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Major Currency Pairs: EUR/USD USD/JPY GBP/USD : May 30, 2014

Published 05/30/2014, 05:50 AM
Updated 03/09/2019, 08:30 AM

EUR/USD

Current level - 1.3600

EUR/USD Daily Chart

Still in the consolidation pattern above 1.3585 low and my outlook here remains bearish below 1.3638 minor resistance, for a renewal of the slide towards 1.3475. Crucial on the upside is 1.3668.

Resistance & Support

USD/JPY

Current level - 101.62

USD/JPY Daily Chart

Although there is no clear sign of trend dynamics here, my outlook is rather bullish above 101.30 support, for a rise through 102.14, en route to 103.00 area.

Resistance & Support

GBP/USD

Current level - 1.6733

GBP/USD Daily Chart

The intraday bias is still positive after the recent low at 1.6689 and I favor an upswing towards 1.6780 key resistance, for a retest of the break through the dynamic support on the daily frame, before renewal of the overall downtrend. Crucial on the downside is 1.6703 intraday low.

Resistance & Support

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