GBP/USD Comments:
• Anna Coulling: Could struggle at current levels & pair meet deep band of resistance between 1.62 and 1.67
• ecPulse.com: 1.6060 should hold to confirm 1 week trend while breaching 1.6365 will confirm 1 month trend and cancel 1 quarter expectation
• Ilian Yotov: The market has been pricing aggressively Q3 rate hike expectations and if the Bank of England confirms that view, the GBP could remain comfortably into the $1.60's
• Mohammed Isah: We retain our bullish bias on EURUSD between one to three months but see risk of a correction of its run from the 1.5344 to 1.6272 levels.
• Dr. Sivaraman: Very bullish one sided gains could be seen
• Yohay Elam: The hopes for a rate hike might disappear when the economy takes a hit from austerity measures. Weakness was already seen in Q4, through GDP
• Derek Frey: Pullback after Egypt fears wane.
EUR/USD Comments:
• Anna Coulling: Political rhetoric has driven momentum so far, now a reality check is due.
• ecPulse.com: 1.3570 should hold to confirm 1 week trend
• Ilian Yotov: With the Fed staying the ultra-accommodative course, the ECB increasingly hawkish on inflation and the EU moving closer to long-term solutions to fight the debt crisis, such combination of factors could create the perfect storm for the USD.
• Mohammed Isah: We retain our bullish bias on GBPUSD between one to three months but see risk of a correction of its run from the 1.2874 to 1.3859 levels.
• Dr. Sivaraman: Very bullish one sided gains could be seen
• Yohay Elam: The big load of debt on European shoulders will probably take its toll, despite the temporary relief and the fear of inflation
• Derek Frey: Pullback after Egypt fears wan.
USD/JPY Comments:
• Anna Coulling: May have to test 81 before moving higher.
• ecPulse.com: Breaching 84.25 would confirm 1 month and 1 quarter expectation while breaching 82.55 would cancel 1 week expectation
• Ilian Yotov: In the aftermath of the Fed's status-quo announcement, the U.S. dollar bulls might need to exercise some patience before the USD resumes its march to post-intervention highs around 86 yen.
• Mohammed Isah: The pair has an immediate bias to the downside towards the 80.90/23 levels unless a break and holds the 83.65 level occurs. We still retain our long term bearish call in one to three months.
• Dr. Sivaraman: Bullish one sided gains could be seen
• Yohay Elam: The improvement in the US economy, and the weakness of the Japanese one are likely to eventually push the pair higher. Note the higher chance of BOJ intervention
• Derek Frey: Very Oversold.

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.