Dailyfx (based on CNBC)


EUR/USD
 Has bounced off a support at 1.3035, it is expected to remain capped by resistances at 1.3207, 1.3338 and 1.3385. Bearish momentum should be near one of those levels, resulting in a dip down to 1.2974/54 within the next month.

GBP/USD
Despite persistence of the pair in challenging 1.60, it is not deemed as bullish enough to be capable of clearing out resistances that lie ahead. Therefore the Cable should decline in the long-term perspective.

USD/JPY
Seems to be terminating bearish correction, however, possibility of a drop down to 80.11 may not be excluded yet. In order to confirm emergence of an uptrend, the pair needs to climb above 82.00/42 first.

USD/CHF
Remains under the effect of an encounter with a downtrend resistance line at 0.9215 and is presently trading lower. The currency pair is anticipated to fall down to 0.9066, but then resume inching higher once again.

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