Major Currency Pairs: EUR/USD USD/JPY GBP/USD : August 19, 2013
Deltastock | Aug 19, 2013 06:49AM ET
Current level - 1.3320
Friday's peak at 1.3380 signals a minor reversal on the intraday frames and current outlook is negative, for a break through 1.3280 crucial support, en route to 1.3204 low. Initial intraday support is projected at 1.3310.
USD/JPY
Current level - 97.70
The rebound above 97.01 is pretty corrective in nature, thus risking one more downswing for 96.90 support area before bouncing towards 99.90. Crucial intraday low is projected at 97.18.
GBP/USD
Current level - 1.5628
The uptrend is still intact, heading for a test of 1.5700 area and I favor a reversal to trigger a sell-off towards 1.540+ lows. Initial intraday static support is projected at 1.5595 and crucial on the downside is 1.5517 low.
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