UBS

EURUSD BULLISH Bull Trend Remains Intact For 1.4000, Initial Support At 1.3740

USDJPY BEARISH Remains Heavy With Next Bear Trigger At 120.76, 122.62 Caps

USDCHF BEARISH 1.1961 Marks Trigger For Fresh Downside To 1.1880. Heavy Below 1.2100

AUDUSD BULLISH 0.8931 Next Significant Resistance - Initial Support At 0.8693

USDCAD BEARISH Bear Trend Still Dominant, Next Support 1.0399, Stay Bearish Below 1.0614

EURCHF BULLISH Break Above 1.6608 Opens 1.6673 Key Resistance. Support Is At 1.6519

EURGBP BEARISH Key Support At 0.6690 Exposed. Need 0.6771 Break To Offset Bear Threat

EURJPY NEUTRAL Uptrend Intact With The Focus On 170.00. Buy Dips Ahead Of 166.54


COMMERZBANK

EUR USD: "The euro held its 9 day moving average (currently located at $1.3798) again yesterday and posted a marginal new (all-time) high at $1.3844, we maintain our positive view. Further gains are still anticipated this week to initially test $1.3927 enroute to now test psychological resistance at $1.4000. Ultimately we look for the market to challenge $1.4116 (current location of 1 year up channel) in the shorter term before any significant correction or reversal occurs."

GBP USD: "GBP/USD continues to hold within its accelerated up trend. The current parameters of the up trend are now located at $2.0569/2.0768 and with the daily DMI trend index still positive we maintain dips are likely to be shallow, implying price will remain within its accelerated up phase and we therefore continue to look for new highs to test the next key resistance area of $2.0685/2.0768 (Elliot wave based target
and up channel) before any significant correction occurs."

EUR JPY: "We maintain that EUR/JPY is not currently trending and the outlook is corrective. Technically the market indicates to remain dominated by the 65.84/169.67 yen (4 month up trend and 3 month resistance line highlighted). The near term bias is to test 165.84 where we anticipate recovery. The daily DMI trend Index is now neutral to negative supporting this view."


ABN AMRO PRIVATE BANKING

EUR USD: "The trend remains up but its intensity is starting to decrease. However, no clear top has yet taken shape so only a break under the last intra-day low at 1.3797
indicates that the uptrend has entered a correction phase. Unless that happens then prices should rally past the recent $1.3847 peak which will keep the focus on a projected possible top at $1.4120."

USD JPY: "The market is hammering away at the 120.78/54 yen support area and this indicates a dip down to the 119.48 level is underway. Once reached, a bounce to test 120.78 as new resistance could occur before the downswing continues. Only a push up past the last intra-day peak at 121.52 starts to cool off the downside bias but the market will still need to deal with the strong looking barrier that emerged at 122.62.

GBP/USD: "The current uptrend set yet another fresh high and buyers are closing in on a projected possible top at $2.0675. It is a place where some hesitation could occur and perhaps a correction lower. But, only breaking below $2.0538 indicates that the uptrend has entered a correction phase with scope to $2.0459. If that were to give way then a decline to $2.0244 could follow. On the upside, a break above $2.0675 opens
the way to the next projected possible top at $2.1095."

NZD USD: "The bulls continue driving levels higher and could keep doing so until $0.8358 is reached. On the downside, only breaking below $0.8026 indicates that the uptrend is cooling slightly but a further fall below 0.7908 and preferably $0.7885 is needed to indicate that the market has entered a downward correction phase. That then will open the way for a decline to $0.7817 and potentially $0.7717."
COMMERZBANK

EUR/USD: "The euro held its 9 day moving average (currently located at $1.3798) again yesterday and posted a marginal new (all-time) high at $1.3844, we maintain our positive view. Further gains are still anticipated this week to initially test $1.3927 enroute to now test psychological resistance at $1.4000. Ultimately we look for the market to challenge $1.4116 (current location of 1 year up channel) in the shorter term before any significant correction or reversal occurs."

GBP USD: "continues to hold within its accelerated up trend. The current parameters of the up trend are now located at $2.0569/2.0768 and with the daily DMI trend index
still positive we maintain dips are likely to be shallow, implying price will remain within its accelerated up phase and we therefore continue to look for new highs to test the next key resistance area of $2.0685/2.0768 (Elliot wave based target and up channel) before any significant correction occurs."

EUR JPY: "We maintain that EUR/JPY is not currently trending and the outlook is corrective. Technically the market indicates to remain dominated by the 65.84/169.67 yen (4 month up trend and 3 month resistance line highlighted). The near term bias is to test 165.84 where we anticipate recovery. The daily DMI trend Index is now neutral to negative supporting this view."