The EURO/USD pair is showing weakness today currently up from its open of 1.4902 level to the 1.4908 level. Technical supports 1.4830 and 1.4795/05, resistances 1.4915/20, 1.4950/55 and 1.4969. Cable is showing weakness today currently hovering at around the 1.6301 level, down from its open of 1.6354. From the news at the weekend, especially MPC member Posen raising the spectre of further QE next month, it could have been worse. Cable supports 1.6280/85, and 1.6250, resistances 1.6370/75 and 1.6400/05. The JPY/USD pair has also declined this morning and is currently down at around the 90.64 mark.
Due for release today there is BoJ to Hold Quarterly Branch Managers’ Meeting in Tokyo, Bernanke, Yellen Speak at San Francisco, International Securities Transactions, Bernanke Speaks on Asia and Financial crisis in California.
By Ultimate Forex Profits
