Daily Technical Analysis
|Current level - 1.0877
There is still a risk of an intraday bounce towards 1.0915, but the overall outlook remains bearish, for a slide towards 1.0820, en route to 1.0713. Key resistance lies at 1.0950.
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USD/JPY
Current level - 104.42
The intraday bias is positive above 104.00 and a break through 104.62 high will challenge 105.50 area. Crucial on the downside is 104.13 low.
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GBP/USD
Current level - 1.2221
The slide from 1.2330 resistance has tested the dynamic support at 1.2180 and the intraday outlook is positive, for another upswing towards the mentioned hurdle. Trigger on the upside is 1.2257.
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