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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
EUR/USD: Bearish: Downside potential limited to 1.1215. There is not much to add as EUR spent another day going nowhere. That said, we still hold a bearish view but as highlighted in recent updates, the downside potential appears to be limited to 1.1215. Resistance is at 1.1355 but only a break above 1.1400 would indicate that the bearish phase has ended. GBP/USD: Neutral: In a 1.4300/1.4550 range. GBP touched a high of 1.4524 but eased off quickly. We have held a neutral stance for 2 weeks now and there is no change to the view. From here, GBP is expected to trade in a broad sideway range, likely between 1.4300 and ... (full story)