Major Currency Pairs: EUR/USD USD/JPY GBP/USD : February 07, 2014
Deltastock | Feb 07, 2014 06:56AM ET
EUR/USD
Current level - 1.3558
The intraday bias is positive after the recent break through 1.3580 resistance, but the downtrend on the senior frames from 1.3893 is still intact, so I favor a slide through 1.3540 to initiate a downswing towards 1.3390.
USD/JPY
Current level - 101.94
Yesterday's break through 101.70 resistance signals a positive intraday bias, but the outlook on the senior frames remains bearish, so I favor a break through 101.23 crucial level to trigger a sell-off towards 99.00 area. Initial intraday resistance is projected at 102.38, followed by 102.92.
GBP/USD
Current level - 1.6341
The outlook here remains positive, for a rise towards 1.6450. Crucial support on the downside lies at 1.6271 low.
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