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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
EUR/USD: Bullish: Target a move to 1.1280. We shifted to a bullish EUR stance yesterday and there is no change to the view. At this stage, the upside potential appears to be limited to 1.1280. Stop-loss remains unchanged at 1.1060. There is not much to add as the tight 30 pips range yesterday does not offer further clues. GBP/USD: Neutral: Undertone has improved but 1.3320 is a major resistance. The neutral phase in GBP that started more than 2 weeks ago is still intact. As highlighted in recent updates, while shorterterm upward momentum has improved, a sustained up-move in GBP is likely only if there is a clear ... (full story)
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- cobber96
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