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Outlook for FX majors – Littlefish FX

FXStreet (Barcelona) - Analysts at Littlefish FX, share the outlook as well as the key levels for FX majors.

Key Quotes

“EUR: 1.0620 key support for further corrective upside failure here suggest downside trend resumption targeting year to date lows”

“GBP: Below 1.4840 revives bearish bias”

“JPY: While 118.30 contains downside target 121.00 en route to retest of year to date highs, only below 118.30 concerns bullish view”

“CAD: 123.50 former support now becomes key resistance second close below here forewarns further downside”

“AUD: While .7860/80 contains upside anticipate third test of key .7550 failure here opens the bearish target of .72, above .7880 alleviates downside pressure”

Brent crude steadies around USD 63.00/barrel

Brent prices trade steady around USD 63.00/barrel on Tuesday as losses have been capped by worries that a civil war in Yemen could affect oil supplies.
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USD/JPY returns to 119.40

The after hitting session peaks in the 119.80 area, USD/JPY is now easing to the 119.45/40 band...
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