With 83.85 minor support intact, current rise in USD/JPY is still expected to continue towards 61.8% retracement of 94.97 to 76.40 at 87.87 first. Sustained break there will further affirm the case of medium term reversal and should target 94.97 resistance next. On the downside, below 83.85 will indicate that

GBP/USD rises further to as high as 1.6426 so far today and the break of 1.6400 resistance confirms that whole rise from 1.5343 has resumed. Intraday bias remains on the upside for 61.8% projection of 1.5343 to 1.6400 from 1.5935 at 1.6588. On the downside, below 1.6255 minor support will turn intraday bias neutral again and bring consolidations.

Dollar remains generally weak across the board, facing pressure from rising commodities as well as strength in Euro. Dollar index drops to as low as 75.10 to extend recent down trend while crude oil reaches as high as 111.90 and gold breaks 1470 level. EUR/USD stand firms above 1.44 level

GBP/JPY’s rally resumes after brief consolidations and intraday bias remains on the upside for 100% projection of 122.4 to 132.96 from 130.17 at 140.73, which is close to 140 psychological level. Break will target 161.8% projection at 147.25. On the downside, below 137.87 minor support will turn bias neutral and

EUR/JPY’s rally resumed after brief retreat and reaches as high as 122.94 so far. Intraday bias will remain on the upside as long as 120.74 minor support holds. Further rise should be seen towards 161.8% projection of 106.57 to 115.53 from 113.54 at 128.03 next. On the downside, below 120.74

EUR/GBP’s consolidation from 0.8852 is still in progress and intraday bias remains neutral. But after all, near term outlook will remain bullish with 0.8653 support intact. Above 0.8852 will target 0.8940 resistance first. However, break of 0.8653 will indicate that EUR/GBP has topped out in near term and will bring deeper pull back.

Intraday bias in EUR/CHF remains neutral as it’s still struggling in range below 1.3234. On the upside, above 1.3234 will bring another rise to 55 weeks EMA (now at 1.3434) to extend the consolidation from 1.2401. On the downside, below 1.3038 will flip bias to the downside for 1.2736 support.

AUD/USD rises further to as high as 1.0532 so far today and at this point, intraday bias remains on the upside for 161.8% projection of 0.9536 to 1.0254 from 0.9704 at 1.0866. On the downside, below 1.0287 support will indicate short term topping and bring deeper pull back. But before

Intraday bias in USD/CAD is back on the downside as recent decline resumes. Current fall should now target 100% projection of 1.0285 to 0.9666 from 0.9972 at 0.9353. On the upside, above 0.9623 minor resistance will turn bias neutral and bring consolidation, possibly with recovery to 4 hours 55 EMA (now at 0.9662) before staging another fall.

GBP/USD’s rise from 1.5939 resumes after brief consolidation and intraday bias is back on the upside. Break of 1.6400 resistance will confirm that whole rise from 1.5343 has resumed and should target 61.8% projection of 1.5343 to 1.6400 from 1.5935 at 1.6588. On the downside, below 1.6255 minor support will turn intraday bias neutral again and bring consolidations.