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2 Jun 2015
Outlook for Forex Majors and crosses – Littlefish FX
FXStreet (Barcelona) - Analysts at Littlefish FX, give the outlook for EUR/USD, GBP/USD, USD/JPY and EUR/JPY.
Key Quotes
“EUR/USD: While 1.09 bids supports expect test of 1.1050, while offers at 1.1050/70 cap expect retest of last weeks lows.”
“GBP/USD: Failure at 1.52 opens 1.5050 next while 1.5240/60 caps intraday upside reactions”
“USD/JPY: First test of 125 attracts profit taking while 125.50 caps upside expect pullback to 123.50 to attempt base for next leg higher below 122 concerns near term bullish bias.”
“EUR/JPY: Retesting the broken ascending trendline from below as this area rejects potential to retest 134 a break here sets retest of highs and potential 138 foray.”
Key Quotes
“EUR/USD: While 1.09 bids supports expect test of 1.1050, while offers at 1.1050/70 cap expect retest of last weeks lows.”
“GBP/USD: Failure at 1.52 opens 1.5050 next while 1.5240/60 caps intraday upside reactions”
“USD/JPY: First test of 125 attracts profit taking while 125.50 caps upside expect pullback to 123.50 to attempt base for next leg higher below 122 concerns near term bullish bias.”
“EUR/JPY: Retesting the broken ascending trendline from below as this area rejects potential to retest 134 a break here sets retest of highs and potential 138 foray.”