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15 Jul 2013
Flash: USD/JPY uptrend in focus – 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, “With the bull trend intact, focus is on resumption of upside, with resistance at 101.53 ahead of the key resistance at 103.74. Support is at 98.27, suggesting a bullish intraday outlook.”
As for the GBP/USD, the sharp advance is trading below the resistance at
1.5283; a closing break will expose 1.5394, while support is at 1.5018 ahead of 1.4814. Finally, regarding the USD/CHF, there is a strong support at 0.9367. With the bull trend intact, the risk is for resumption of upside with resistance at 0.9578 ahead of 0.9839.
Beginning with the USD/JPY, “With the bull trend intact, focus is on resumption of upside, with resistance at 101.53 ahead of the key resistance at 103.74. Support is at 98.27, suggesting a bullish intraday outlook.”
As for the GBP/USD, the sharp advance is trading below the resistance at
1.5283; a closing break will expose 1.5394, while support is at 1.5018 ahead of 1.4814. Finally, regarding the USD/CHF, there is a strong support at 0.9367. With the bull trend intact, the risk is for resumption of upside with resistance at 0.9578 ahead of 0.9839.