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22 Apr 2013
Forex Flash: FX majors waiver in outlooks – UBS
FXstreet.com (Barcelona) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's majors and outline the technical positions.
Beginning with the USD/JPY, the pair is trading within striking distance of resistance at psychological 100.00; a break above which would open 101.45, while support is at 98.11. As for the GBP/USD, “Strong support is at 1.5178, while a break below which would expose the more critical 1.5054 and 1.5034 – resistance is at 1.5368 ahead of 1.5424.” Finally, regarding the USD/CHF, As long as resistance at 0.9345 holds, there is scope for resumption of downside. Support is at 0.9259 ahead of 0.9207.
Beginning with the USD/JPY, the pair is trading within striking distance of resistance at psychological 100.00; a break above which would open 101.45, while support is at 98.11. As for the GBP/USD, “Strong support is at 1.5178, while a break below which would expose the more critical 1.5054 and 1.5034 – resistance is at 1.5368 ahead of 1.5424.” Finally, regarding the USD/CHF, As long as resistance at 0.9345 holds, there is scope for resumption of downside. Support is at 0.9259 ahead of 0.9207.