EUR/USD
Resistance levels: 1.3815/1.3850/1.3880
Support levels: 1.3760/1.3720/1.3670
EUR/USD has reversed directly towards 1.3815 Resistance earlier today No important fundamental news today.The bias remains positive and the break beyond 1.3683 record high signals further upmove towards 1.3880 in longer term , targeting 1.40 First up target is in the 1.3850-55 region. On downside, first Support comes around 1.3760 ahead of 1.3720 daily bottom. Look to buy on pullback for test of 1.3850-55 area and 1.3880.
Strategy-neutral.
GBP/USD
Resistance levels: 2.0350/2.0420/2.0460
Support levels: 2.0300/2.0240/2.0160
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GBP/USD has had a decent rally directly beyond 2.0350 earlier today after Bank of England Inflationary Report, rebounding from the 2.0156 daily low ( just a shy away from our second target at 2.0150) We have booked 60 pip profit over the first part of our Short position. Unfortunately, the rest of the position has been sopped earlier today at 2.0250 with another small 20 profit. The bias has reversed for test of 2.0460 key Resistance and up target over the next couple of days. In longer term, a break beyond 2.0460 signals resuming the uptrend towards 2.0600 and higher. On downside, first minor Support comes at 2.0300 ahead of 2.0340 stronger one. Look to buy on pullback for test of 2.0450-60 area over the next trading days.
Srategy-neutral.
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USD/JPY
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Resistance levels: 119.45/119.90/120.30
Support levels: 118.90/118.00/117.20
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USD/JPY has risen to 119.40-50 first Resistance region earlier today exactly as it was suggested.. No change in our view. As long as price is below 119.50 key Resistance level the bias remains bearish for retest of 117.20 bottom and lower with next target at 116.60. First Support and pivot comes around 118.90 ahead of 118.00 yesterday bottom. On the other side, a break above 119.40-50 area may reverse the bias directly towards 120.20-30 area over today and tomorrow
Strategy-neutral.
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