GBP/USD Comments:
• Anna Coulling: Cable hit resistance in the 1.67 region with a pullback below short term moving averages. However, with deep platform of support below should see a bounce back higher in the short term before sell off longer term.
• GFM Research: Historic congestion in the ranges of 1.6700-1.6850, major bull trend to establish only above 1.6980
• Ilian Yotov: The market's repricing of Bank of England rate hike expectations further out could weigh on the GBP.
• Dr. Sivaraman: A month of drop,sideway moves and regain may be seen
• Yohay Elam: Three soft PMIs show the fragile state of the British economy in the long term.
EUR/USD Comments:
• Anna Coulling: Failure to break 1.50 level coupled with a temporary dollar bounce has seen a pullback in the eur usd. However, dollar recovery expected to be short lived & expect to see re-test of this level in due course.
• GFM Research: Though the long-term trend is intact, major resistance observed in the ranges of 1.3500-1.3200
• Ignacio Albizuri: We find bullish targets but if there is a normal agreement within the United States in order to approve the general budgets it would be normal to observe a reversal in the Dollar Index that is looking for last 3 years minimums. We will expect a change in the trend
• Ilian Yotov: With the Fed staying the course for "extended period", the EUR could remain supported on ECB rate hike expectations, provided the ECB does not close the door to tightening and the market's attention doesn't shift to the debt issues in the Euro-zone.
• Dr. Sivaraman: A month of drop,sideway moves and regain may be seen
• Yohay Elam: Trichet's referral to the exchange rate and his wish for a strong dollar, together with delays in hikes make the first correction. A more significant fall is due when the situation around Greece worsens. Also the US weakness is paradoxically pushing the pair lower.
USD/JPY Comments:
• Anna Coulling: Expect to see BOJ intervene relatively soon with a consequent bounce higher, before market re-establishes control to take it lower once more.
• Ilian Yotov: The perception of Bank of Japan as the last in line to exit its accommodative monetary policy and the threat of another intervention, along with yield differentials and risk appetite, should keep the recently established floor for the USD vs. JPY.
• Dr. Sivaraman: swing and rise moves are expected
• Yohay Elam: Despite the recent falls, the G7 seem countries seem keen on restoring the intervention achievements and pushing the "safe haven" yen lower. The Japanese economy is in a difficult situation.
USD/CHF Comments:
• Anna Coulling: The usd chf continues to plumb the bottom of the chart and is set to stay at this level in the short term. Very expensive coffee in Switzerland when driving through last week!
• GFM Research: USD getting over sold against CHF, short covering may be witnessed in near term
• Ilian Yotov: The multi-year bullish trend of the CHF vs. USD is still strong and only a Fed exit from their current ultra-accommodative monetary policy could reverse it.
• Dr. Sivaraman: swing and rise moves are expected
• Yohay Elam: The ultimate safe haven currency not only enjoys US weakness, but also rising inflation at home. Despite these factors, it will eventually lose some of the hot air it gained, especially if the European debt crisis erupts again.

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.