EURUSD   :  EURO is holding below the 100 day EMA in daily charts. Break of 1.4450 would target 1.42 levels in Euro. Bias still maintains bearish and shorts close to 1.4720 can be taken for target 1.4520 and lower. (EURUSD - 1.4555) Bearish.

GBPUSD   :  Cable is maintaining its crucial support again at 1.62 levels.  Currently it has been trading in a thin range but still looks bearish in near term. A break below 1.62 levels would target 1.5850 (weekly lower Bollinger) levels soon. It is important that 1.62 is a very strong support of the long term weekly trendline.Shorts close to 1.6380 levels can be done targeting 1.62 support again. (GBPUSD- 1.6272) Bearish.

USDJPY      :  The JPY had a significant technical move yesterday and the pressure is more to the upside now testing 90.70 area. The target for the yen still remains 93 plus.(USDJPY - 89.38) Neutral.

AUDUSD    : AUD is trading below the weekly trendline resistance and we are looking at 0.8900 levels soon. Shorts at 0.9150- 0.9200 levels can be initiated for 200 pips.(AUDUSD - 0.8950) Neutral to Bearish.

Gold              :  Gold's fall from 1227.5 extended further to as low as 1110.2 last week and the break of 1130.1 support, as well as the sustained trading below the near term channel, indicates that rise from 931.3 has likely made a top already. Initial bias will remain on the downside this week as long as 1148.4 resistances hold. Further decline should be seen to 50% retracement of 931.3 to 1227.5 at 1079.4 next. Shorts could be taken around 1130 dollars and longs could be initiated around 1170 dollars.(Gold - $1123.80) Neutral to Bearish.

Dollar Index: Dollar index trend overall is developing bearish and while overall sideways consolidations could be seen in the US session today, dollar index maintains strong this week targeting 77.5 plus. (DI - 76.92) Neutral