OctaFX | OctaFX Forex Broker
Open trading account

Flash: FX generally upbeat in short-term – 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, with the broader bull trend in place, the next major resistance focus is at 105.60, while support is at 101.26. As for the GBP/USD, “The pair sold off sharply to test support at 1.5128 yesterday. There is scope for more downside in the near-term. Next support is at 1.5034 ahead of 1.4832. Resistance is at 1.5322, 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. Support is at 0.9637 ahead of 0.9578.

EUR/USD dips to lows on Bernanke comments

Extremely volatile session so far for the single currency, dipping to session lows in sub 1.2900 levels soon after hitting the opposite end of the range at the key 1.3000 handle.....
Read more Previous

NZD/USD collapses to 0.8072/75 amidst Bernanke volatility

The NZD/USD has traded with extreme volatility surrounding the Bernanke testimony today during US trading.
Read more Next
Start livechat