Good morning. Herewith we would like to present our daily currency market commentary.

EURUSD
As this major pair is experiencing a longer consolidation between 1.3430 and 1.3740  so our daily forecast says about some short bets around 1.3590 and then 50 pips higher. On the other hand in case rebound above 1.3640 march for another 100 pips should takes only few hours with a attack on 1.3800 in longer perspective.

USDCHF
Some longs from 1.0760 or even 30 pips lower shall be profitable as shoot toward 1.0880 and then toward 1.0940 is highly expected. Otherwise only firm falls below 1.0730 may reverse our strategy  to more bearish with targets around 1.0660 and then 60 pips lower in few hours.

GBPUSD
As this pair is continuing its downward march some shorts from 1.4950 should be reasonable but under one condition that resistance 40 pips higher won't be tested. Moreover in case breakout area around 1.5000 another 100 pips may takes only few hours indicating march toward new targets around 1.5300. Today we forecast that support at 1.4860 is likely to be broken and initiate drops at least to 1,4810.

EURJPY
After yesterday's jump toward 122.40 testing area around 121.60 is highly expected so some shorts shall be placed around that higher level as falls toward 121.10 and 80 pips lower are strongly perceived. On the other hand in case jump above 122.60 another 50 pips won't be a problem with possible extension of the movement toward 123.70.


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