GBPUSD: Positive outlook for 1.3050
|EUR/USD Current level - 1.1646
The recent peak at 1.1682 has initiated a minor pullback and the intraday bias is negative, for a test of 1.1617 and even 1.1580 area. Major hurdle lies at 1.1720.
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USD/JPY Current level - 111.06
The downtrend remains absolutely intact and a break through 110.30 support should challenge directly 109.30 dynamic projection. Minor intraday resistance lies at 111.50.
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GBP/USD Current level - 1.2991
Despite the slow pace, the bias remains positive, for a test of 1.3050, en route to 1.3130 area. Crucial on the downside is 1.2960 low and an eventual break through the latter will signal a renewal of the dive towards 1.2860.
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