GBP/USD Comments:
• Adam Narczewsk: 1.6290 seems a strong resistance level, which the market was unable to break and a corrective movement can reach 100 pips
• Anna Coulling: Pound dollar continues to hold 9 & 14 ma's. Any break above 1.6299, November's high, will provide platform for sustained move higher.
• ecPulse.com: 1.5960 should hold to keep our 1 month expectation valid
• Ilian Yotov: The market has been pricing BoE rate hike expectations and as long as inflationary pressures stay elevated, the U.K. economy recovers after the Q4 2010 contraction and shows resilience to the spending cuts, the GBP could remain comfortably above $1.60.
• Dr. Sivaraman: New month is expected to show very bullish moves
• Yohay Elam: Despite the rate hike getting closer, the situation in Britain isn't too good.
EUR/USD Comments:
• Adam Narczewsk: The market bets aggressively on interest rates hike by the ECB. Thats is possible but should not happen this quarter. If the resistance at 1.3750 is broken then the market can attack the local peak at 1.3860. I see it more probable that the situation will calm down and I expect a corrective movement to 1.36.
• Anna Coulling: Eurodollar now holding above all principal moving averages. Any break above short term top at 1.3861 will signal further bullish momentum.
• ecPulse.com: 1.3580 should hold to keep our 1 week expectation valid, while 1.3480 should hold to keep our 1 month expectation valid
• Ilian Yotov: With Euro-zone inflation above the 2% target and three ECB Council members hawkish on the prospects for future tightening of the ECB monetary policy, the EUR could remain supported ahead of the ECB rate decision.
• Dr. Sivaraman: New month is expected to show very bullish moves
• Yohay Elam: The Euro enjoys the hawks at the ECB, but when the debt crisis will return to the limelight, it will come under risk
USD/JPY Comments:
• Adam Narczewsk: The Japanese Yen has been gaining value since last week reaching the support at 82.50. I expect a rebound from that to 83.50.
• Anna Coulling: USD/JPY continues to trade in channel & may bounce off 80.96 low before moving higher once more.
• ecPulse.com: 81.05 Should hold to keep our 1 month expectations valid.
• Ilian Yotov: A break above 84.50, the top of the existing multi-month range, could see the USD marching to post-intervention highs around 86 yen.
• Dr. Sivaraman: New month is expected to show very bullish moves.
• Yohay Elam: The improvement in the US economy, and the weakness of the Japanese one are gradually pushing the pair higher.

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.