Major Currency Pairs: EUR/USD USD/JPY GBP/USD : August 07, 2014
Deltastock | Aug 07, 2014 05:29AM ET
EUR/USD
Current level - 1.3368
Current rebound should be considered corrective while capped below 1.3400 resistance, thus preceding another leg downwards, to 1.3280. Crucial resistance on the upside on the daily frame is 1.3445.
USD/JPY
Current level - 102.31
Yesterday's spike low to 101.78 has finalized the consolidation pattern below 103.50 and current outlook is positive, for a break through 103.05, en route to 104.10. Initial intraday resistance lies at 102.46.
GBP/USD
Current level - 1.6838
The outlook here remains bearish below 1.6895 resistance, for a break through 1.6805 low, en route to 1.6690 support zone.
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