GBPUSD: Cable pulled back sharply from the 1.57 area and looks set to re-test the lows at the 1.54 level over the coming days.
EURUSD: The Euro is curently the worst of a bad bunch as it pushes sharply lower. Expect ‘natural’ support at the 1.20 area but any buying/ short covering could be short-lived.
Dow Jones: The Dow continues to pullback within its main upward trend. A retracement to 12600 is possible before any meaningful rally.
FTSE 100: The FTSE is approaching support at 5600 but a break lower does not bode well. The weekly chart is looking like a high has been posted and therefore, lower prices are likely in coming weeks