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Thursday's Major Currency Pairs

Published 03/14/2013, 07:43 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 - 1.2960
<span class=EUR/USD" title="EUR/USD" width="553" height="377">

Yesterday's break below 1.2990 signals, that the downtrend has been renewed and my outlook here is negative below 1.2990 resistance, for a slide towards 1.2880, en route to 1.2760. Crucial on the upside is 1.3070 peak.
Resistance & Support
USD/JPY

  • Current level - 96.18
<span class=USD/JPY" title="USD/JPY" width="557" height="379">

the intraday bias is positive above 96.05 support area, but while the peak at 96.69 is intact, I favor a reversal and a beginning of a slide towards 95.10. Crucial o the upside is 96.69 high.
Resistance & Support
GBP/USD

  • Current level - 1.4930
<span class=GBP/USD" title="GBP/USD" width="554" height="381">

Although yesterday's test at 1.4910 support area failed, the bias here remains bearish below 1.4980 resistance and I favor a downmove towards 1.4780. Initial resistance is projected at 1.4980 and crucial on the upside is 1.5080.
Resistance & Support

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