EUR/USD: Allow another dip 1.2100 area before advancing towards 1.2500 area
|EUR/USD Current level - 1.2272
The reversal at 1.2160 signals a prolonged consolidation pattern and despite the positive intraday bias there is still a chance for a dip to 1.2090 before renewal of the general uptrend towards 1.2500. Key intraday support lies at 1.2217.
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USD/JPY Current level - 110.68
The pullback below 111.00 has neutralized the positive bias and current situation is neutral. Initial resistance lies at 111.20 and a violation of 110.20 low will challenge 109.50 zone.
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GBP/USD Current level - 1.3917
The consolidation pattern here is still underway and while trading remains capped below 1.3940 peak there will be a chance for another dip to 1.3800 before climbing beyond 1.4000 hurdle.
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