GBP / USD during the day: ST-key resistance at 1.53.

Change Point(devaluation level): 1.53
We prefer: SELLING in 1529 with price targets at 1.5115 & 1508.
Alternative scenario: about 1:53, we expect further upward with 1.5335 & 1:54 as price targets.
Technical Comment: the RSI lacks upward momentum.

EUR / JPY during the day: the downward movement will prevail.

Change Point (devaluation level): 111.2
We prefer: short positions at 111.2 with enhanced price targets on 109.7 & 109.25.
Alternative scenario: over 111.2, we expect further upward movements with 112.15 & 112.7 as targets in the future.
Technical Comment: the RSI is misaligned.

EUR / CHF during the day: under pressure.

Changing Point (devaluation level): 1.349
We prefer: short positions in 1349 with expanded course objectives at 1338 & 1333.
Alternative scenario: about 1349, we expect further upward movements with 1355 & 1358 as price targets.
Technical Comment: the RSI is capped by a bearish trend line.

Stronger Yen, U.S. Economic Outlook Uncertainty.

In currency trading the Asian session today (22-07), seen through the strengthening of the Yen against the U.S. Dollar. Pair EUR / JPY is currently engaged in the range of 86.70.

Early this morning, Fed Chairman Bernanke stated that the current U.S. economic outlook is uncertain, quite logical to see the U.S. economic data that was bad enough lately. Global markets certainly do not like uncertainty, so the demand for safe haven such as the yen rose.

Sterling Looks Depressed, BoE Economic Outlook Express Little Worse.

In currency trading the Asian session today (22-07), Sterling currency is still seen moving narrowly against the U.S. Dollar. GBP / USD is currently engaged in the range of 1.5177.

MPC Meeting Minutes report by the BoE yesterday showed that one of eight members, namely Andrew Sentance voicing BoE to raise interest rates in accordance with the estimates. But they claim that the UK economic outlook a little worse.