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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
EUR/USD: Bullish: Target, 1.1145, 1.1200. We turned bullish EUR yesterday and there is no change to the view. The current movement is deemed as a short-term consolidation phase that may last for a couple of days. As long as 1.1000 is intact, the prospect of a move beyond 1.1145 still appears to be quite high. GBP/USD*: Shift from neutral to bullish: Overbought but room to extend further to 1.2620/25. GBP broke above successive strong resistances and registered the single largest daily gains in 3 months. While overbought, the up-move appears to have strength to extend further towards 1.2625, the high seen on the ... (full story)