Major Currency Pairs: EUR/USD USD/JPY GBP/USD : October 17, 2014
Deltastock | Oct 17, 2014 08:15AM ET
EUR/USD
Current level - 1.2783
The upmove from 1.2500 remains intact, with an initial support at 1.2705, but I favor a reversal to initiate a slide towards 1.2600.
USD/JPY
Current level - 106.50
The intraday outlook is already positive, although a break through 106.70 is needed in order to signal, that a bottom is in place at 105.19. Crucial on the downside is 105.50.
GBP/USD
Current level - 1.6058
The overall bias here remains positive above 1.6025 intraday support, but I favor a reversal below 1.6134, for a slide towards 1.5870.
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