USD/JPY: Bearish bias for a slide towards 112.50 support
|EUR/USD Current level - 1.0524
The downtrend is intact, currently testing 1.0520 support zone and next hurdle lies at 1.0450. Crucial on the upside is 1.0560 and only a violation of that level will signal a reversal of the slide.
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USD/JPY Current level - 113.40
A reversal has been confirmed at 113.80 and my outlook is already bearish, for a slide towards 112.50, en route to 111.60.
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GBP/USD Current level - 1.2491
The outlook is already positive, for a break through 1.2520, towards 1.2610 area. Crucial on the downside is 1.2440 zone.
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