EURUSD  :  EURO is holding below the 100 day EMA in daily charts. Its moving according to our expectation and the 1st target of 1.44 has reached. We would be looking at the next crucial target of 1.42 levels. Bias still maintains bearish and shorts close to 1.4500 can be taken for target of 200 pips and lower. (EURUSD - 1.4389) Bearish.

GBPUSD : Cable broke its crucial support at 1.62 levels after data. Most likely it is heading for its next target below 1.60 levels now. Please note that it should not hold above 1.62 levels for 2 days to maintain bearish bias. Levels close to 1.6230 -6300 levels should be used to create shorts again. (GBPUSD- 1.6206) Bearish.

USDJPY  : The JPY maintains bearish bias and moved above 90 plus levels as expected. We still maintaining bearish bias for yen targeting 93 plus. (USDJPY- 89.45) Neutral.

AUDUSD  : AUD had been moving below the trendline and reached our target of .8800 levels yesterday touching a low of .8807 levels. Look at sells at .9000 levels again.(AUDUSD - 0.8885) Bearish.

Gold         : Gold recent move seems to have made a top already at 1200 plus levels. Recommended shorts at 1138 have fetched us 23 dollars plus. Shorts are favored in near term overall and longs can be initiated only at a level of 1080 dollars. (Gold - $1107.25) Neutral to Bearish.