EUR/USD USD/JPY GBP/USD Daily Outlook: November 08, 2012

Published 11/08/2012, 09:18 AM
Updated 03/09/2019, 08:30 AM
EUR/USD
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Yesterday's sell-off bottomed at 1.2737 and current rebound should be considered corrective, preceding next slide to 1.2680-90. Initial intraday resistance is projected at 1.2785, followed by the breakout zone at 1.2830. Crucial for the whole downtrend from 1.3139 high is already 1.2875.
Resistance Support
USD/JPY
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The recent attempt for a break beyond 80.43 failed and the pair remains in a ranging mode, but I favor a reversal around 79.60 for a rise through 80.43, en route to 81.70. Crucial on the downside is 79.26 low.
Resistance Support
GBP/USD
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My outlook here remains negative below 1.6005 intraday resistance, for a slide towards 1.5910 area. Crucial on the upside is 1.6043.
Resistance Support

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