Major Currency Pairs: EUR/USD USD/JPY GBP/USD : October 07, 2013
Deltastock | Oct 07, 2013 07:33AM ET
Current level - 1.3584
The slide from 1.3645 signals a reversal of the recent uptrend and my outlook here is already negative, for another downswing towards 1.3460. Key resistance on the upside is projected at 1.3610.
USD/JPY
Current level - 97.09
The bias here remains negative and I expect a break through 96.80 to trigger a slide towards 95.75 major support zone. Crucial on the upside is Friday's high at 97.47.
GBP/USD
Current level - 1.6067
Current rebound after 1.6010 intraday low should be considered corrective, thus preceding next wave downwards, to 1.5850. Major resistance is projected at 1.6130 and it should cap the upside, provoking a sell-off towards the mentioned target.
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