A fresh bout of selling this European morning brought the pair down to its present level at 1.3570. We expect some recovery soon to set in, up to 1.3590, before renewed weakness could bring the market to levels around 1.3520 today.
GBP / USD
Cable is hovering above the 1.5120 support in the European morning, from where we see the selling drying out today. With the market currently trading at 1.5145, we expect recovery moves up to near 1.5180.
USD / CHF
In narrow range trading so far against the Swiss franc in the early European market, the dollar is priced right now at 1.0564 and is about to lose some ground soon, testing then the 1.0540 support where we expect some bidding, bringing the market back up to 1.0580.
USD / JPY
The dollar lost its upward momentum in the Asian trading hours and is trading sideways at now 90.45 in the European morning. We expect a slight bidding tone to dominate the market today, giving the market a lift to prices at 90.65.







