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Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD - UOB
EUR/USD: Neutral: In a 1.0800/1.0950 range. There is not much to add; we continue to hold the view that EUR has made a short-term top at 1.1023 earlier this week. The current movement is viewed as the early stages of a consolidation phase, likely between 1.0800 and 1.0950. GBP/USD: Neutral: In a 1.2830/1.3000 range. While we indicated yesterday that the recent upward pressure has eased, the pull-back has been more rapid and resilient than expected. That said, the price action is still within the expected 1.2830/1.3000 consolidation range and while the risk is tilted to the downside, any weakness is expected to ... (full story)