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USDJPY : Recovering With Caution USDJPY: Broader outlook for USDJPY may be higher in the medium term but faces consolidation to downside threats in the short term. While the 120.47/81 zone caps, our bias remains lower. On the downside, support comes

EURUSD : Weakens, Eyes Key Support EURUSD: With seen weakening, further decline towards its key support the 1.1096 level is expected. Support is seen at 1.1050 level with a cut through here opening the door for more downside towards the 1.1000 level

USDCAD: Caps Strength, Turns Lower USDCAD: Having capped its strength at 1.2442 level to turn lower during Tuesday trading session , further downside pressure is envisaged. On the downside, support lies at the 1.2400 level followed by the 1.2350

USDJPY : Vulnerable Below The 120.47 Level USDJPY: Despite the pair’s marginal higher close the past week, it still faces bear risk while holding below the 120.47 level. On the downside, support comes in at the 118.62 level where a break will target

GOLD: Risk Remains Lower Despite Recovery Attempts GOLD: Although a marginal higher close occurred the past week, GOLD continues to retain its broader downside pressure. On the upside, resistance resides at the 1,219.98 level where a break will aim

EURUSD : Risk Builds On 1.1096 Level EURUSD: With EUR breaking down out of its consolidation range to close lower the past week, risk now builds on its key support located at 1.1096 level. We expect that level to give in for the pair resume its

EURUSD: Declines On Sell Off EURUSD: With EUR triggering a strong sell-off on Thursday , further downside pressure is envisaged. Support is seen at 1.1100 level with a cut through here opening the door for more downside towards the 1.1050 level

GOLD: Bullish, Extends Corrective Recovery. GOLD: With GOLD recovering strongly on Thursday , further strength is envisaged in the days ahead. On further upside, resistance resides at the 1,230.00 level where a break will aim at the 1,250.00 level

GBPUSD : Maintains Bullish Offensive GBPUSD: Having continued to remain bullish, more recovery is expected. Resistance resides at the 1.5600 level with a break aiming at the 1.5650 level. A violation will aim at the 1.5700 level and possibly higher

GBPUSD: Bullish On Correction GBPUSD: With GBP strengthening on Wednesday , further bullishness is likely in the days ahead. On the downside, support lies at the 1.5400 level where a break if seen will aim at the 1.5350 level. A break of here will

EURJPY : Vulnerable EURJPY- With the cross remaining weak and vulnerable to the downside, risk continues to point lower. On the upside, resistance resides at the 136.68 level where a break if seen will threaten further upside towards the 137.50

EURUSD : Bear Pressure Remains EURUSD: We continue to envisage a decline having EUR closed almost flat the past week. Support is seen at 1.1278 level with a cut through here opening the door for more downside towards the 1.1200 level. Further down

USDCAD: Bullish, Follows Through On Strength USDCAD: Having halted its correction to close higher the past week, it faces the risk of a move higher. It was seen following through higher on the back of its Friday gain during Monday trading session

GBPJPY : Bullish, Strengthens Further GBPJPY: The cross is seen following through higher on the back of its Monday gains suggesting further bullishness in the days ahead. On the upside, resistance lies at the 185.00 level followed by the 186.00 level

AUDUSD: Bullish, Extends Strength AUDUSD: With AUDUSD following through higher on the back of its Tuesday gains during Wednesday trading session , further price extension is envisaged. On the upside, resistance lies at the 0.7950 level. A cut through

AUDUSD: Faces Further Recovery Risk AUDUSD: With AUDUSD strengthening on Tuesday , we expect more recovery to occur. On the downside, support resides at the 0.7700 level where a breach will aim at the 0.7650 level. Below that level will set the stage

GOLD: Weakens, Eyes The 1,216.00 Level. GOLD: With GOLD seen selling off on Tuesday , further downside pressure is now envisaged. On the downside, support comes in at the 1,216.00 level where a break will aim at the 1,200.00 level. Below here if seen

EURUSD: Remains Weak And Targeting Further Decline EURUSD: Having weakened on Monday , it now faces its broader downside pressure as long as it trades below the 1.1533 level. Support is seen at 1.1300 level with a cut through here opening the door

GOLD: Bearish, Remains Vulnerable GOLD: GOLD may have closed marginally lower the past week but it continues to hold on to its broader downside pressure medium term. On the downside, support comes in at the 1,216.00 level where a break will aim at

EURUSD : Vulnerable Below The 1.1533 Level EURUSD: While EUR may have closed higher the past week, it still faces its broader downside pressure as long as it trades below the 1.1533 level. Support is seen at 1.1300 level with a cut through here