Stoyan Mihaylov
DeltaStock.com
EUR/USD Current level - 1.1383
The reversal at 1.1470 led to a precise dip to 1.1360 major support and the outlook is positive above that area, for a test of 1.1420 and a violation of the latter will establish a new trading range between 1.1500 and 1.1360 boundaries, which will lead to a test of 1.1600 zone. An eventual break on the downside will challenge 1.1260.
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USD/JPY Current level - 112.80
The reversal at 112.30 signals a minor corrective pattern below 113.10 before slide towards 111.40. An eventual break through 113.10 will trigger an attack of 113.70.
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GBP/USD Current level - 1.2799
Despite the failure at 1.2880, I don't think, that there is much room on the downside, so expect a break though 1.2880 to unleash a rise for 1.3040.
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