24 Jun 2013
Flash: USD/JPY unevenness offers neutral outlook – UBS
FXstreet.com (New York) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's majors and outline the technical positions.
Beginning with the USD/JPY, “The pair is approaching resistance at 98.76, a closing break above which would prolong the recovery to 99.94. Support is at 96.21 ahead of 93.57, suggesting a neutral intraday outlook.”
As for the GBP/USD, there is a strong support at 1.5292, which should hold for now, while resistance is at 1.5531 ahead of the critical resistance at 1.5789. Finally, regarding the USD/CHF, the pair is consolidating to unwind the sharp overextended downside conditions with resistance at 0.9401. Support is at 0.9242 ahead of 0.9130.
Beginning with the USD/JPY, “The pair is approaching resistance at 98.76, a closing break above which would prolong the recovery to 99.94. Support is at 96.21 ahead of 93.57, suggesting a neutral intraday outlook.”
As for the GBP/USD, there is a strong support at 1.5292, which should hold for now, while resistance is at 1.5531 ahead of the critical resistance at 1.5789. Finally, regarding the USD/CHF, the pair is consolidating to unwind the sharp overextended downside conditions with resistance at 0.9401. Support is at 0.9242 ahead of 0.9130.