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GBPUSD: Retains Broader Upside Bias Despite Hesitation. GBPUSD: Though seen hesitating, we still look for the pair to resume its bullish strength triggered off the 1.6583 level. Note that the fact that it has reversed most of intra day losses

EURUSD: Bullish, Eyes Further Upside Pressure. EURUSD: With EUR maintaining its bullish bias, further gain is envisaged in the new week. Resistance resides at the 1.3800 level where a violation will turn attention to the 1.3850 level and then the

EURUSD: EUR looks to extend its bullish offensive with eyes on the 1.3739 level. A cut through here will aim at further upside towards the 1.3800 level, its psycho level. Further out, resistance is seen at the 1.3850 level and then the 1.3900 level

GOLD: With GOLD remaining biased to the upside, further gain is likely in the days ahead. Despite its price hesitation, its corrective recovery triggered off the 1,182.33 level is intact. Resistance resides at the 1,300.00 level, its big psycho

USDJPY: The pair remains vulnerable to the downside following its last week losses. A follow through lower is snow underway suggesting further decline with eyes on the 101.50 level a possibility. A cut through here will call for a run at the 101.00

CRUDE OIL: With Crude Oil halting its two-day weakness and recovering higher on Tuesday , the risk is for a retake of the 98.58 level, its Jan 30 2014 high to occur. Further out, resistance comes in the 99.38 level, representing its Dec 31 2013 high

GOLD: With attempts of resuming its short term uptrend failing on Wednesday for a marginal higher close, consolidation above its broken falling trendline may continue. If however GOLD retakes the 1,279.08 level, its Jan 27 2014 high to create scope

GBPUSD: With GBP still maintaining above its horizontal at the 1.6259 level, upside risk is envisaged. This leaves the pair threatening further upside leaving the 1.6398 level as the next upside. Further out, resistance resides at the 1.6440 level

USDCHF: With USDCHF closing the week lower and reversing most of its past week gains, the risk as we enter the new week is for more decline to occur. As long as USDCHF trades and holds below the 0.9156/0.9079 levels this view remains valid. Support

EURUSD: Recovery Risk Targets The 1.3739 Level. EURUSD: EUR took back most of its previous week gains to close higher the past week. This development now leaves the pair aiming at the 1.3739 level where a breach will target further upside towards the

AUDUSD: Holds Above Key Supports Despite Price Consolidation AUDUSD: With corrective recovery extending for a second week in a row the past week, further gain is anticipated. Though presently seen hesitating, its immediate bias remains higher as long

GOLD: Outlook for GOLD remains lower while holding and trading below its declining trendline currently seen at 1,274.25 level. This leaves it targeting its minimum support located at the 1,231.48 level, its Jan 23’2014 low. On a turn below that

GOLD: Risk Points Lower Below The 1,267.75 Level. GOLD: The commodity remains vulnerable to the downside while holding and trading below the 1,267.75 level, its Dec 10’2013 high. Support stands at the 1,218.35 level, representing its Jan 08’2014 low

EURGBP- With a strong sell off underway, risk of further decline is envisaged towards the 0.8230 level, its Jan 09 2014 low. Further down, support comes in at the 0.8200 level, its psycho level where a breach will pave the way for a run at the 0.8150

USDCHF: With USDCHF reversing almost all of its previous week losses to close higher at the end of the week, the risk is for the pair to recapture the 0.9126 level in the new week. Above here will trigger the resumption of its short term recovery

GOLD: While our immediate bias on GOLD remains higher on correction, the commodity will have to take out the 1,267.75 level, its Dec 10’2013 high to convince the market of price extension. However, as long as the mentioned level continues to hold as

GBPUSD: With a second day of recovery higher underway, there is risk of price extension with eyes on the 1.6516 level, its Jan 10 2014 high. A decisive break and hold above this level will pave the way for a run at the 1.6603 level, its Jan 02’2014

GBPUSD: With GBP remaining bullish in the medium term and breaking above the 1.6516 level, its Jan 10 2014 high, the risk is for it to recapture the 1.6603 level, its Jan 02’2014 high. Further out, a breach of this level will open the door for

GOLD: Weak And Vulnerable Below Trendline Resistance GOLD: The commodity remains weak and vulnerable to the downside following its Tuesday failed recovery. As long as the 1,267.75 level, its Dec 10’2013 high and its declining trendline continue to

EURUSD: With EUR reversing its previous week losses to return above its broken trendline, further recovery gains are likely in the new week. If this happens, the pair could force further strength towards the 1.3818 level, its Dec 30 2013 high where a