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Major Currency Pairs: EUR/USD USD/JPY GBP/USD : October 26, 2012

Published 10/28/2012, 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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JPY/GBP
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EUR/USD
<span class=EUR/USD" title="EUR/USD" width="507" height="350">
Yesterday's break below 1.2987 support signaled a reversal at 1.3022 and today's bias continues to be bearish below 1.2965 intraday resistance. My outlook is counter trend, for a reversal around 1.2890 and a rise towards 1.3020, en route to 1.3085.
Resistance & Spport
USD/JPY
<span class=USD/JPY" title="USD/JPY" width="508" height="346">
There is a break below the dynamic support at 80.02, but reversal at 80.38 will be confirmed only after a violation of 79.69 crucial area. My outlook here is rather neutral.
Resistance & Spport
GBP/USD
<span class=GBP/USD" title="GBP/USD" width="509" height="347">
The outlook here remains positive above 1.6050 support area and current slide below 1.6145 dynamic resistance should be considered corrective, preceding next wave upwards, to 1.6308.
Resistance & Spport

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