Cable is at 1.6410, up from a North American close Wednesday around 1.6350. The pairing is benefitting from a generally weaker greenback, strong risk appetite, and hope in certain quarters that the UK recession may have ended in March. On the last part, I hope they’re right, but am certainly not convinced. Technical supports 1.6395.00 and 1.6345/50, resistances at 1.6430/35 and 1.6450/55.
Cable opens firmer in Europe
Source: www.forexlive.com
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JUNE 8 - PROSTICKS ICHIMOKU FOREX TECHNICAL REPORT FOR EUR, GBP ...
Friday's low was right at our stop level at 1.3930 and our long position was stopped out for profit. Daily closed with upper extreme tail at 1.4220 , weekly ... See all stories on this...
EUR/JPY drifting lower
EUR/USD is back at it’s opening level of 1.3890 and USD/JPY is on it’s session lows at 98.25. This means of course that EUR/JPY is lower, currently trading at 136.50 after posting a high at 137.30 earlier in the session. Dealers say that interest is very low and it is a case of small...
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USD/JPY Daily Outlook
Daily Pivots: (S1) 88.97; (P) 90.16; (R1) 90.83; USD/JPY’s dived to as low as 88.23 before turning sideway. At this point, intraday bias remains on the downside and fall from 97.77 is still expected to continue. Next target will be 87.12 key support level. On the upside, above 89.90 minor...