Major Currency Pairs: EUR/USD USD/JPY GBP/USD : April 24, 2014
Deltastock | Apr 24, 2014 06:20AM ET
EUR/USD
Current level - 1.3820
Yesterday's rise failed to break beyond 1.3863 resistance and the intraday bias is slightly bearish, risking one more downswing to 1.3780 support area. On the mid-frames the outlook remains positive, for a break through 1.3863, en route to 1.3966.
USD/JPY
Current level - 102.32
A reversal has been confirmed at 102.70 and my outlook here remains bearish, for a break through 101.90, en route to 101.30 major support. Crucial on the upside is 102.70 resistance zone.
GBP/USD
Current level - 1.6795
Yesterday's slide bottomed above 1.6750 major support and my outlook here is bullish, for a break through 1.6841, en route to 1.6890. Crucial on the downside is 1.6750.
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