Seems like EU is preparing for a further leg down once it breaks below 1.1120 level. Might immediately drift lower to test 1.1070-60 support area. Only a decisive move above 1.1150 would turn the pair mildly bullish till 1.1200 mark.

EURUSD

Still need to wait for a move above 120.50-60 to confirm continuation of the bullish momentum, immediately towards 121.50...

USD/JPY Discussion

But the broader trend seems to lower for the week on uncertainty over Parliamentary elections... Seems unlikely to move above 1.5200 mark but definitely drift lower towards 1.5040-30...

Cable Update (GBPUSD)

Seems unlikely to clear 1.1300 mark resistance and start reversing and drop back below 1.1200 mark, towards 1.1120-1.1100 support. A definite short with a strict stop-loss above 1.1300 mark.

EURUSD

Need to wait for a decisive break below 1.5280-75 to confirm extension of the pull-back towards testing sub-1.5200 (1.5180-75) support area.

Cable Update (GBPUSD)

here you go as expected...

Cable Update (GBPUSD)

Now seems unlikely to clear 1.5400 mark and start drifting lower to test sub-1.5300 mark support.

Cable Update (GBPUSD)

Need to see if a drop below 1.5300 is bought into, confirming ascending trend-line support. Confirmation would confirm the possibilities of an up-move back towards 1.5400-10 resistance area. Break below would provide opportunity to initiate fresh ...

Cable Update (GBPUSD)

Would rather be sceptic of a possible move above 1.1300 mark, 100-day SMA. But if it does manage to clear 100-day SMA resistance, it would pave way for continuing the upward trajectory towards 1.1450-60 resistance. Could see a drop below 1.1200 mark ...

EURUSD

Indeed... seems poised to test 1.2240-30 support area, possibly even before tomorrow's ECB monetary policy decision...

EURUSD

The chart resembles a possible formation of a descending triangle, which has a higher possibilities of a downside break and hence considered as bearish pattern. Still would be prudent to wait for a decisive break below 1.2360-1.2350 support for an ...

EURUSD

Here comes the real test for EURUSD... Will it be able to hold 1.2400 or break to retest Nov. lows, which might open room for a test of 1.2240-30 support...???

EURUSD

Would wait for a decisive break below 1.5640 support before giving-up a pull-back expectations at-least till 1.5730-40.

Cable Update (GBPUSD)

In any case now seems to hold 186.00, but if fails we could have 185.00 immediately...

Dragon Riders GBP/JPY

Summing it up, it would be prudent to wait for either a break below 1.5600 for confirming downfall or strength above 1.5700 for any further up-move...

Cable Update (GBPUSD)

Expecting a bounce from 1.5640 support area. Fair possibilities of the bounce-back to get extended till 1.5900 in the near-term.

Cable Update (GBPUSD)

Bounces from immediate support (1150 area) and now reversing from important resistance (1220). Bearish bias remains intact for a drop below 1100 mark, which is negated only once it clears 1245-50 resistance after climbing above 1220 resistance. ...

Only Gold!

Looks like market is waiting for some fresh triggers in terms of further dovish comments from ECB President, Mario Draghi, which would clear the way for an initially drop to 1.2240-30 strong support area.

EURUSD

GBPJPY to continue with its bullish momentum and now seems all set to continue its upward trajectory towards 192.00 resistance.

Dragon Riders GBP/JPY