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Euro (1.3609) broke the uptrending channel after the ECB meet and the ensuing soak soften up EURGBP (0.7927) proposes more downside, even upto 1.35. Keep an eye on the backings at 1.3580 and 1.3550.

Dollar-Yen (102.13) is near our focus of 102.50 after the US NFP information supported the Dollar yet the extent of 101.20-102.75 may proceed for some more of a chance. The Euro-Yen (138.99) remained generally unaltered as both the Euro and Yen debilitated at the same time. The more extensive extent of 138-140 doesn’t hint at any breaking soon.

Pound (1.7166) is unaffected by every one of those happenings in ECB or US and continues exchanging with a considerable measure of bullish force. Presently it may achieve 1.72 of course or considerably higher soon.

After the false breakout over 0.9460, Aussie (0.9358) has tried the whole help band of 0.9350-20 and now it must bob higher without making any new low to keep the officially undermined uptrend alive.

Gold (1319.343) fell pointedly yesterday after the US NFP turned out superior to gauges. The heading further is misty unless we see a break on either side of the 1300-1325 extent. 1350 on the upside could be focused on if a break over 1325 is seen. General the pattern stays down.

http://www.commexfx.com/daily-outlook-4-07-2014/