Daily Market Comments

Posted by Forex Trading Signals - 17/06/2012 - Daily Market Comments - 2 Comments

EUR/USD
Currently uptrend should end around 1.2678 – 1.2681 area. A correction down to below 1.2613 is expected. A rise above 1.2704 will abort the expected correction.

EUR/JPY
It is likely to fall towards 99.33 – 98.99 as its corrective rally could falter in 99.97 – 100.26 area. Stop above 100.94 zone.

GBP/USD
It should trade higher to 1.5776 while 1.5626 or 1.5589 offers support. Stop loss below 1.5551 zone.

GBP/JPY
Market should hold major support at 122.45 before rising towards 124.05 or even 124.58 limit.

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