7 Aug 2013
Flash: All eyes on USD/JPY ahead of BoJ – 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.
Key quotes
Beginning with the USD/JPY, “The recent sell-off is approaching the critical support at 96.75.A closing break below this will trigger further sell-off. Resistance is at 98.59 ahead of 99.95.”
“As for the GBP/USD, a sharp advance was seen today following the BoE, though critical resistance at 1.5550 looks to hold the pair. A closing break above this would be positive.”
Finally, in terms of the USD/CHF, “The pair is approaching the first support at 0.9229. A move below this would trigger further sell-off towards 0.9130.
Resistance is at 0.9297.”
Key quotes
Beginning with the USD/JPY, “The recent sell-off is approaching the critical support at 96.75.A closing break below this will trigger further sell-off. Resistance is at 98.59 ahead of 99.95.”
“As for the GBP/USD, a sharp advance was seen today following the BoE, though critical resistance at 1.5550 looks to hold the pair. A closing break above this would be positive.”
Finally, in terms of the USD/CHF, “The pair is approaching the first support at 0.9229. A move below this would trigger further sell-off towards 0.9130.
Resistance is at 0.9297.”