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

EURUSD
During the London session gains can reach 1,2820 and it would be a good moment to open short positions. Range of the following correction we assess  for 1,2660/80. In case this level is broken, negative sentiment shall return and deepen the falls even to 1,2400 area. Upside rebound above 1,2940 is expected to reach 1,3030.

GBPUSD
Overnight dynamic gains should be repeated during today's session. We expect a return to 1,6240 and falls to 1,5980/5910 later on.

USDJPY
The cross will maintain in range 99,10-95,40.

USDCHF
Drop form the level of 1,1520/30 towards 1,1440/1,1390. Upside rebound above 1,1590 will cancel this scenario.

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