7 May 2015
Technical outlook for FX majors – Kshitij
FXStreet (Barcelona) - Analysts at Kshitij Consultancy note the technical outlook for GBP/USD, EUR/USD, USD/JPY and AUD/USD.
Key Quotes
“Pound (1.5237) has again bounced up from 1.5141 levels and may see some fluctuation today as there is UK election polls today. We may expect some volatility above 1.510 for the next couple of sessions till the election results are out. Broadly movement in the 1.51-1.53 could be expected in the medium term.”
“Euro (1.1336) has risen sharply exactly as expected, breaking above our mentioned levels of 1.1286. This rise has been brought about by the recently rising German yields as mentioned on our earlier editions. While the rise sustains we may see levels of 1.140-1.145 in the near term.”
“Aussie (0.7984) is stretching upwards and may target resistance near 0.80 before a short dip from there to 0.79. A break above 0.80-0.81 may initiate a fresh move.”
“USDJPY (119.53) is rising but is broadly in a sideways movement. We may see choppy movements within 120.51-118.5 region.”
Key Quotes
“Pound (1.5237) has again bounced up from 1.5141 levels and may see some fluctuation today as there is UK election polls today. We may expect some volatility above 1.510 for the next couple of sessions till the election results are out. Broadly movement in the 1.51-1.53 could be expected in the medium term.”
“Euro (1.1336) has risen sharply exactly as expected, breaking above our mentioned levels of 1.1286. This rise has been brought about by the recently rising German yields as mentioned on our earlier editions. While the rise sustains we may see levels of 1.140-1.145 in the near term.”
“Aussie (0.7984) is stretching upwards and may target resistance near 0.80 before a short dip from there to 0.79. A break above 0.80-0.81 may initiate a fresh move.”
“USDJPY (119.53) is rising but is broadly in a sideways movement. We may see choppy movements within 120.51-118.5 region.”