8 May 2015
Outlook for FX majors – Littlefish FX
FXStreet (Barcelona) - Analysts at Littlefish FX give the outlook for FX majors, and maintain a short-term bullish outlook on EUR/USD and GBP/USD.
Key Quotes
“EUR: The sharp reversal from 1.1390 should see initial support in the 1.1160/40”
“GBP: Break of 1.55 en route to 1.5560 key resistance expect offers on first test”
“JPY: Retesting 120 descending trendline resistance offers a break and close above 120.50 opens April highs”
“CAD: Bids at 120 continue to support on a closing basis, while this level survives anticipate a retest of 123/24 from below”
“AUD: Offers at .8050 reject while .78 supports potential for another run at .8050”
Key Quotes
“EUR: The sharp reversal from 1.1390 should see initial support in the 1.1160/40”
“GBP: Break of 1.55 en route to 1.5560 key resistance expect offers on first test”
“JPY: Retesting 120 descending trendline resistance offers a break and close above 120.50 opens April highs”
“CAD: Bids at 120 continue to support on a closing basis, while this level survives anticipate a retest of 123/24 from below”
“AUD: Offers at .8050 reject while .78 supports potential for another run at .8050”