Majors Daily Forecast: August 5, 2014

 | Aug 05, 2014 04:45AM ET

EUR/USD
Risk reward: 1.37
Trend: Down
Sell at 1.3425 SL 1.3457 TP 1.3381

USD/JPY

Risk reward: 1.00
Trend: Neutral
Buy at 102.45 SL 102.13 TP 102.77

GBP/USD

Risk reward: 1.91
Trend: Down
Sell at 1.6873 SL 1.6905 TP 1.6812

USD/CHF

Risk reward: 1.13
Trend: Up
Buy at 0.9063 SL 0.9031 TP 0.9099

The current support/resistance levels are:

EUR/USD: 1.3369, 1.3352, 1.3325 - 1.3481, 1.3498, 1.3525
USD/JPY: 101.98, 101.86, 101.66 - 102.92, 103.04, 103.24
GBP/USD: 1.6801, 1.6778, 1.6740 - 1.6945, 1.6968, 1.7006
USD/CHF: 0.9009, 0.8995, 0.8973 - 0.9117, 0.9131, 0.9153


Total yesterday +87 pips, as shown at our web site.

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