Major Currency Pairs: EUR/USD USD/JPY GBP/USD : April 02, 2014
Deltastock | Apr 02, 2014 05:34AM ET
EUR/USD
Current level - 1.3803
The rebound above 1.3704 low seems corrective in nature, so my outlook here is bearish, for a break through 1.3760, en route to 1.3640. Crucial on the upside is 1.3880.
USD/JPY
Current level - 103.80
The uptrend here is intact, with an initial intraday support at 103.70 and current resistance at 104.50. Only a violation of the crucial 103.40 will signal a reversal of the upmove from 101.70.
GBP/USD
Current level - 1.6641
There is a minor reversal at the recent peak at 1.6683 and my outlook here is bearish, for a break through 1.6595, en route to 1.6470. Crucial on the upside is 1.6683.
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