EUR/USD USD/JPY GBP/USD Daily Outlook: October 25, 2012
Deltastock | Oct 25, 2012 08:37AM ET
Today's break above 1.2997 crucial level shows, that a bottom is in place at 1.2921 low and my outlook is bullish, for a rise towards 1.3085, en route to 1.3170. Initial intraday support is projected at 1.2987 and crucial on the downside is 1.2967.
USD/JPY
The corrective pattern below 80.00 has been completed at 79.69 low and the outlook here is positive for 80.60 resistance. Initial intraday support is projected at 79.99 and crucial on the downside is 79.69.
GBP/USD
With the break above 1.5997 the bias here is already bullish with an initial target at 1.6178, followed by 1.6308 high. Intraday static support is projected at 1.6050 and it guards the positive outlook for the day.
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