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Major Currency Pairs: EUR/USD, USD/JPY, GBP/USD

Published 03/11/2013, 10:24 AM
Updated 03/09/2019, 08:30 AM
EUR/USD

Current level - 1.3006
EUR/USD
The break below 1.3080 support signaled, that a top is in place at 1.3133 and my outlook here is negative, for a slide towards 1.2880. Initial resistance is projected at 1.3050-70 and crucial on the upside is 1.3133.
Resistance & Support
USD/JPY

Current level - 96.08
USD/JPY
Friday's impulsive rise reached local peak at 96.60 and current pullback is a corrective one, preceding next wave upwards, to 97.60. Initial support is projected at 95.10, followed by the major hurdle at 94.50.
Resistance & Support
GBP/USD

Current level - 1.4930
GBP/USD
Last week's slide reached a low at 1.4880 and current rebound should be considered corrective in nature, preceding next leg downwards, to 1.4780. Initial resistance is projected at 1.4980 and crucial on the upside is 1.5080 zone.
Resistance & Support

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