Major Currency Pairs: EUR/USD, USD/JPY, GBP/USD
Deltastock | May 16, 2013 12:58AM ET
Current level - 1.2902
The bias here remains negative, as the pair is heading towards 1.2850-60 support area. An eventual reversal around 1.2850 should initiate a rebound for 1.2940 resistance area. Minor intraday resistance is projected at 1.2915.
USD/JPY
Current level - 102.39
The recent low at 101.24 marked the final of the consolidation pattern below 102.13 and the uptrend has been renewed, targeting 103.50. Crucial on the downside on the intraday frames is 102.03.
GBP/USD
Current level - 1.5240
Yesterday's slide reached a local at 1.5191 and currently there is a minor reversal on the intraday frames, which could lead to a consolidation pattern for 1.5280 and 1.5380. Crucial on the downside is 1.5190 low.
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