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Major Currency Pairs: EUR/USD USD/JPY GBP/USD : May 16, 2013

Published 05/17/2013, 08:31 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 - 1.2860
<span class=EUR/USD" title="EUR/USD" width="509" height="350">
The pair is consolidating above 1.2844 low and one more upswing to 1.2910 is likely to complete the corrective pattern, and to initiate a sell-off towards 1.2750 low. Major resistance area is projected at 1.2940-50.
Resistance & Support
USD/JPY

Current level - 102.41
<span class=USD/JPY" title="USD/JPY" width="510" height="351">
Yesterday's peak at 102.74 signals a larger corrective pattern, preceding next rise towards 103.60. Intraday I favor one more downswing, for a test of 101.80-90 support area. Crucial on the downside is 101.24 low.
Resistance & Support
GBP/USD

Current level - 1.5205
<span class=GBP/USD" title="GBP/USD" width="510" height="345">
Still in a consolidation pattern above 1.5190 support zone and intraday one more upswing could be expected to test 1.5280 resistance area, but the bias on the senior frames is negative, for another leg downwards, to 1.5026.
Resistance & Support

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