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1 Apr 2015

GBP/USD sellers at 1.4890 – AceTrader

FXStreet (Barcelona) - The AceTrader Team gives the outlook for GBP/USD, noting that the pair might find sellers at 1.4890-00 area.

Key Quotes

“Cable rebounded in tandem with the euro in Asia on Wednesday and rose from 1.4816/17 (Aust.) to 1.4867 before easing.”

“At the moment, stops located just above yesterday's 1.4872 high are now in focus.”

“However, more selling interest from various accounts is placed at 1.4890-00 with mixture of offers and stops located at 1.4920-30 and around 1.4940.”

“On the downside, bids are placed at 1.4840-30 and then 1.4815/10 with stops emerging below 1.4800.”
Apr 1, 2015

Long USD/JPY, target 125 – BNPP

Robert McAdie, Global Markets Head of Research and Strategy at BNP Paribas, maintains a bullish outlook on USD/JPY, targeting 125 levels for the pair over a 6 month view.
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Apr 1, 2015

Risk-off Asia, EZ-UK PMIs to dominate

The Antipodeans firmed in Asia posing a solid recovery, with the Australian dollar leading on all fronts. USD/JPY remained the laggard as the yen gained amid a generalized risk-off trading and broad USD weakness.
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