FXstreet.com (Buenos Aires) - Market open with greenback taking different directions against major rivals; Nikkei opening to the downside triggered some risk aversion across the board, sending dollar and yen higher against most rivals. EUR/USD however, holds around the 1.4680 area, close to past week New York close, while USD/GBP sunk to 1.5815 before rebounding to current 1.5860 zone. USD/JPY hit a fresh 7 month low at 88.23, sending GBP/JPY to 139.80, losing more than 300 pips in a couple of hours.

EUR/USD remains slightly bearish, capped by the 1.4700/30 zone with immediate support at the 1.4650 level, ahead of 1.4600/20 zone; GBP/USD confirmed the midterm bearish trend, yet could correct to the upside before next down leg. As long as capped by the 1.6020/60 area, expect the downside to be highly exposed. Commodity currencies open stronger as gold price rose quickly in Asia, approaching to $ 1000/oz.

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