13 June 2012 06:42 GMT 
GBP/USD: Daily studies are now correcting from oversold and from here risks seem tilted to the upside to allow for a necessary short-term corrective bounce after setbacks stalled just shy of the 2012 lows from January. Look for the latest daily close back above 1.5440 to strengthen short-term bullish outlook, with acceleration projected into the 1.5800 area where a fresh lower top will be sought out in favor of underlying bear trend resumption. Only a close back under 1.5400 delays.
GBP/USD: Daily studies are now correcting from oversold and from here risks seem tilted to the upside to allow for a necessary short-term corrective bounce after setbacks stalled just shy of the 2012 lows from January. Look for the latest daily close back above 1.5440 to strengthen short-term bullish outlook, with acceleration projected into the 1.5800 area where a fresh lower top will be sought out in favor of underlying bear trend resumption. Only a close back under 1.5400 delays.
US DOLLAR INDEX:The market has now taken out some major resistance by 10,100 to open the door for fresh upside and a bullish continuation over the coming weeks. Next key resistance comes in by the 10,500 area, although, with daily studies now overbought, look for opportunities to buy on dips back towards 10,000 where a fresh higher low is now sought out.
USD/CAD: Our optimistic prospects for this market base has more reaffirmed in the course of the past few weeks, with the market of the acceleration of the back above parity and to 1.0500 so far. While we continue to the significant increase of the draft medium-term, short-term risks appear to be tilted to the downside so that the market can fix surachat readings on the daily chart. However, no setbacks should now be very well supported before the parity and the area of 1.0100.
EUR/USD: The market is in the process of correcting from some violently oversold levels after breaking to yearly lows just under 1.2300. While our overall outlook remains grossly bearish, from here we still see room for short-term upside before a lower top is sought out fresh. Look for the latest positive weekly close to open the door for acceleration into the 1 2800 - 1 3000 area, where fresh offers are likely to re-emerge. Setbacks should be well supported ahead of 1.2400.
USD/CAD: Our optimistic prospects for this market base has more reaffirmed in the course of the past few weeks, with the market of the acceleration of the back above parity and to 1.0500 so far. While we continue to the significant increase of the draft medium-term, short-term risks appear to be tilted to the downside so that the market can fix surachat readings on the daily chart. However, no setbacks should now be very well supported before the parity and the area of 1.0100.
GBP/USD: daily studies are now well saturated and risk CIHI appear tilted upside down to allow a corrective bounce short term necessary after the reverse out just shy of the 2012 bottom of January. Look for a break and then close back above 1.5440 to strengthen the prospects for growth in the short term, with acceleration in the region of 1 5600 - 1 5800, where a low high costs will be sought for the resumption of underlying bear trend. 
GBP/JPY: The corrective pullback from the March 133.50 highs continues, and at this point, the close below the 100-Day SMA could open the door for a more significant decline below 125.00 over the coming days. However, with daily studies now looking stretched, we still hold onto a constructive outlook and will look for setbacks to stall out over the coming sessions in anticipation of a major bullish reversal. But back above 128.00 is now required at a minimum to relieve immediate downside pressures. 
USD/CAD:The latest break and close back above 1.0050 reaffirms out core constructive outlook and should now open the door for some fresh upside over the coming weeks back towards 1.0600. In the interim however, look for short-term studies to unwind before any meaningful gains. Setbacks should now be very well supported above 0.9900.
