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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
EUR/USD: Neutral: In a 1.1120/1.1290 range. [No change in view] The neutral phase in EUR that started last Friday is still clearly intact. At this stage, there is no pre-indication that this pair is about to break out of the expected sideway trading range of 1.1120/1.1290. GBP/USD: Bearish: Lower odds for further GBP decline. After coming to within one pip of our stop-loss at 1.3060 (high of 1.3059 yesterday), GBP dropped sharply to current level of 1.2965. While the bearish phase is still intact, downward momentum has been dented and the odds for further weakness to 1.2865 are not very high (1.2915 is already a ... (full story)