Major Currency Pairs: EUR/USD USD/JPY GBP/USD : November 01, 2013
Deltastock | Nov 01, 2013 03:25AM ET
Current level - 1.3556
Yesterday's break through 1.3700 support zone unleashed a severe downtrend, which is still intact, heading towards 1.3450 area. Initial resistance is projected at 1.3575, followed by the crucial 1.3690.
USD/JPY
Current level - 98.06
The bias here is negative after the recent reversal at 98.67 high and the pair is currently testing 97.75 support zone. A break through the latter will set the focus on 96.90 low.
GBP/USD
Current level - 1.6034
My outlook here remains negative, for a slide towards 1.5890 low. Initial resistance is projected at 1.6067, followed by the key area around 1.6120.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.