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Forex Flash: FX majors differ in intraday outlooks – 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, resistance is at the psychological 100.00, a break above this would be positive opening 101.45, while support is at 98.49 ahead of 97.85. As for the GBP/USD, “The latest strength was staged from just above support at 1.5190. The broke above resistance at 1.5368; thus the break above would open the more significant resistance at 1.5412/24.” Finally, regarding the USD/CHF, initial resistance is at 0.9527, a break above would open 0.9567 – support is at 0.9387, a move below would signal scope for deeper sell-off to 0.9319.

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