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FX levels to watch – EUR/USD, GBP/USD, USD/JPY

FX levels to watch – EUR/USD, GBP/USD, USD/JPY
админ
08/05/2018

aee5f1aeb01119134020b5cdd4264649 - FX levels to watch – EUR/USD, GBP/USD, USD/JPY

Source: Bloomberg

EUR/USD with bearish momentum

Further declines for EUR/USD will see the $1.17 and $1.1754 areas tested.

The loss of the 200-day simple moving average (SMA) of $1.2020 signals a further bearish shift, and any rebound that fails to move back above $1.2165 would likely represent a selling opportunity.

EUR/USD price chart

e4fbc7354aafe5ce51f919bdb19e491c - FX levels to watch – EUR/USD, GBP/USD, USD/JPY

GBP/USD price continuing to drop

Looking at GBP/USD, there seems little to hold up sterling this week ahead of the Bank of England (BoE) meeting.

The price continues on its downward trajectory, and the loss of the 200-day SMA at $1.3544 would see the $1.3321 level come into play. A move back above $1.37 is needed to put a more bullish view on the pair.

GBP/USD price chart

0baa6c0088a777af4bde34a0bb164ff6 - FX levels to watch – EUR/USD, GBP/USD, USD/JPY

USD/JPY could see a bounce to ¥110.00

The price for USD/JPY has fallen back to the rising trendline from the March lows.

If this holds then a bounce to ¥110.00 cannot be ruled out. A close below the trendline would target ¥108.13 and then ¥107.50.

USD/JPY price chart

8a6a9dbed3e044c6c1323b364d63e8a0 - FX levels to watch – EUR/USD, GBP/USD, USD/JPY

Source

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news
08/05/2018
админ
Related ItemsBank of EnglandEURforexFXGBPmoving averagepricesellingtrigger

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