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Major Currency Pairs: EUR/USD USD/JPY GBP/USD : May 08, 2014

Published 05/08/2014, 07:03 AM
Updated 03/09/2019, 08:30 AM

EUR/USD

Current level - 1.3917

EURUSD Daily Chart

The corrective slide from 1.3950 high has built a crucial resistance at 1.3938 and a violation of the latter will signal a renewal of the uptrend, towards 1.4000 sentiment area. Key support on the downside is still projected at 1.3890, followed by the crucial on the lower frames 1.3860.

Resistance & Support

USD/JPY

Current level - 101.72

USDJPY Dialy Chart

Yesterday's upswing from 101.41 confirms a corrective rebound above 101.30 major support and with the reliable resistance around 102.15 th outlook here is bearish, for a sell-off towards 100.00 sentiment zone.

Resistance & Support

GBP/USD

Current level - 1.6960

GBPUSD Daily Chart

The consolidation pattern after the recent peak at 1.6995 is still underway and while the support around 1.6920-00 remains intact, the outlook will be bullish, for a renewal of the uptrend towards 1.7065. Crucial on the downside is 1.6850.

Resistance & Support

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