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24 Apr 2013
Forex Flash: Majors look technically mixed ahead - Scotiabank
FXstreet.com (Barcelona) - Scotiabank analysts have taken a technical look at todays majors and see a mixed outlook ahead.
Starting with EUR/USD, they note that its outlook is mixed and they see downside risk ahead, with spot poised for a near term breach of the 200D MA at 1.2941. Shifting to GBP/USD they are bearish and see support is unchanged at the 50D MA at 1.5195, with the 38.2% Fibonacci level at 1.5190. Finally, they move to USD/JPY and add that they are mixed, and that consolidation continues on failure to make new highs above 100.00.
Starting with EUR/USD, they note that its outlook is mixed and they see downside risk ahead, with spot poised for a near term breach of the 200D MA at 1.2941. Shifting to GBP/USD they are bearish and see support is unchanged at the 50D MA at 1.5195, with the 38.2% Fibonacci level at 1.5190. Finally, they move to USD/JPY and add that they are mixed, and that consolidation continues on failure to make new highs above 100.00.