USD/JPY touched lows of 101.47, the weakest since May 22 and was last down 0.27% to 101.57.The pair was likely to find support at 101.34 and resistance at 102.02, Wednesday’s high.The yield on U.S. 10-year Treasury notes fell to 2.42% on Thursday, the lowest since July 2013, amid ongoing uncertainty over the outlook for the global economic recovery.
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INTRADAY OUTLOOK
Support: 1.6690
Resistance: 1.6770
RECOMMENDATION:
1. Buy GBP/USD Above 1.6770- TG: 1.6790/ 1.6820 SL 1.6740
2. Sell GBP/USD Below 1.6690- TG: 1.6670/ 1.6640 SL 1.6720
INTRADAY OUTLOOK
Immediate Support: 1.3575
Immediate Resistance: 1.3660
RECOMMENDATION:
1. Buy EUR/USD Above 1.3660- TG: 1.3680/1.3710 SL 1.3630
2. Sell EUR/USD Below 1.3575- TG: 1.3555/1.3525 SL 1.3605
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