Major Currency Pairs: EUR/USD USD/JPY GBP/USD : April 16, 2014
Deltastock | Apr 16, 2014 08:10AM ET
EUR/USD
Current level - 1.3823
The recent low at 1.3788 was practically a test of the key support around 1.3780 and the outlook is already bullish, for a rise towards 1.3904, en route to 1.3960. Initial minor resistance lies at 1.3835.
USD/JPY
Current level - 102.23
The corrective rebound above 101.30 low is still on the run, and with the recent break through 101.96 the outlook here is bullish, for a tighter test of 102.60-70 area.
GBP/USD
Current level - 1.6748
Yesterday's sell-off to 1.6660 signals, that the whole corrective slide from 1.6820 is over and the bias is already bullish, for another test of 1.6822 resistance. Minor intraday support lies at 1.6711.
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