Market Review: EUR- USD , GBP / USD & USD / JPY 30th september- 4th october

A lot of important data ahead of us this week, including EU rate decision and US non farm figures.

The EUR/USD is still range trading, with support at 1.3460 and resistance at 1.3570. The overall trend is still upwards. Tomorrow’s news should trigger a breakout in either direction.

The GBP/USD reached our long term target at 1.6250, a very strong resistance area. We can expect some sideways trading and even a downward correction.

 

GBP-USD Chart - 1st october 2013

GBP-USD Chart – 1st october 2013

 

The USD/JPY still being supported above 97.60, with direction remaining unclear. A break below 97.60, can take the pair towards 96.95 followed by 96.20.

 

USD - JPY Chart - 1st october 2013

USD – JPY Chart – 1st october 2013

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John Walker

John Walker

Editor at Tradingbroker.co.uk
John was born in London ( United Kingdom ) and studied at The London School of Economics. Currently he lives in Sydney ( Australia ) and he works as editor at Tradingbroker.co.uk.
John Walker

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