BBH. Short-term prospects of euro, pound, yen to dollar

Brown Brothers Harriman: While market essentials have not changed, the European currencies save pressure upon US dollar. The yen remains under pressure to all currencies, including to dollar that is eloquently reflected in break above 119.50. However now there are signals of correctional strengthening of dollar, that today can give the levels more favourable to its sales. The euro to dollar have been connected yesterday by a range, but in Asia it can quite check up support in area 1. The purposes in given pair of currencies remain on 1.3660. Support in dollar/yen is on the former resistance 119.50. In Asia it also can be tested, however the purposes of this course assume growth to 120.50. As to the British currency it further to continue to benefit by expectation of increase of rates BOE in May, but now can test pressure of sales, therefore can test 1.9880 before the beginning of a new wave of growth to 2.0000. Forexpf. Ru - Forex News / News Forex