Major Currency Pairs: EUR/USD USD/JPY GBP/USD : March 11, 2014
Deltastock | Mar 11, 2014 08:21AM ET
EUR/USD
Current level - 1.3853
The consolidation pattern after 1.3914 peak is still underway and the intraday bias is negative, for a slide towards 1.3820 key support area. The latter should provide reliable support for the next leg upwards, to 1.4000 sentiment area.
USD/JPY
Current level - 103.30
Despite the sell-off after the test of 103.75, the uptrend here is still intact and there is a risk of one more spike high before breaking below 102.82, en route to 101.50
GBP/USD
Current level - 1.6630
Yesterday's break through 1.6680 dynamic support confirmed the bearish outlook and the bias here remains negative, for a slide towards 1.6580 support zone. Next significant support below 1.6580 lies at 1.6475. Initial intraday resistance is projected at 1.6653.
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