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Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD - UOB
EUR/USD: Neutral: Expect further upward grind towards 1.0765, possibly 1.0820. The undertone for EUR has improved considerably and from here, further upward grind towards 1.0765 seems likely. A move above this level would shift the focus towards 1.0820. Overall, only a move below 1.0640 would indicate that the immediate upward pressure has eased. GBP/USD: Neutral: Rebound to extend further towards 1.2480. We noted last Friday that GBP is expected to stay underpinned as long as 1.2250 is intact. GBP touched a low of 1.2262 but recovered strongly and we continue to expect the current short-term GBP strength to extend ... (full story)