The pair's uptrend accelerated in the European morning, quickly breaking resistance points and is right now trading at 1.3765. We expect the up momentum to be more or less intact with a target of 1.3820 until the U.S. noon hours, from where we see a sizeable down correction.
GBP / USD
This European morning's dollar weakness gave even the pound a considerable lift to the current 1.5140 mark. We see the 1.5200 resistance zone holding today, and expect selling above that point. The resulting downward correction would then find support around 1.5025.
USD / CHF
The pummeled dollar is currently trading at 1.0600 against the Swiss franc in the European morning session. We see the weakness remaining for most of the European day and expect buying interest not before the market reaches 1.0550.
USD / JPY
Against the yen, the dollar downmove is quite limited, with the market range-bound between the old limits 90.30/90.90, currently trading at 90.40 in this European morning. We expect that range to remain intact for today's trading.







