Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB

From efxnews.com

EUR/USD: Bearish: To take partial profit at 1.1145. While the break below 1.1230 bodes well for our bearish EUR view, the downward momentum is not as impulsive as we would like and this coupled with the strong support at 1.1145 suggests that EUR may struggle to move below this level. As such, those who are short may like to take partial profit at this level. GBP/USD: Neutral: Daily close above 1.4455/60 would shift outlook to bullish. The undertone for GBP is clearly positive but as mentioned in recent updates, only a daily closing above 1.4455/60 would indicate that the month long neutral phase has shifted to ... (full story)

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Comment #1
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Apr 25, 2016 2:02am Apr 25, 2016 2:02am

genghistar
Joined Mar 2012 | Status: Servant of wealth | 91 Comments

But your last E/U short trade SL was @ 11395 and was stopped out @11398 so how can you take profit after the trade had been stopped out?? Amazing trade.....

Comment #2
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Apr 25, 2016 3:42am Apr 25, 2016 3:42am

Black Caviar
| Joined Sep 2012 | Status: Member | 255 Comments

GBP/USD: bullish

Comment #3
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Edited 7:39am Apr 25, 2016 6:18am | Edited 7:39am

ThunderHeart
| Membership Revoked | Joined Jun 2015 | 715 Comments

Quoting Black Caviar

Disliked

GBP/USD: bullish

Ignored

Don't agree! It has to break the 145.11 mark before I am convinced the GBP is going to get some momentum, just as the article suggests, so we will see!

Look on the 8hr! It already looks to be losing momentum but I concede that could change as I write these comments. The GBP has to be the worse performing currency out of all the G10's since last year dating back to September, which is why approaching with caution is the best practice! Pick your poison wisely!

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Posted: Apr 25, 2016 1:52am
Submitted by:
eFx Newz

Category: Technical Analysis

Comments: 3 / Views: 3,628