GBP: The British pound also rebounded from 1.5732 low in part due to improved risk appetite (on back of recovery in Dow future), weekend profit-taking also helped lifting cable from lows, however, offers from various parties (including U.S. big names) are lined up from 1.5850 up to 1.5890 with some

Intraday bias in USD/JJPY remains on the downside for the moment. Sustained trading below 61.8% retracement of 76.02 to 84.17 at 79.13 should target 75.56/76.02 support zone next. On the upside, break of 80.54 resistance is needed to signal short term bottoming. Otherwise, near term outlook will remain bearish even in case of recovery.

GBP/USD should have made a temporary low at 1.5731 and intraday bias is turned neutral for the moment. Some consolidation could be seen and stronger recovery cannot be ruled out. But upside should be limited by 38.2% retracement of 1.6300 to 1.5731 at 1.5948 and bring another fall. Below 1.5731

A temporary top should be in place at 0.9499 and intraday bias is turned neutral. Below 0.9413 minor support will bring deeper retreat to 4 hours 55 EMA (now at 0.9437) and below. But downside should be contained well above 0.9251 support and bring rally resumption. Above 0.9499 will extend recent rise to retest 0.9594 high next.

EUR/USD continues to lose momentum ahead of 1.2625 support and at this point, intraday bias is turned neutral first. Above 1.2758 will bring stronger recovery to 4 hours 55 EMA (now at 1.2846) and possibly above. But strong resistance should be seen at 1.2994 to limit upside and bring fall

Euro recovers mildly as it’s trying to consolidate ahead of 2012 low aginast dollar but strength is very weak so far. The never-ending debt crisis is still weighing on sentiments. EU trade commission Karel De Gucht was quoted saying there ECB and EC are working on "emergency scenarios if Greece

JPY: The pair tumbled yesterday on broad-based strength in Japanese yen due to risk aversion and stops at 79.60 and 79.40 were tripped and option barrier at 79.25 was also triggered. At the moment, some defensive bids are still noted above next barrier at 79.00 and buying interests from Japanese

AUD/USD dives further to as low as 0.9794 so far today and broke mentioned 100% projection of 1.0852 to 1.0225 from 1.0473 at 0.9846. Intraday bias remains on the downside and current fall should extend to 0.9663 support first, then 161.8% projection at 0.9459. On the upside, above 0.9957 minor

USD/CAD’s rally resumed after brief consolidation and soars to as high as 1.0226 so far and intraday bias is on the upside for further rise. As noted before, whole correction pattern from 1.0656 has completed at 0.9799 already. Current rally should target 1.0522/0656 resistance zone next. On the downside, below

EUR/GBP’s recovery from 0.7949 is still in progress and further rise could be seen. But upside is expected to be limited by 38.2% retracement of 0.8395 to 0.7949 at 0.8119 and bring fall resumption. Below 0.7949 will target 100% projection of 0.8330 to 0.8221 from 0.8505 at 0.7896 next.