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GOLD Maintains Bearish Bias, Eyes Key Support GOLD: With GOLD selling off sharply on Wednesday , further bearishness is expected though presently seen hesitating. Support comes in at the 1,178.39.00 level where a break will aim at the 1,165.00 level

USDCHF : Vulnerable, Risk Points Lower USDCHF: With a reversal of almost all of its past week gains seen at the end of the week to close slightly higher, USDCHF now faces the risk of a move lower in the new week. On the downside, support comes in at

GBPUSD : Builds Up On Strength GBPUSD: With GBP maintaining above its broken resistance turned support at the 1.5166 level, it faces further bullish offensive. However, watch out for any pullback risk of its recent strength. On the downside, support

GOLD Remains Weak And Vulnerable GOLD: With GOLD declining the past week, it faces further downside pressure in the new weak. However, it will have to overcome the 1,178.39 level convince the market of further weakness. Support comes in at the

USDJPY : Halts Weakness, Eyes Further Upside USDJPY: The pair now faces further recovery risk after turning higher off its intra day low at 118.76 level during early Monday trading. On the upside, resistance resides at the 119.74 level with a turn

EURUSD : Risk Continues To Point Higher EURUSD: Outlook for EUR remains to the upside after closing higher at the end of the week following a reversal of most of its losses. This development leaves risk higher in the new week. Resistance is seen at

EURUSD : Looks To Resume Broader Downtrend. EURUSD: With EUR selling off strongly the past week, it looks to resume its broader medium term downtrend. On the downside, support lies at the 1.0500 level where a violation will aim at the 1.0461 level. A

GBPUSD Holds Above Key Supports, Eyes Further Upside GBPUSD: Having held off the 1.4633/00 zone, we look for GBPUSD to strengthen further above that level in the days ahead. On the downside, support lies at the 1.4550 level where a break if seen will

USDJPY Faces Downside Pressure On Price Failure USDJPY: With the pair capping its gains at 120.84 level to decline on Monday , further weakness is envisaged. On the upside, resistance resides at the 120.50 level with a turn above here aiming at the

GBPUSD: Weakens, Eyes Key Support And Possibly Lower GBPUSD: With continued downside seen on Friday and the pair testing its key support at the 1.4633 level, further price extension is expected. Support lies at the 1.4600 level where a break if seen

EURJPY: Bullish On Corrective Recovery EURJPY- With a third consecutive day of recovery now underway, further strength is envisaged in the days ahead. On the downside, support comes in at the 127.00 level where a break will aim at the 126.00 level. A

EURGBP - Consolidates With Upside Bias. EURGBP- With the cross halting its weakness and consolidating, it looks to recover higher. On the downside, support lies at the 0.7150 level where a break will expose the 0.7100 level. Further down, support

EURUSD : Recovering With Caution EURUSD: Outlook for EUR remains to the upside after closing higher the past week. However, a mild pullback may occur in the new week as price hesitation signs are now seen on lower level charts. Resistance is seen at

GBPUSD: Weakens, Vulnerable Below Key Resistance GBPUSD: With GBP seen weak and vulnerable on the back of its rejection candle print on Friday , more decline cannot ruled out. On the downside, support lies at the 1.4850 level where a break if seen

GBPJPY: Halts Weakness, Eyes Recovery GBPJPY: With GBPJPY closing higher on Tuesday on a rejection candle off its key support zone at 175.30/49, it faces recovery risk in the days ahead. On the downside, support comes in at the 175.50 level where a

USDCHF : Looks To Keep Recovery Tone USDCHF: With USDCHF still facing recovery higher risk, a move higher could occur in the new (see daily chart) although closing lower the past week. On the downside, support comes in at the 0.9550 level. A turn

EURUSD: Vulnerable On Price Failure EURUSD: With EUR closing almost flat the past week, it faces downside risk as long the 1.1051/96 levels cap. Resistance is seen at 1.0950 level with a cut through here opening the door for more downside towards the

USDJPY: Follows Through On Recovery USDJPY: Having followed through on the back of its rejection candle on Thursday during Monday’s trading session , more strength is expected. On the upside, resistance resides at the 120.00 level with a turn above

EURUSD : Maintains Downside Threats EURUSD: With EUR continuing to look vulnerable, further downside pressure remains. Resistance is seen at the 1.0900 level with a cut through here opening the door for more downside towards the 1.0950 level. Further

USDCAD: Sets To Extend Weakness USDCAD: The pair halted its strength to close slightly higher on Tuesday , leaving risk of a move lower on the cards. On the upside, resistance is seen at the 1.2750 level followed by the 1.2800 level. Further out