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GBPUSD: Price extension saw GBP weakening further Tuesday. This development leaves it targeting the 1.5139 level. We expect a cap to occur here and turn it higher but if taken out, further downside could follow towards the 1.5050 level. Further down

EURGBP- The cross sold off on Wednesday failing to retake the 0.8597 level and opening the door for more downside. If its present weakness extends, expect a move lower towards the 8409 level followed by the 0.8363 level. Additionally, support comes

AUDUSD: With corrective recovery ending at the 0.9344 level and the pair now weakening, there is risk of an eventual return to the 0.9147 level. Below here will set the stage for more downside towards the 0.9100 level followed by its big psycho level

USDCHF – As referenced in our previous week analysis, USDCHF strengthened further for a second week in a row leaving risk of more gains on the cards in the new week. If this occurs expect the pair to push higher towards the 0.9625 level where price

EURUSD: Having closed lower for a second week in a row, the risk is for a follow through lower to occur. In such a case, further downside will target the 1.2906 level, its trendline support. Below here will call for a run at the 1.2800 level where a

GOLD: The commodity remains on the tear weakening further the past week and targeting further downside in the new week. This development leaves GOLD aiming at the 1,170.00 level where a violation will turn attention to the 1,150 level. Further down

USDJPY: More upside offensive is now underway following its strong close for a second week in a row the past week. This development leaves USDJPY targeting further upside towards the 100.00 level where a breach will aim at the 100.71 level. A cut

USDCAD: With USDCAD following through higher on the back of its last week gains, it looks to strengthen further towards the 1.0600 level. A cut through here will open the door for more upside towards the 1.0650 level with a loss of here turning focus

EURUSD: With a reversal of its correction now underway further weakness is expected. This leaves a return to the 1.3000 level on the cards. However, its correction off the 1.3415 level has not ended yet leaving the risk of further downside on the

GBPUSD: GBP remains weak and vulnerable following through on its Wednesday losses and targeting further downside. Support comes in at the 1.5200 level. We expect a cap to occur here and turn it higher but if taken out, further downside could follow

USDCHF – With the pair halting its four-week downside pressure to close higher the past week, there is risk of further recovery in the new week. This comes with one condition whereby USDCHF must follow through on the back of the mentioned strength in

EURUSD: A sell off the past week saw EUR turning below the 1.3242 level and reversing its previous week gains. This development now leaves the pair targeting the 1.3000 level and then the 1.2900 level on further downside. Its weekly RSI is bearish

USDCAD: With s second week of decline seeing USDCAD weakening the past week and seen reversing its Friday recovery gains, further bearishness is expected in the new week. This will leave the pair targeting further downside towards the 1.0100/81

EURUSD: With EUR seen trading slightly above the 1.3400 level, a convincing break and hold above that level is expected. A follow through higher above here will turn focus to the 1.3450 level with a breach setting the stage for more gains towards the

USDCHF – The pair’s outlook remains lower with the possibility of returning to the 0.9130 level on the cards. As long as it holds below its support turned resistance at the 0.9205 level, USDCHF looks to weaken further. This will leave the pair

GOLD: Having sold off on Tuesday to extend it downside pressure, the risk is for more downside to occur. Despite its Wednesday price hesitation, its broader bias points to the 1,321/38 levels. A turn below here will pave the way for a run at the

USDCAD: With the pair turning strongly higher above the 1.0250/61 level on Wednesday and following through in early morning trading today, further upside is likely in the days ahead. This development has paved the way for a move higher towards the

USDCHF – With a fourth week of bearishness seeing the pair closing lower at the end of last week since tumbling off the 0.9838 level, there is risk of further downside. Further down, support lies at the 0.9130 level . As long as it holds below its

EURUSD: Further bullishness saw the pair extending its gains the past week and opening the door for more upside in the new week. While holding firmly above the 1.3242 level, additional strength is expected towards the 1.3400 level and then the 1.3450

USDJPY: With continued downside seeing USDJPY weakening further in early trading today, there is risk of further decline in the days ahead. We are watching its supports located at the 93.50 level and the 92.57 level. A cut through the latter could