EUR/USD Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3722 or 1.3753 if support around 1.3642 hold. After which a pullback to 1.3642 – 1.3613 zone is possible. EUR/JPY It looks more likely that it would rise to 142.22 – 143.01 from 141.24 or 140.84. After which a downside move is expected. GBP/USD Currently uptrend should end around 1.6711 – 1.6668 area. A correction down to below 1.6582 is expected. A rise above 1.6699 will abort the expected correction. GBP/JPY There is bearish potential for a fall to 170.80 while 172.23 – 172.73 resist. After this fall a recovery up to 172.73 or 173.24 is expected.
Posted on: Fri, 24 Jan 2014 00:03:32 +0000
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