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24 Apr 2013
Forex Flash: FX majors poised to gain – UBS
FXstreet.com (Barcelona) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's majors and outline the technical positions.
Beginning with the USD/JPY, resistance is at the psychological 100.00, a break above this would be positive opening 101.45, while support is at 98.49 ahead of 97.85.. As for the GBP/USD, “Support is at 1.5190, a breach of which would trigger deeper sell-off to 1.5122 and then 1.5054, while resistance is at 1.5305 ahead of the more critical1.5424” Finally, regarding the USD/CHF, yesterday’s sharp advance suggests scope for extension of the strength to 0.9527 and then 0.9567. Support is at 0.9366 ahead of 0.9277.
Beginning with the USD/JPY, resistance is at the psychological 100.00, a break above this would be positive opening 101.45, while support is at 98.49 ahead of 97.85.. As for the GBP/USD, “Support is at 1.5190, a breach of which would trigger deeper sell-off to 1.5122 and then 1.5054, while resistance is at 1.5305 ahead of the more critical1.5424” Finally, regarding the USD/CHF, yesterday’s sharp advance suggests scope for extension of the strength to 0.9527 and then 0.9567. Support is at 0.9366 ahead of 0.9277.