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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
EUR/USD: Bullish: Target, 1.1145, 1.1200. EUR touched a high of 1.1143 last Friday, just a couple of pips below our immediate target of 1.1145. Upward momentum has deteriorated with the weak opening early this morning but as long as 1.1010 is intact, another attempt to break clearly above 1.1145 cannot be ruled out just yet. GBP/USD: Bullish: Overbought but room to extend further to 1.2620/25. We turned bullish GBP last Friday and highlighted that despite overbought conditions, further extension to 1.2620/25 would not be surprising. GBP touched a high of 1.2558 on Friday before easing off. From here, as long as ... (full story)