Tuesday, June 17, 2014

GBP/JPY Daily,, EUR/USD Daily

 GBP/JPY  Daily
14::15 GMT - Another balanced range day was been trading into this pm. but GBP's just now started to run at the recent 173.35 high to        threaten  breakout at both the Jan-May overhead trend and at previous (Jan-May) highs, looking for a significant breakout.  In that event  the obvious target is the 174.85 YTD high. Cut back  through 172.50 today/Wed. cancels.
 EUR/USD   Daily
14::30GMT - Though there has not been much follow through s/term,  balance of risk has probably switched to the downside with the break  of 1.3540. Lower reference area comes at recent lows at 1.3502/10 then 1.3475/85.  Res. is  at 1.3580/87