EUR/USD – Breaks above $1.3050 to extend recovery to $1.3057. Rate remains firm with corrective pullbacks seen shallow. If rate can continue to build expected to meet next resistance from offers placed between $1.3080/85.
USD/JPY – Asian investor a buyer in recent trade, dealers flash up. Rate continues heavy and flirts with the session low, around Y76.69. Support seen into Y77.65/60, a break to technicals at Y76.32 which holds the 76.4% retracement of the Nov intervention rally. USD/JPY eases further at typing to Y76.65.
GBP/USD – Getting pulled reluctantly higher by EUR/USD advance, the rate extending its recovery to $1.5616. A break of $1.5620 now expected to expose stops, which if triggered brings the next resistance level at $1.5650 into view.
EasyForexNews Research Team