Back
11 May 2015
Outlook for FX majors – Littlefish FX
FXStreet (Barcelona) - Analysts at Littlefish FX give the outlook for FX majors, maintaining a bullish outlook on GBP and remaining neutral on rest.
Key Quotes
“EUR: 1.1160/40 bids being tested, while intraday upside reaction are capped by the 1.1230/60 area expect further pull back to test the 1.10 base”
“GBP: 1.55 broken en route to 1.5560 key resistance expect offers on first test only below 1.5350/30 concerns immediate bullish bias”
“JPY: Retesting 120 descending trendline resistance offers a break and close above 120.50 opens April highs”
“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: 1.1160/40 bids being tested, while intraday upside reaction are capped by the 1.1230/60 area expect further pull back to test the 1.10 base”
“GBP: 1.55 broken en route to 1.5560 key resistance expect offers on first test only below 1.5350/30 concerns immediate bullish bias”
“JPY: Retesting 120 descending trendline resistance offers a break and close above 120.50 opens April highs”
“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”