EUR/GBP’s break of 0.8852 resistance suggests that recent rise is resuming and intraday bias is back to the upside for .8940 resistance first and then 100% projection of 0.8067 to 0.8940 from 0.8284 at 0.9157 next. On the downside, break of 0.8713 support is needed to signal short term topping. Otherwise, outlook will remain bullish.

EUR/CHF’s break of 1.3053 minor support suggests that rise from 1.2432 has completed at 1.3234 after hitting 100% projection target. Intraday bias is flipped back to the downside for 1.2736 support next. Break will confirm this case and also indicates that consolidation from 1.2401 is also completed too. In such

EUR/USD’s break of 1.4383 minor support suggests that a temporary top is in place at 1.4486 and intraday bias is turned neural. Some consolidations could be seen with risk of retreat to 4 hours 55 EMA (now at 1.4294). But downside should be contained by 1.4020/4247 support zone and bring

Intraday bias in GBP/USD remains neutral as consolidations from 1.6426 temporary top is still in progress. But even in case of deeper retreat, we’d expect downside to be contained by 50% retracement of 1.5935 to 1.6426 at 1.6181 and bring rise resumption. Break of 1.6426 should extend rise from 1.5935 towards 61.8% projection of 1.5343 to 1.6400 from 1.5935 at 1.6588.

Intraday bias in USD/CHF remains on the downside and fall from 0.9339 is expected to continue towards 0.8921 low first. Break will confirm down trend resumption for 61.8% projection of 1.1729 to 0.9462 from 1.0065 at 0.8664. On the upside, above 0.9128 minor resistance will dampen the immediate bearish view and bring more consolidation first.

USD/JPY’s retreat from 85.51 is still in progress and deeper fall might be seen. But downside is expected to be contained above 81.97 support and bring rally resumption. Above 85.51 will target 61.8% retracement of 94.97 to 76.40 at 87.87 first. Sustained break there will further affirm the case of

AUD/USD’s break of 1.0506 minor support and the sharp retreat indicates that a short term top is likely in place at 1.0581 with bearish divergence condition in 4 hours MACD. Intraday bias is turned neutral and some consolidations could be seen first. Nevertheless, consolidations should be relatively brief as long

USD/CAD’s break of 0.9623 minor resistance indicates that a short term bottom is in place with bullish convergence condition in 4 hours MACD. Intraday bias is mildly on the upside for stronger recovery to 0.9666 support turned resistance. But upside should be limited below 0.9750 cluster resistance (50% retracement of

The Japanese yen rebounds broadly as Asian equities are pressured by news that Japan raised the crisis level of the Fukushima Daiichi nuclear power plant to match the same level as the 1986 Chernobyl disaster, i.e. level 7. An official that the amount of radiation released was only about

Intraday bias in EUR/USD remains on the upside with 1.4383 minor support intact. Current rise is expected to target 161.8% projection of 1.2873 to 1.386 from 1.3427 at 1.5024, which is close to 1.5 psychological level. On the downside, below 1.4383 minor support will turn bias neutral and bring consolidations.