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EUR/GBP: Attention on the downtrend – Commerzbank

EUR/GBP has rallied to and so far failed at the 20 day ma at .8407. This has focussed our attention onto the downtrend at .8451, analysts at Commerzbank inform.

Key quotes

“Rallies will need to overcome the downtrend for attention to revert to the .8606/10 nearby resistance. A close above .8610 is needed to negate downside pressure and re-target the .8752 200 day ma.”

“Only below .8281 focus is on the .8239 low and the 55 quarter moving average at .8226, which represents key support.”

 

JPY Futures: Appear consolidative so far

In light of advanced figures from CME Group for JPY futures markets, investors added around 6.8K contracts to their open interest positions, clinching
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EUR/USD: The end of the negative phase? – UOB

FX Strategists at UOB Group now expect EUR/USD to trade within a consolidative fashion for the time being. Key Quotes 24-hour view: “We expected EUR t
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