13 May 2015
Outlook for FX majors: GBP/USD bulls eyeing 1.60 – Littlefish FX
FXStreet (Barcelona) - Analysts at Littlefish FX, give the technical outlook for Forex majors, maintaining a bullish view on GBP/USD and remaining neutral on others.
Key Quotes
“EUR: While intraday upside reaction are capped by the 1.1290 area expect further pullback to test the 1.10 base, above 1.13 targets retest of last weeks highs”
“GBP: Bulls eye 1.58 and the equality target at the the psych 1.60 level only below 1.55 concerns immediate bullish bias”
“JPY: Close above 120.50 opens April highs, failure at near term 119.50 support suggests another retreat back to range lows.”
“CAD: A break of 120 pivotal support targets 118 next”
“AUD: 8050 offers cap upside for now, while .78 supports potential for another run at .8050 a break here targets .8250”
Key Quotes
“EUR: While intraday upside reaction are capped by the 1.1290 area expect further pullback to test the 1.10 base, above 1.13 targets retest of last weeks highs”
“GBP: Bulls eye 1.58 and the equality target at the the psych 1.60 level only below 1.55 concerns immediate bullish bias”
“JPY: Close above 120.50 opens April highs, failure at near term 119.50 support suggests another retreat back to range lows.”
“CAD: A break of 120 pivotal support targets 118 next”
“AUD: 8050 offers cap upside for now, while .78 supports potential for another run at .8050 a break here targets .8250”