The break of 100.20 confirms resumption of whole decline from 111.43. Intraday bias in EUR/USD remains on the downside and further fall should be seen to 97.03 low next. On the upside, break of 102.11 resistance is needed to signal short term bottoming. Otherwise, outlook will remain bearish even in case of recovery.

The break of 1.0246 resistance confirms that rise from 0.9799 has resumed. Intraday bias in USD/CAD is back on the upside and for a test on 1.0522/0656 resistance zone next. On the downside, break of 1.0207 support is needed to signal short term topping. Otherwise, outlook will remain bullish even

GBP: Despite falling to as low as 1.5677 in London session in part due to the release of BOE meeting minutes, M&A related demand out of Middle East lifted cable from low and similar demand are still noted at 1.5680-90 and further out at 1.5650. On the upside, offers from

GBP: Despite falling to as low as 1.5677 in London session in part due to the release of BOE meeting minutes, M&A related demand out of Middle East lifted cable from low and similar demand are still noted at 1.5680-90 and further out at 1.5650. On the upside, offers from

Greece is again in spotlight after former prime minister Papademos said yesterday that "risk of Greece leaving the euro is real". IMF chief Lagarde said that Eurozone is "at the very epicenter of the crisis". Greece exit from Eurozone is not a preferred option and urged Greece to "do a

The break of 1.2625/41 support zone suggest that fall from 1.3485, as well as the larger decline from 1.4939 is resuming. Intraday bias remains on the downside and current fall should now target 61.8% projection of 1.4246 to 1.2625 from 1.3486 at 1.2484 next. On the upside, though, above 1.2824

The break of 1.5731 indicates that GBP/USD’s fall from 1.6300 has resumed and intraday bias remains on the downside for 61.8% retracement of 1.5234 to 1.6300 at 1.5641 next. Sustained break there should pave the way to retest 1.5234 low. On the upside, though, break of 1.5847 resistance will argue

The break of 0.9499 indicates that recent rally in USD/CHF has resumed. Intraday bias remains on the upside and rise from 0.9041 should now target 0.9594 key resistance next. On the downside, break of 0.9366 support is needed to signal short term topping. Otherwise, near term outlook will remain bullish

USD/JPY continues to stay in range above 78.99 despite today’s sharp fall. Intraday bias remains neutral for the moment. After all, near term outlook remains bearish with 80.54 resistance intact and deeper decline is still expected. Below 78.99 will extend the fall from 84.17 towards 75.56/76.02 support zone. Though, break

GBP/JPY’s break of 124.64 indicates that recent decline has resumed. Intraday bias remains on the downside and current fall from 133.48 should extend to 61.8% retracement of 116.83 to 133.48 at 123.19 next. Sustained break there will target a test on 116.83/117.29 support zone next. On the upside, though, note