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EUR/USD USD/JPY GBP/USD Daily Outlook: November 05, 2012

Published 11/05/2012, 06:37 AM
Updated 03/09/2019, 08:30 AM
EUR/USD
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GBP/USD
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USD/JPY
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JPY/GBP
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EUR/USD
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Friday's sell-off bottomed at 1.2821 and after a brief consolidation phase, the downtrend is renewed, heading towards 1.2740 support area. Initial minor resistance is projected at 1.2816, followed by the major hurdle at 1.2924.
Resistance support
USD/JPY
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The recent test of 80.60 resistance area is probably a reversal point of the whole uptrend from 79.28 and my outlook here is negative, for a breakthrough 80.19, en route to 79.40. Initial intraday resistance is projected at 80.37.
Resistance support
GBP/USD
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The downtrend here is intact and after a brief corrective rebound above 1.5997 static support, the slide has been renewed, targeting 1.5910 low. Initial resistance is projected at 1.6005, followed by the crucial 1.6040.
Resistance support

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