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Major Currency Pairs: EUR/USD USD/JPY GBP/USD : August 19, 2014

Published 08/19/2014, 05:50 AM
Updated 03/09/2019, 08:30 AM
EUR/USD
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GBP/USD
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USD/JPY
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EUR/USD

Current level - 1.3354

EURUSD

Although the intraday bias is undoubtedly bearish, only a clear break through 103.30 will signal renewal of the general downtrend towards 1.3220 and 1.3090. For now, there is a risk of one more upswing towards 1.3445 resistance area.

Resistance & Support

USD/JPY

Current level - 102.60

USDJPY

The rebound after 102.12 low broke through 102.47 intraday resistance, but the consolidation pattern below 102.72 is still underway, so I favor another dip towards 102.00 area. Crucial on the upside is 102.72 high.

Resistance & Support

GBP/USD

Current level - 1.6705

GBPUSD

The outlook on the senior frames remains negative, for a break through 1.6654, en route to 1.6550. Key resistance on the upside is 1.6755 and minor intraday support lies at 1.6700.

Resistance & Support

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