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22 Apr 2015
Outlook for FX majors – Littlefish FX
FXStreet (Barcelona) - Analysts at Littlefish FX share the outlook and key levels for further direction for FX majors, with most pairs still trapped in ranges.
Key Quotes
“EUR: 1.0620 key support for further corrective upside failure here suggest downside trend resumption targeting year to date lows.”
“GBP: Below 1.4840 revives bearish bias.”
“JPY: While 118.30 contains downside target 121.00 en route to retest of year to date highs, only below 118.30 concerns bullish view.”
“CAD: 123/24.50 former support now becomes key resistance.”
“AUD: While .7860/80 contains upside anticipate third test of key .7550 failure here opens the bearish target of .72, above .7880 alleviates downside pressure.”
Key Quotes
“EUR: 1.0620 key support for further corrective upside failure here suggest downside trend resumption targeting year to date lows.”
“GBP: Below 1.4840 revives bearish bias.”
“JPY: While 118.30 contains downside target 121.00 en route to retest of year to date highs, only below 118.30 concerns bullish view.”
“CAD: 123/24.50 former support now becomes key resistance.”
“AUD: While .7860/80 contains upside anticipate third test of key .7550 failure here opens the bearish target of .72, above .7880 alleviates downside pressure.”