GBP/JPY pull back last week and reached as low as 135.25 before stabilizing around 4 hours 55 EMA. With 137.62 minor resistance intact, deeper decline could still be seen initially this week. But after all, downside is expected to be contained by above 132.96 resistance turned support and bring rally

No change in GBP/USD’s outlook. The pair is still bounded in established range below 1.6426 and intraday bias remains neutral. More consolidation could be seen but even in case of another fall, downside should be contained by 50% retracement of 1.5935 to 1.6426 at 1.6181 and bring rise resumption. Break

With 4 hours MACD staying above signal line, a temporary low is in place and some recovery could be seen towards 4 hours 55 EMA (now at 0.9045). But upside should be limited by near term falling trend line (now at 0.9213) and bring fall resumption. Current decline is expected

With 84.42 minor resistance intact, USD/JPY pull back from 85.51 could still extend lower. But downside is expected to be contained above 81.97 support and bring rally resumption. Above 84.42 minor resistance will flip intraday bias back to the upside for 85.51 resistance. Break will target 61.8% retracement of 94.97

EUR/USD’s consolidation from 1.4519 is still in progress and intraday bias remains neutral. Deeper retreat might be seen but we’d expect downside to be contained by 1.4247 resistance turned support and bring another rise. Above 1.4159 will target 61.8% projection of 1.2873 to 1.386 from 1.3427 at 1.5024, which is close to 1.5 psychological level.

Dollar remains steadily in range in early US session after data shows stronger than expected inflation reading in March. CPI rose to 2.7% yoy versus expectation of 2.6% yoy, highest reading since December 2009 and a sharp jump from February’s 2.1% yoy. Empire stat manufacturing index beat expectation and rose

No change in USD/CAD’s outlook as consolidations from 0.9525 continues. Stronger recovery could be seen to 0.9666 support turned resistance. But upside should be limited below 0.9750 cluster resistance (50% retracement of 0.9972 to 0.9525 at 0.9749) and bring down trend resumption. Below 0.9525 will target 100% projection of 1.0285 to 0.9666 from 0.9972 at 0.9353.

AUD/USD is staying in range below 1.0581 short term top and intraday bias remains neutral. Another fall could be seen but we’d expect downside to be contained by 1.0287 support and bring another rise. Above 1.0581 will target target 61.8% projection of 0.8315 to 1.0181 from 0.9704 at 1.0857 next.

Intraday bias in EUR/USD remains neutral for the moment and some more consolidations could be seen below 1.4159. But even in case of another fall, we’d expect downside to be contained by 1.4247 resistance turned support and bring another rise. Above 1.4159 will target 61.8% projection of 1.2873 to 1.386

No change in GBP/USD’s outlook. The pair is still bounded in established range below 1.6426 and intraday bias remains neutral. More consolidation could be seen but even in case of another fall, downside should be contained by 50% retracement of 1.5935 to 1.6426 at 1.6181 and bring rise resumption. Break