COMMERZBANK

EUR/USD: "The tight sideways consolidation, which followed its recent break below its eight-month uptrend, is regarded as a bear flag and further losses are expected. Our
Targets are $1.3225 (Fibonacci retracement) and then $1.3085/1.3140 (15 month uptrend, 200 day moving average and Fibonacci retracement). Rallies are expected to find good interim resistance at $1.3380 and remain contained by $1.3440 to leave the market directly offered."

USD/JPY: "Eroding the 122.17 yen resistance...We do have an additional resistance level here at 122.40, which represent the 61.8 percent retracement of the entire move from the 2002 high to the 2005 low. This is now exposed. Recent price action implies that the 120.80 recent low is an interim low and we should see further gains short term towards 125.40/70, December 2002 highs, enroute to 128.00."

LLOYDS TSB FINANCIAL MARKETS

EUR/GBP: "Fell below 67.50 pence support yesterday and could test further ownside around 67.30 in the event of strong UK data."

LBBW

EUR/USD: "Saw ongoing selling interest and could test the $1.3250/20 support still. Only hourly close above $1.3410 will stabilize and will lead up to $1.3550 barrier once again."

USD/JPY: "We are on our way up to 122.60 yen still as long as we stay above 119.80 daily close."

USD/CHF: "In extension of the rally and hourly close above 1.2450 francs will lead to 1.2550 next, ahead of 1.2610. Only hourly close below 1.2250 will abort and will start the new decline. But today could see further gains first."

EUR/GBP: "Broke below 67.50 pence and could test 67.05 now ahead of 66.90."

GBP/USD: "After testing the $1.9620/10 support we are on the way back north again and hourly close above $1.9780 will confirm the start of a new rally."

EUR/JPY: "In a small correction still, but long term target is set at 165/168 yen ahead of 175