Good morning. With great pleasure we would like to present our currency market forecasts for today.

EURUSD
The pair is seen in range 1,3660-1,3580. Upside rebound above 1,3660 will lead to 1,3740 where in case of a breakout we may witness trend reversal. Below 1,3580 consolidating range between 1,3490-1,3580 is expected.

USDJPY
We suggest using 101,10 to open short positions with take profit order set at 99,90. Return above 101,50 will delay this scenario, rise to 102,30 would be possible.

USDCHF
Strong resistance is set right now at 1,1360/80 where we suggest going short. Possible drop is expected to reach 1,1310/1,1275. The level of 1,1410 is seen as a reversal point.

GBPUSD
The pair is likely to trade within wide range of 1,7170-1,6850.

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