UBS: short-term forecasts on currency pairs

Below is a look past short-term forecasts on currency pairs EUR / USD, USD / JPY, GBP / USD and AUD / USD granted UBS.

Forecasts on currency / USD: The bearish trend. The recent growth – only the recovery phase in a downtrend. Continue the resistance at 1.3677. Has the potential to reduce the renewal and testing support at 1.3477 and then – at 1.3248.

Forecasts on currency USD / JPY: Neutral. Couple strengthened below resistance at 103.02. Downward movement will be supported at the level of 101.43 and then 100.76.

Forecasts on currency GBP / USD: Bullish trend. If there are indicators of “bullish” trend, further growth is possible pairs and testing important resistance level at 1.7332. Setbacks will be limited in time and scope, with the first support at 1.6923.

Forecasts on currency AUD / USD: Neutral. Strong resistance at 0.9461. There is a risk of expansion of the trading range that has not changed since April. Support at 0.9322 and then – at 0.9203.