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Major Currency Pairs : February 01, 2016

Published 02/01/2016, 06:28 AM
Updated 03/09/2019, 08:30 AM
EUR/USD
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GBP/USD
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USD/JPY
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EUR/USD

Current level - 1.0847


Friday's slide broke through 1.0850 support and today's bias is negative below 1.0880 resistance, for a possible dip to 1.0770 area.

resistance intraday intraweek 1.0880 1.1060 1.0980 1.1310 support intraday intraweek 1.0770 1.0640 1.0710 1.0510

USD/JPY

Current level - 121.14


The overall outlook here remains positive above 120.20 support, for a tight test of 122.20 resistance area. Initial intraday hurdle lies at 121.70.

resistance intraday intraweek 121.70 122.20 122.20 123.70 support intraday intraweek 120.20 119.00 119.00 115.70

GBP/USD

Current level - 1.4276


The break through 1.4230 signals a reversal at 1.4415, but the intraday bias is positive, for a test of 1.4335 resistance. Minor intraday support is projected at 1.4230.

resistance intraday intraweek 1.4335 1.4790 1.4500 1.4950 support intraday intraweek 1.4230 1.4080 1.4150 1.4000

EUGERMANY30

Current level - 9800


The rise after 9590 is corrective in nature, so while 9840 resistance holds, there will be a risk of another dip towards 9550 area.

resistance intraday intraweek 9840 10160 10160 10630 support intraday intraweek 9590 9250 9250 9130

US30

Current level - 16401


The recent break through 16235 hurdle confirms the positive outlook for a rise towards 16620 area.

resistance intraday intraweek 16450 16813 16620 17240 support intraday intraweek 16235 15450 15850 15300

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