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Major Currency Pairs: EUR/USD USD/JPY GBP/USD : November 18, 2014

Published 11/18/2014, 05:37 AM
Updated 03/09/2019, 08:30 AM

EUR/USD

Current level - 1.2502


Yesterday's slide has already been reversed at 1.2441 and current bias is positive, for a rise towards 1.2600 resistance area. The latter should cap the upside, provoking a renewal of the general downtrend towards 1.2240.

Resistance

intraday intraweek 1.2513 1.2630 1.2576 1.2720 Support intraday intraweek 1.2480 1.2240 1.2397 1.2040

USD/JPY

Current level - 116.78

Current rise from 115.41 is the second part of the consolidation pattern below 117.04 high and I favor a reversal of the intraday rise, for a break through the crucial 116.39 low, en route to 115.40.

Resistance

intraday intraweek 117.04 118.40 117.30 120.00 Support intraday intraweek 116.39 113.85 115.40 110.08

GBP/USD

Current level - 1.5649

Yesterday's slide reached a local low at 1.5618 and now the outlook is positive, for another upswing towards 1.5730 before drowning towards 1.5430 target zone.

Resistance

intraday intraweek 1.5730 1.5790 1.5790 1.6020 Support intraday intraweek 1.5590 1.5430 1.5430 1.5240

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