27 Apr 2015
Outlook for FX majors – Littlefish FX
FXStreet (Barcelona) - Analysts at Littlefish FX, give the outlook and key levels for FX majors, noting that a bullish view for USD/JPY remains intact as long as 118.30 holds, while EUR/USD push towards 1.10 likely as long as 1.0760 holds.
Key Quotes
“EUR: While 1.0760 contains downside expect 1.09 test en route to fourth attempt at 1.10, below 1.0740 refocuses on 1.0620”
“GBP: While 1.5080/60 contains downside reactions target 1.5350 equality corrective objective”
“JPY: While 118.70/90 contains downside target 121.00 en route to retest of year to date highs, only below 118.30 concerns bullish view”
“CAD: While 124.50 contains upside target 120 test”
"AUD: While .7860/80 contains upside anticipate third test of key .7550 failure here opens the bearish target of .72, above .7880 alleviates downside pressure”
Key Quotes
“EUR: While 1.0760 contains downside expect 1.09 test en route to fourth attempt at 1.10, below 1.0740 refocuses on 1.0620”
“GBP: While 1.5080/60 contains downside reactions target 1.5350 equality corrective objective”
“JPY: While 118.70/90 contains downside target 121.00 en route to retest of year to date highs, only below 118.30 concerns bullish view”
“CAD: While 124.50 contains upside target 120 test”
"AUD: While .7860/80 contains upside anticipate third test of key .7550 failure here opens the bearish target of .72, above .7880 alleviates downside pressure”