Major Currency Pairs: EUR/USD USD/JPY GBP/USD : August 21, 2014
Deltastock | Aug 21, 2014 07:24AM ET
EUR/USD
Current level - 1.3268
Current rebound above 1.3239 signals a reversal of the slide from 1.3411, but I believe it is only a corrective one, preceding another dip towards 1.3090. Initial intraday resistance is seen at 1.3300, followed by the key area at 1.3330.
USD/JPY
Current level - 103.84
The bias remains positive, for a tight test of 104.11 resistance and the latter could provoke a consolidation phase above 103.40 static support, before advancing higher towards 105.40.
GBP/USD
Current level - 1.6581
Current rebound above 1.6560 is corrective, thus preceding next leg downwards, to 1.6460. Initial intraday resistance lies at 1.6600, followed by the crucial high at 1.6677.
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