The yen may decline to its lowest level in more than five years if it breaches a key area of support, according to UBS AG, citing technical analysis.
The euro may strengthen against its U.S. counterpart to the highest level in six weeks if it breaks key levels of resistance, according to UBS AG, citing technical indicators.
The Australian dollar gained against its U.S. counterpart for the first time in four days as commodities rallied on signs of improvement in the world’s largest economy.
German bund futures may advance to as high as 139.19 should they break above a key resistance level, UBS AG said, citing technical indicators.
The euro may weaken to its lowest level in six weeks versus the dollar after reaching a “new corrective low” today, according to UBS AG, citing technical indicators.
The euro may strengthen 2 percent against the Swiss franc if it rises beyond an area of so-called resistance, UBS AG said, citing trading patterns.
The dollar may advance to 94 yen, the strongest since May 2010, after a short-term setback this week, UBS AG said, citing trading patterns.
Treasury 10-year futures are “bearish” while they stay below a key resistance level and are poised to extend declines, UBS AG said, citing trading patterns.
The outlook for gilt futures is “bearish” as long as the price of the June contract stays below a resistance level at 114.65, according to UBS AG, which cited trading patterns.
The dollar is likely to gain against the yen toward the highest since May 2010, UBS AG. said, citing trading patterns.
"The evidence technically is that the pound is going to struggle to push through."
- Richard Adcock on Jun 19, 2013