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Forex Flash: Majors are a mixed bag intraday – 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 the USD/JPY in the aftermath of Kuroda, the pair remains bullish, despite the fact that the latest setback is correction to unwind the overextended upside conditions. Support at 97.13 should hold, while resistance is pegged at 100 ahead of 101.45. As for the GBP/USD, neutrality is the near-term outlook with critical resistance is at 1.5424 and support is at 1.5268 ahead of 1.5178.

Finally, regarding the USD/CHF, the analysts maintain a neutral perspective as well, as there is a main support at 0.9230 – only a closing breach here would be a strong bearish development. Resistance is at 0.9340 ahead of 0.9375.

Forex: USD/JPY still below 98.00 after US housing

The resumption of the profit taking momentum seen in the market after Thursday’s high at 99.94 sent the USD/JPY further down, to 97.56 low. Despite a first bounce to 98.28, the pair has been trading below the 98.00 during the most recent hours and is failing its attempts to break above.
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Forex: USD/CAD finds support at 1.0190, back above 1.0200

After falling around 35 pips from 10-day high at 1.0235 in the US opening bell, the USD/CAD has found support at 1.0190, where the pair has bounced to trade back above 1.0200. Currently the USD/CAD is pricing at 1.0207.
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