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11 Apr 2013
Forex Flash: Majors remain technically bullish - Scotiabank
FXstreet.com (Barcelona) - Scotiabank analysts have taken a look at today´s majors and offered their outlook from a purely technical perspective.
Beginning with EUR/USD, they are bullish and note that all signals are firmly in buy and they favour establishing long positions at 1.3130,targeting 1.3270 with a stop at 1.3040. Looking to USD/JPY they are also bullish and note that all signals are in buy territory. With RSI at 71, they see further room for a leg higher before moving to overbought territory. Finally, they are also bullish GBP/USD, noting that all signals are for a buy, and they favour long positions.
Beginning with EUR/USD, they are bullish and note that all signals are firmly in buy and they favour establishing long positions at 1.3130,targeting 1.3270 with a stop at 1.3040. Looking to USD/JPY they are also bullish and note that all signals are in buy territory. With RSI at 71, they see further room for a leg higher before moving to overbought territory. Finally, they are also bullish GBP/USD, noting that all signals are for a buy, and they favour long positions.