Yesterday's fresh slide from 1.3450 zone, that capped near-term price action, confirms short-term bearish structure, as brief break above trendline resistance was short-lived. Loss of 1.3332/00 supports, extended losses to 1.3290 support initially, with following recovery attempt being capped under 1.3400 barrier. Fresh weakness is under way, with break below

On Thursday Pound/Dollar decreased with 160 pips. The Cable depreciated from 1.5770 to 1.5609 yesterday, in converse with the positive Interbank sentiment at nearly +30%, closing the day at 1.5625. Today the British Pound weakened further, reaching 1.5583. On the 1 hour chart range trading has formed, while on the

Although a new five week low was posted yesterday USDCAD sentiment reversed aggressively. Buyers near 1.0000 led to a move back above 1.0200 and the most positive performance for 13 trading days. Although gains have not been built upon, to any great degree, in Asia and intraday signals for sentiment

The EURO closed lower on Thursday and the lowrange close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain neutral to bullish hinting that a low might be in or is near. Closes above last Friday's high crossing are needed to confirm that

Intraday bias in EUR/GBP remains mildly on the downside for the moment and further fall would be seen to 0.8485 support first. Break there will confirm resumption of whole decline from 0.9083 and should target 100% projection of 0.9083 to 0.8529 from 0.8830 at 0.8276. On the upside, above 0.8614

The USD made general gains as the markets slumped back into 'risk off' mode after the ECB press conference. Risk positive currencies, which are generally currencies that have solid budget and balance of payments fundamentals, had made some gains in the last few days, and these positions were unwound as

GBP/JPY still staying in tight range of 120.75/122.56 and intraday bias remains neutral. With 120.75 minor support intact, another rise cannot be ruled yet. But after all, the choppy structure and weak momentum of rise from 119.37 suggests that it's merely a correction. Hence, even in case of another rise,