EUR

The Euro versus Dollar pair attempted to incline yet the 61.8% at 1.4090 was able to limit the gains. We see the pair still has more potential to the upside with no need for a downside correction if the pair was able to breach the 1.4090 level to target 1.4205. This incline remains as far as 1.3940 is intact.

The trading range for today is among the key support at 1.3655 and the key resistance at 1.4340

The general trend is to the downside as far as 1.4710 remains intact with targets at 1.2120

GBP

The Cable continued to trade around the 61.8% correction at 1.6430 in an attempt to breach it to the downside yet the bullish sign on momentum indicators are supporting the uptrend where we still believe the pair is to incline to reach the key resistance at 1.6525 where a breach of which will take the pair to 1.6685 and 1.6750. The uptrend remains as far as 1.6350 remains intact.

The trading range for today is among the key support at 1.4840 and the key resistance at 1.6815

The general trend is to the upside as far as 1.4840 remains intact with targets at 1.7100

JPY

The USD/JPY pair retested the neckline at 96.55 before rebounding back to the upside supporting our outlook to continue inclining towards 97.80 before reversing back to the downside to target 94.50 and 93.00 as far as 97.80 remains intact.

The trading range for today is among the key support at 93.00 and the key resistance at 98.85

The general trend is to the downside as far as 102.60 remains intact with targets at 84.95 and 82.60

CHF

The Dollar versus Swissy declined gradually since the morning to near the pivot support at 1.0775 which keeps our short term outlook to the downside with no need for a correction. The downside movements remain as far as 1.1110 is intact.

The trading range for today is among the key support at 1.0600 and the key resistance at 1.1165

The general trend is to the upside as far as 1.0570 remains intact with targets at 1.2245

CAD

It seems like the expected decline for the Dollar versus Loonie pair had started as it gradually declined yet the minor support may stall the downside movements to result in a slight upside correction before reversing back to the downside. We hold our outlook to the downside to breach the key support at 1.1540 and target 1.1280 as far as 1.1700 remains intact

The trading range for today is among the key support at 1.1280 and the key resistance at 1.1815

The general trend is to the downside as far as 1.1870 remains intact with targets at 1.0300