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Major Currency Pairs: EUR/USD USD/JPY GBP/USD : November 01, 2013

Published 11/01/2013, 03:25 AM
Updated 03/09/2019, 08:30 AM
EUR/USD

Current level - 1.3556
EUR/USD
Yesterday's break through 1.3700 support zone unleashed a severe downtrend, which is still intact, heading towards 1.3450 area. Initial resistance is projected at 1.3575, followed by the crucial 1.3690.
Resistance & Support
USD/JPY

Current level - 98.06
USD/JPY
The bias here is negative after the recent reversal at 98.67 high and the pair is currently testing 97.75 support zone. A break through the latter will set the focus on 96.90 low.
Resistance & Support
GBP/USD

Current level - 1.6034
GBP/USD
My outlook here remains negative, for a slide towards 1.5890 low. Initial resistance is projected at 1.6067, followed by the key area around 1.6120.
Resistance & Support

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