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[wynnasuju]

Morgan Stanley: sell GBP/USD
Friday, November 30, 2012 - 10:39

GBP/USD returned into the consolidation phase after having tested $1.6060 earlier in the day (50-day MA). The pair remains slightly above the upper boundary of a bearish channel.

Analysts at Morgan Stanley recommend selling GBP/USD at current levels, targeting $1.5770 and with a stop at $1.6150. In their view, cable gains are unsustainable as UK economy is negatively impacted by European slowdown.



Chart. Daily GBP/USD

http://www.fbs.com/analytics/2012-11...ey-sell-gbpusd

[wynnasuju]

UBS: comments on fx majors
Friday, November 30, 2012 - 11:00



EUR/USD: bullish view; in case of a break above $1.3023 euro may rise to $1.3140/72. Support is at $1.2939 and $1.2880.

GBP/USD: neutral view; resistance is at $1.6069. If pound breaks higher and closes above this level, it will get chance to rose to $1.6126. Support is at $1.6002 and $1.5962.

USD/JPY: bullish view; in case of a break above 82.85 dollar will rise to 83.30. Support is at 81.69/40.

USD/CHF: bearish view; focus on support at 0.9215 – if dollar breaks below this level, it will become vulnerable for a decline to 0.9041. Resistance is at 0.9304 and 0.9341.

http://www.fbs.com/analytics/2012-11...ents-fx-majors