OctaFX | OctaFX Forex Broker
Open trading account
Back

Flash: FX majors face mixed outlooks – UBS

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, with the broader bull trend in place, the next major resistance focus is at 105.60 with support at 101.26. As for the GBP/USD, “There is a strong support at 1.5128. A closing break below this would be a bearish development, as it would confirm MACD settling below its zero line, exposing 1.5034. Resistance is at 1.5322 ahead of 1.5382, suggesting a neutral near-term outlook.”

Finally, regarding the USD/CHF, with bullish trending indicators in place, focus is on resistance at 0.9761, a break above this would open 0.9810 and then 0.9972, while support is at 0.9637 ahead of 0.9578.

Flash: Recent equity strength provides little clarity for caps in rallies – Investec

With little out on the data front yesterday it was equities that once again dominated the headlines.
Read more Previous

USD/JPY eases to 102.60

The USD rally is now losing momentum, drifting the pair back to the 102.60 region on Tuesday, ahead of the BoJ monetary policy meeting due tomorrow....
Read more Next
Start livechat