GBP: The British pound has remained confined within relatively narrow range in part due to cross-trading in sterling against euro, dovish comments from BOE’s Weale continued to put pressure on pound and offers are still noted from 1.5700 up to 1.5730 and more selling interests from UK clearer should emerge

Intraday bias in USD/JPY remains neutral for the moment as it’s staying in range above 78.99 temporary low. More consolidation could be seen but even in case of another recovery, outlook remains bearish with 80.54 resistance intact and deeper decline is still expected. Below 78.99 will extend the fall from

Intraday bias in USD/CHF remains on the upside for the moment. Sustained break of 0.9594 will pave the way to 0.9916 key resistance next. Meanwhile, below 0.9528 minor support will indicate short term topping and should bring pull back towards 0.9366 support before staging another rally.

GBP/USD continues to press mentioned 61.8% retracement of 1.5234 to 1.6300 at 1.5641 but there is no strength for recovery yet. Intraday bias remains on the downside and sustained trading below 1.5641 should pave the way to retest 1.5234 low. On the upside, above 1.5726 will suggest short term bottoming

EUR/USD edges lower to 1.2506 in early US session and intraday bias remains on the downside for 61.8% projection of 1.4246 to 1.2625 from 1.3486 at 1.2484. Break will pave the way to 100% projection at 1.1865 which is close to 1.1875 low. On the upside, though, 1.2619 minor resistance

European majors attempted for a recovery earlier today on profit taking, along with European equities but strength was very weak. Trading of shares of Bankia, the fourth largest Spanish bank which was nationalized this month, was suspended as it would seek funds from the government as part of a restructuring

EUR: Despite yesterday’s brief bounce to 1.2620, the single currency ran into fresh offers and dropped again overnight, however, defensive bids are still noted at 1.2505-15 (for protection of large barrier at 1.2500), some profit-taking bids ahead of U.S. long weekend also expected further out at 1.2470 and 1.2450. On

Intraday bias in EUR/USD remains on the downside for the moment and current fall should target 61.8% projection of 1.4246 to 1.2625 from 1.3486 at 1.2484. Break will pave the way to 100% projection at 1.1865 which is close to 1.1875 low. On the upside, above 1.2687 minor resistance argue

Intraday bias in GBP/USD remains on the downside for the moment. Sustained trading below 61.8% retracement of 1.5234 to 1.6300 at 1.5641 will pave the way to retest 1.5234 low. On the upside, above 1.5726 will suggest short term bottoming and bring rebound back to 1.5847 resistance before staging another decline.

Intraday bias in USD/CHF remains on the upside for the moment. Sustained break of 0.9594 will pave the way to 0.9916 key resistance next. Meanwhile, below 0.9528 minor support will indicate short term topping and should bring pull back towards 0.9366 support. Nonetheless, we’ll stay bullish as long as 0.9366