USD/JPY: The corrective rebound could extend to 110.10 area
|EUR/USD Current level - 1.0725
The corrective pattern below 1.0736 is expected to dip lower, to 1.0670, before bouncing towards new high, around 1.0750.
|
|
USD/JPY Current level - 108.88
My intraday outlook here is positive, for another test of 109.40 resistance, en route to 110.10 zone. Key support lies at 108.30.
|
|
GBP/USD Current level - 1.2808
The pullback after 1.2904 is still underway and I favor a break through 1.2770 to provoke a test of 1.2705 support zone.
|
|
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.