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10 Apr 2013
Forex Flash: Majors are bullish ahead - Scotiabank
FXstreet.com (Barcelona) - Today´s majors are bullish according to Scotiabank strategists.
They start with EUR/USD and comment that they need to see resistance of key levels (50D MA and the 38.2% Fib) for new highs. Looking to GBP/USD, they note a triangular consolidation pattern which suggests a continuation of recent gains and finally looking to USD/JPY, they see spot near 5 year highs and are looking for a break of 99.74, at the 50% 4 year Fib level.
They start with EUR/USD and comment that they need to see resistance of key levels (50D MA and the 38.2% Fib) for new highs. Looking to GBP/USD, they note a triangular consolidation pattern which suggests a continuation of recent gains and finally looking to USD/JPY, they see spot near 5 year highs and are looking for a break of 99.74, at the 50% 4 year Fib level.