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Trading news
23 Apr 2015
Outlook for FX majors – Littlefish FX
FXStreet (Barcelona) - Analysts at Littlefish FX, give the outlook for and key levels for FX majors, and expects a retest of 121.00 while USD/JPY remains above 118.30.
Key Quotes
“EUR: 1.0620 key support for further corrective upside failure here suggest downside trend resumption targeting year to date lows”
“GBP: 1.5130/60 key resistance for trend resumption”
“JPY: While 118.30 contains downside target 121.00 en route to retest of year to date highs, only below 118.30 concerns bullish view”
“CAD: 123/24.50 former support now becomes key resistance”
“AUD: While .7860/80 contains upside anticipate third test of key .7550 failure here opens the bearish target of .72, above .7880 alleviates downside pressure”
Key Quotes
“EUR: 1.0620 key support for further corrective upside failure here suggest downside trend resumption targeting year to date lows”
“GBP: 1.5130/60 key resistance for trend resumption”
“JPY: While 118.30 contains downside target 121.00 en route to retest of year to date highs, only below 118.30 concerns bullish view”
“CAD: 123/24.50 former support now becomes key resistance”
“AUD: While .7860/80 contains upside anticipate third test of key .7550 failure here opens the bearish target of .72, above .7880 alleviates downside pressure”