GBP/USD Comments:
• Anna Coulling: Topped out as expected in the USD1.60 region, expect pullback.
• Ilian Yotov: The Bank of England Q3 rate hike expectations have helped, at least for the time being, change the GBP short-term direction. Will it last much above $1.60?
• Mohammed Isah: Although price hesitation has set in, we still have our focus on the upside with a move higher towards the 1.6091/1.6181 levels the coming week. Within one one to three months, we have a bullish to consolidation bias on the pair.
• Dr. Sivaraman: There could be more quick gains in this quarter
• Yohay Elam: The hopes for a rate hike might disappear when the economy takes a hit from austerity measures
• ecPulse.com: Trading above 1.5865 is needed to confirm 1 week trend while 1.6250 should be breached to confirm 1 month target
• Derek Frey: Expecting to see the Cable pullback to 1.5600 handle.
• Valeria Bednarik: 1.60 is resulting in a tough level to break for the cross despite the upside remains contained. Weekly close above the level, should favor an approach to 1.65 in the upcoming weeks.
EUR/USD Comments:
• Anna Coulling: One of the most vicious short squeezes appears to be coming to an end having run into resistance at the USD1.35 level. Expect to see sharp pullback from current level.
• Ilian Yotov: Improvement in sentiment and yield differentials have helped the EUR sustain its exchange rate vs. USD into the $1.30s, but things could change if the Fed next week hints to the possibility of tightening.
• Mohammed Isah: Our outlook in the coming is biased to the upside towards the 1.3783 level on a firm hold above the 1.3494.Our overall outlook remains bullish in three months as we look for it to return to the 1.4281
• Dr. Sivaraman: There could be more quick gains in this quarter
• Yohay Elam: The big load of debt on European shoulders will probably take its toll, despite the temporary relief
• ecPulse.com: Trading above 1.3280 is needed to confirm 1 week and 1 month trends
• Derek Frey: Looking for a pullback towards the 1.30 level.
• Valeria Bednarik: Bullish momentum in the cross would likely extend over a couple of weeks as per weekly close Above 1.3500. Gains above 1.40 are not seen and pair will likely resume it's bearish trend.
USD/JPY Comments:
• Anna Coulling: Turning bullish & weekly price action breaking above both 9 & 14 ma's.
• Ilian Yotov: Improvement in investor sentiment and risk appetite, coupled with stronger U.S. economic data and higher Treasury yields could continue to support the USD on its march to post-intervention highs around 86 yen.
• Mohammed Isah: We think a move towards the 84.50 is still valid on correction. Risk should continue to develop towards that level and even beyond but we retain our long term bearish call in three months.
• Dr. Sivarman: There could be more quick gains in this quarter
• Yohay Elam: The improvement in the US economy boosts the pair. Note the correlation with bonds
• ecPulse.com: 81.15 should hold to keep 1 week and 1 month expectation valid
• Derek Frey: This pair remains stuck but bias remains up.
Keys:
• Bearish: Belief that a particular currency is about to fall in value; understood as a general pessimistic trend about the state of that given currency.
• Bullish: Belief that a particular currency is about to rise in value; understood as a general optimism about the state of that given currency.
• Sideways: A sideways trend manifests when the volume of a currency pair bought and the volume of the same pair sold at a particular price are in balance or nearly in balance.