28 Jun 2013
Flash: USD/JPY faces neutral outlook despite jump – 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, “There is a strong resistance at 99.94. A closing break above this would be positive, while Support is at 96.96, suggesting a neutral intraday outlook.”
As for the GBP/USD, there is a strong support at 1.5183; a closing break below this would a strong bearish development – resistance is at 1.5346 ahead of 1.5477. Finally, regarding the USD/CHF, yesterday the pair tested strong resistance at 0.9484; a closing break above this would be positive opening 0.9568. Support is at 0.9407 ahead of 0.9309.
Beginning with the USD/JPY, “There is a strong resistance at 99.94. A closing break above this would be positive, while Support is at 96.96, suggesting a neutral intraday outlook.”
As for the GBP/USD, there is a strong support at 1.5183; a closing break below this would a strong bearish development – resistance is at 1.5346 ahead of 1.5477. Finally, regarding the USD/CHF, yesterday the pair tested strong resistance at 0.9484; a closing break above this would be positive opening 0.9568. Support is at 0.9407 ahead of 0.9309.