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Major Currency Pairs: EUR/USD, USD/JPY, GBP/USD: June 05, 2013

Published 06/05/2013, 01:32 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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EUR/USD

Current level - 1.3063
<span class=EUR/USD" title="EUR/USD" width="509" height="349">
The intraday outlook is slightly bearish after several unsuccessful tests at 1.3105 high. The pair will try to find support around 1.3030-40, for the next leg upwards to 1.3200. Crucial on the downside remains 1.2952 low.
Resistance & Support
USD/JPY

Current level - 99.87
<span class=USD/JPY" title="USD/JPY" width="512" height="350">
I don't think that the rebound above 98.84 is already over. I favor one more upswing towards 101.00 dynamic resistance before the next leg downwards, to the 97.00 area.
Resistance & Support
GBP/USD

Current level - 1.5359
<span class=GBP/USD" title="GBP/USD" width="509" height="344">
Yesterday's low at 1.5270 marks the completion of the consolidation pattern below 1.5372. The current outlook is bullish, for a test of 1.5420 resistance area.
Resistance & Support

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