• Anna Coulling: The series of higher lows on weekly chart may help to push the pair higher.
• Ilian Yotov: The market has been pricing aggressively Q3 rate hike expectations and as long as the Bank of England confirms that view and the U.K. economy remains resilient to the spending cuts, the GBP could remain comfortably above $1.60.
• Mohammed Isah: Sideways trading with downside bias cannot be ruled out but we look for GBP to head back up on ending its current price correction. We are bullish in one to three months.
• Dr. Sivaraman: Aggressive gaining moves may be seen above 1.62 area
• 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
EUR/USD Comments:

• Anna Coulling: Weekly chart remains bearish with 2 consecutive doji candles. Debt problems looming once again.
• 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 continue to support the EUR.
• Mohammed Isah: While our bias is to the upside short term, a break and hold above 1.3859 level is required to trigger that trend.Until that occurs, we are likely to see consolidation with a test of the 1.3494 level.
• Dr. Sivaraman: aggressive gaining moves may be seen above 1.38 area
• Yohay Elam: High Portuguese yields, Irish lections and Greek restructuring can return to limelight and weigh heavily on the Euro
USD/JPY Comments:
• Anna Coulling: Now looking to test resistance in 84.38 area & a break here could offer further upside momentum.
• 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: Although still retaining its broader long term downtrend bias, its ability to climb above its declining trendline suggests we could see a retest of the 84.47 level. We still retain our long term bearish call in one to three months.
• Dr. Sivaraman: gaining moves will be quick above 83.50 area
• Yohay Elam: The improvement in the US economy, and the weakness of the Japanese one are likely to eventually push the pair higher, in this tough pair.

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.