EurUsd EURUSD now seems to be consolidating in a channel between 1.4821-1.5062. Only a break above 1.5062 would confirm further bullish momentum towards 1.5200-1.5300 area. GbpUsd GBPUSD has continued it’s bullish momentum, breaking higher through the 1.6842 resistance level yesterday, but was unable to close above there. It has since regained that tEurUsd EURUSD now seems to be consolidating in a channel between 1.4821-1.5062. Only a break above 1.5062 would confirm further bullish momentum towards 1.5200-1.5300 area. GbpUsd GBPUSD has continued it’s bullish momentum, breaking higher through the 1.6842 resistance level yesterday, but was unable to close above there. It has since regained that territory after the CPI figures, but stalled at 1.6845 just ahead of 1.6900 resistance. Todays BoE meeting will be the key event to watch for a catalyst to take GBPUSD to test 1.7014 key resistance levels, but for now, good support should keep it elevated above 1.6900. UsdJpy Resistance from the downtrend line around 90.20 should provide good supply to cap any rallies, however, we need a consistent move below 88.80 to continue the bearish scenario. Major support lies at 87.15 below. UsdChf The pair continues to trade in its 1.0030-1.0190 range and we expect this pattern to remain until a clear break either side is confirmed. For now, USD selling puts the bias of pressure on the downside, where a break of 1.0030 key support would inevitably take us through to parity and resumption of the longer term downtrend possibly indicating the next leg down to 0.9890 support. -->erritory after the CPI figures, but stalled at 1.6845 just ahead of 1.6900 resistance. Todays BoE meeting will be the key event to watch for a catalyst to take GBPEurUsd EURUSD now seems to be consolidating in a channel between 1.4821-1.5062. Only a break above 1.5062 would confirm further bullish momentum towards 1.5200-1.5300 area. GbpUsd GBPUSD has continued it’s bullish momentum, breaking higher through the 1.6842 resistance level yesterday, but was unable to close above there. It has since regained that territory after the CPI figures, but stalled at 1.6845 just ahead of 1.6900 resistance. Todays BoE meeting will be the key event to watch for a catalyst to take GBPUSD to test 1.7014 key resistance levels, but for now, good support should keep it elevated above 1.6900. UsdJpy Resistance from the downtrend line around 90.20 should provide good supply to cap any rallies, however, we need a consistent move below 88.80 to continue the bearish scenario. Major support lies at 87.15 below. UsdChf The pair continues to trade in its 1.0030-1.0190 range and we expect this pattern to remain until a clear break either side is confirmed. For now, USD selling puts the bias of pressure on the downside, where a break of 1.0030 key support would inevitably take us through to parity and resumption of the longer term downtrend possibly indicating the next leg down to 0.9890 support. -->USD to test 1.7014 key resistance levels, but for now, good support should keep it elevated above 1.6900. UsdJpy Resistance from the downtrend line around 90.20 should provide good supply to cap any rallies, however, we need a consistent move below 88.80 to continue the bearish scenario. Major support lies at 87.15 below. UsdChf The pair continues to trade in its 1.0030-1.0190 range and we expect this pattern to remain until a clear break either side is confirmed. For now, USD selling puts the bias of pressure on the downside, where a break of 1.0030 key support would inevitably take us through to parity and resumption of the longer term downtrend possibly indicating the next leg down to 0.9890 support. -->