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Forex Flash: Majors outline checkered outlook – 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 Flash: EUR/USD year-end target at 1.25 – Scotiabank

The single currency is testing multi-week highs in the vicinity of the 100-day moving average around 1.3150/55 on Tuesday, bolstered by increasing risk appetite as markets recover from Monday’s sell-off and a...
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Forex: USD/CHF kept below 0.9275 and approaches 0.9250 low

The USD/CHF failed to hold the 0.9300 handle, with a high at 0.9326 on the European session, and the pair fell to 0.9250 low before the NY opening. For now, such line has been holding as support, but a bouncing movement has been limited below 0.9275. As of writing, the market is moving back to its lows.
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