⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

Major Currency Pairs: EUR/USD USD/JPY GBP/USD : August 04, 2014

Published 08/04/2014, 06:24 AM
Updated 03/09/2019, 08:30 AM
EUR/USD
-
GBP/USD
-
USD/JPY
-

EUR/USD

Current level - 1.3421

EURUSD

Friday's break through the dynamic resistance at 1.3400 signals a reversal of the downtrend from 1.3650 and the pair has entered a corrective phase, before next drowning towards 1.3280. The intraday bias is bullish above 1.3400, for a break through 1.3445 resistance, en route to 1.3502 major hurdle.

Resistance & Support

USD/JPY

Current level - 102.63

USDJPY

The consolidation pattern below 103.05 is still on the run, so allow another slide towards 102.26 support zone and even to 101.93 crucial area, before renewal of the upmove towards 104.10.

Resistance & Support

GBP/USD

Current level - 1.6825

GBPUSD

The overall bias remains bearish, with an initial resistance at 1.6860 and target set at 1.6690. Crucial on the upside is 1.6895 break-out area.

Resistance & Support

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.