Breaks below 0.6700... Near-term oversold conditions, hence need to wait for a minor pull-back or consolidation before it resumes its downward trajectory towards the next downside target near 0.6560-50 support area...

NZD/USD

Should hold 1.1060 support until Friday's NFP... but a break below would confirm 1.0860-50 and fall might get aggravated on strong US jobs report....

EURUSD

EURUSD on the verge of breaking below an important support near 1.1060-50 area... Drop below this support opens room for a test of 1.0860-50 area...

EURUSD

another reason for GBPUSD to drop further... Highest ADP reading since December...

Cable Update (GBPUSD)

and here it goes... should continue the momentum initially to 1.5630-25 before targeting 1.5560-50 support...

Cable Update (GBPUSD)

As expected, 0.6800 seems to have provide opportunity for a quick short trade for a downside target of 0.6720. Drop below 0.6780 would confirm the target price...

NZD/USD

GBPUSD awaiting the release of manufacturing PMI before heading lower...

Cable Update (GBPUSD)

A dramatic reversal on Monday and now need to wait for a sustained strength above 1.1250 for a further up-move towards 1.1350-60 resistance area. Drop back below 1.1060-50 support would now negate possibilities of any bullish moves and drag the pair ...

EURUSD

After the expected bounce back that provided shorting opportunity, the current pull-back seems unlikely to clear 0.6785-0.6800 resistance. Hence, would trail my stop-loss to 0.6800 mark. Awaiting the pair to test 0.6720 and subsequently drop to ...

NZD/USD

GBPUSD still seems vulnerable to resume its near-term corrective move and a drop below 1.5660-55 now seems to accelerate the fall immediately towards 1.5560 support area. Would place my stop-loss on a decisive break above 1.5800 mark.

Cable Update (GBPUSD)

USDJPY seems to prepare for a break-out. Need to wait for a sustained strength above 124.00-124.20 resistance to confirm an up-move, possibly towards 125.00 mark immediately.

USD/JPY Discussion

USDCHF clears the short-term descending trend-channel resistance. A subsequent strength above 0.9380-0.9400 immediate resistance would set the stage for continuing the upward trajectory towards 0.9520-30 resistance area.

USD/CHF

Highly oversold conditions across all time-frames. High time that we could possibly witness some shorts taking profit off the table. Expecting a bounce from near 0.6800 mark support, also nearing July 2010 lows of 0.6795, towards 0.6870-80 area.

NZD/USD

Reversal from 1.5920-30 important resistance and a subsequent weakness below 1.5750 has now confirmed continuation of the near-term weakening trend for GBPUSD, at-least till 1.5670-60 support area. Wouldn't be surprised if the pair drops further ...

Cable Update (GBPUSD)

As was expected, the pair failed to conquer 1.2350 resistance and eventually dropped to 1.2130-35...

USD/CAD

Oops... picture perfect, exactly the way it was anticipated... Cheers...

Cable Update (GBPUSD)

Did I miss anything...???

USD/CHF

USDCHF bearing the risk of dropping back below 0.9200 mark.

USD/CHF

GBPUSD extends its bounce from sub-1.5200 mark important support and now seems all set to be headed towards 1.5800 mark resistance before aiming 1.5930 resistance area.

Cable Update (GBPUSD)

AUDUSD seems to resume its downward trajectory. Weakness back below 0.7700 mark to confirm the fall...

AUD/USD