair is till capped below 1.3836 dynamic resistance and the downtrend from 1.3904 is intact, my outlook is bullish, for a break trough the crucial resistance at 1.3863, en route to 1.3966 high. Initial support lies around 1.3780 area.

Resistance & Support

USD/JPY

Current level - 102.52

USDJPY

There is still no sign of a reversal here and the bias is neutral between 102.70 and 102.36 minor intraday support. My outlook is counter-trend, for a break through 102.36, en route to 101.85 and 101.30.

Resistance & Support

GBP/USD

Current level - 1.6808

GBP/USD

The recent swings below 1.6841 high are corrective in nature, thus preceding an advance toward 1.6890. Initial support lies at 1.6780, followed by the crucial 1.6750.

Resistance & Support

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