12 May 2015
Outlook for FX majors – Littlefish FX
FXStreet (Barcelona) - Analysts at Littlefish FX share the outlook for FX majors, remaining bullish on GBP/USD and neutral on others.
Key Quotes
“EUR: Bids towards 1.11 support on first test, while intraday upside reaction are capped by the 1.1230/60 area expect further pullback to test the 1.10 base”
“GBP: Expect offers on first test of 1.56 only below 1.5350/30 concerns immediate bullish bias”
“JPY: Eroding 120 resistance offers a break and close above 120.50 opens April highs, failure at near term 119.50 support suggests another retreat back to range lows.”
“CAD: While 120.50 supports on an intraday basis expect test of 122 enroute to 123/124”
“AUD: 8050 offers cap upside for a second time while .78 supports potential for another run at .8050, below .78 concerns near term bullish bias”
Key Quotes
“EUR: Bids towards 1.11 support on first test, while intraday upside reaction are capped by the 1.1230/60 area expect further pullback to test the 1.10 base”
“GBP: Expect offers on first test of 1.56 only below 1.5350/30 concerns immediate bullish bias”
“JPY: Eroding 120 resistance offers a break and close above 120.50 opens April highs, failure at near term 119.50 support suggests another retreat back to range lows.”
“CAD: While 120.50 supports on an intraday basis expect test of 122 enroute to 123/124”
“AUD: 8050 offers cap upside for a second time while .78 supports potential for another run at .8050, below .78 concerns near term bullish bias”