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Major Currency Pairs: EUR/USD USD/JPY GBP/USD : October 02, 2014

Published 10/02/2014, 06:02 AM
Updated 03/09/2019, 08:30 AM

EUR/USD

Current level - 1.2617

EURUSD

Current rebound above 1.2570 low comes from a higher time-frame and will aim to correct the whole slide from 1.2900. The outlook on the senior frames remains bearish and although there is an intraday risk of a short-lived spike to 1.2715 resistance zone, the focus is still set on 1.2440 target zone.

Resistance & Support

USD/JPY

Current level - 108.83

USDJPY

Yesterday's slide through 109.53 signals a major reversal at 110.08, which should provoke a significant pullback towards 107.40. The intraday bias is negative below 109.10, for a downswing towards 108.30 support zone.

Resistance & Support

GBP/USD

Current level - 1.6197

GBPUSD

The consolidation pattern above 1.6160 low is still underway, but while 1.6285 crucial resistance is intact, the outlook here will remain bearish, for a slide towards 1.6050 lows. The latter should provide a reliable base for another upswing towards 1.65+.

Resistance & Support

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