As highlighted in our Wednesday analysis, the pair may have halted its weakness after failing to follow-through lower and headed higher but it continues to retain its bearish nearer term outlook.

Read more here:
GBPUSD: Bear Pressure Still On Course

With a rally seeing the pair pushing above its minor resistance at the 1.2770 level, its Aug’27′10 high, recovery strength could be developing towards its Aug 18′10 high at 1.2921.

Read more here: 
EURUSD: Recovery To Target The 1.2921 Level

This is a follow up to this mornings EUR/USD update, where I was stalking the correction rally. So far the market has held the pair below 1.2740, an important area as I mentioned.It has become a pivot for a decline in the US session. The decline now tests the 1.2670

Read more here: 
EUR/USD – Will Volatility Tighten Ahead of NFP?