Tuesday, August 18, 2015

Intraday Outlooks For EUR/USD, USD/JPY, EUR/GBP - SEB

By eFXnews.com

The running with are the intraday positions for EUR/USD, USD/JPY, and EUR/GBP as gave by the particular structure pack at SEB Group.





EUR/USD: To fill or not to fill the weekend split? Taking after the three days of mix (it routinely takes ~three days to process a falling benchmark light) underneath the mid body point the business division has now (with a little help) left the bear banner made occurrence to the March low. The standard thing for the business to do now is to attempt to fill (by and large or full) the weekend split. A downside release from the 55d mother band will add to the possibly bearish picture.





USD/JPY: Make or break? As opposed to other dollar sets USD/JPY gapped drop down into the crucial 122.46 – 122.04 reinforce zone. The zone still remains a key reference point to the near/medium term change as a break underneath the late sponsorship will fight that a possible other than holding tight top has been put set up. There's in like way a truly expansive net yen position (CoT report) that has been made not far from current levels so a break lower will in reality trigger a union of stop hard



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